New Listing - 01/15/2025
83 Father Capodanno Boulevard, Staten Island, NY, 10305
1931
Location Location Location! An exceptional investment opportunity awaits in the highly desirable Father Capodanno Blvd area of Staten Island! Just minutes from the iconic South Beach, close to New York City, shops, and transportation, this 16-unit studio building is a gem for any savvy investor. Property Highlights: Current Monthly Income: $25,833 Annual Gross Income: $310,000 Yearly Expenses: Approximately $75,000 Net Operating Income (NOI): $233,800 Zoned for legal SRO (Single Room Occupancy) with R6 zoning—offering immense potential for redevelopment or maximizing rental income. Potential for Increased Rents: Significant opportunity to improve monthly rental income. Building Features: Immaculate condition with well-maintained and updated units. Newly installed plumbing, heating system, and electrical systems. Renovated kitchens and bathrooms throughout the building. Strong tenant base with legal permitted SRO use. Updated mechanicals ensure lower maintenance and long-term savings. This turnkey property is a rare find, offering both steady income and room for growth. Whether you're expanding your portfolio or seeking a prime income-producing property in a sought-after location, this building delivers on every front. Contact us today for more information or to schedule a private showing!
Status:
Active
Type:
Commercial
Units:
16
Heating:
Steam
Cooling:
Wall/Window Unit(s)
Basement:
Full, Storage Space
Levels:
3
Parking:
Off Street
Est. Taxes:
$33,429
Construction
Advanced Framing Technique, Vinyl Siding
Utilities
See Remarks
Lot Description:
Front Yard, Near Public Transit, Near School, Near Shops, Private
Days on Market:
1
MLS #:
814196
Community Info
School Info
Walk Score
Mass Transit
Yelp
Similar Properties
New or Coming Soon Properties
Listing courtesy of Keller Williams Realty Group 914-713-3270