646-662 Port Richmond Ave
43 Unit Apartment Building
$10,999,999 ($255,814/Unit) 4.69% Cap Rate
Staten Island, NY
- 43 Unit All Brick 3 Level Garden Style Apartment Including a 1st Floor Office with It’s Own Address
- Perks of Being Part of NYC: DOT Transportation & DOS Sanitation Provided
- Tenants Enjoy Easy Access to Multiple Parks, Ample Dining and Shopping Amenities in Convenient Location
- Building is not rent stabilized!
- Located in Staten Island, NY ( 1 of the 5 borough of NYC)well-known for its green park spaces, museum. Transportation: NYC DOT Bus S59 , S53
- 39 Private Parking Spaces on Premise
*Building is not Rent Stabilized* See attached document
Presenting an amazing opportunity to own a 43 unit all brick u shape garden style apartment building with an NOI of $516,035! This all brick 27,152 ft² building features: 1 yr young roof , a 6yr young heating system, 39 private parking spaces, and a large basement with laundry area on a 200′ × 190′ lot. Property consists of 1 large 1st floor office, 13 two bedrooms apartments, 17 one bedrooms apartments and 12 studio apartments. utilize the advantages of being part of New York City yet located in the beautiful borough of Staten Island, NY. in the convenient neighborhood of Port Richmond. Shopping and city buses to Brooklyn, Manhattan, and Staten Island mall right outside the door. Financials furnished upon request. Chance of a lifetime investment!
FINANCIAL SUMMARY (PRO FORMA – 2022)
|ANNUAL||ANNUAL PER SF|
|Gross Rental Income||$712,000||$23.79|
|Effective Gross Income||$712,000||$23.79|
|Net Operating Income||$516,035||$17.24|
|Parcel Number||01132-0001||Total Assessment||$854,100 (2021)|
|Land Assessment||$96,300 (2021)||Annual Taxes||$105,965 ($3.54/sf)|
|Improvements Assessment||$757,800 (2021)||Tax Year||2022|
|Zoning Code||R3A (ZONING R3A – ALL BRICK 43 UNIT MULTI FAMILY GARDEN STYLE BUILDING WITH 39 PRIVATE PARKING SPACES)|
Properties Sold by Giovanna Cardinale
Awards and Achievements
Giovanna Cardinale is a very patient and professional real estate agent, she is extremely focused on her customer needs. Give her your exact requirements, and Giovanna will be sending you materials of the houses you may be very much interested. During our process of searching and (eventually) buying a house, Giovanna has been very accurate and available at any time we needed her, and many times it happened to be late evenings and early mornings. She is never late, always on time and always returns our calls.
We have been first time home buyers, and she provided to us a lot of useful and necessary information, literally educated us in areas where we had lack of knowledge and life experience.
We got a lot of valuable (I could say priceless!) advises about real estate things and she also gave us a lot of resources for the information about construction technologies, engineering and legal subjects.
She always appreciated our questions and consulted us with great patience and respect.
There have been many obstacles and hard to resolve situations and Giovanna helped us to get them resolved or find a best workaround.
Another wonderful things about working with Giovanna is that Giovanna never tries to push customers, never tries to convince customers if they have doubts in certain questions. Giovanna is always, and I want to repeat: always!, very delicate, accurate and professional. A professional of a highest rank.
My family is very happy of working with Giovanna and we always recommend her to our friends.
It always looks weird if someone gets 5 stars in all categories, but in case with Giovanna that is very much fair and deserved and I would give her all 6 stars if they were here.
Giovanna was very professional and made our experience buying a house a stress free. She responds quickly to any our emails or texts concerning questions we had about the houses we went to see. She knew alot of information in her field of work which made our experience pleasant. She was willing to help us any day or time she was very flexible with her hours.
Sold single family home in Dongan Hills 2010. Giovanna came highly recommended from a family friend. We worked with her selling my Dad’s home.Not only was she very knowledgeable, she was always available which made the process run smoothly.
Giovanna came highly recommended from some families that we knew from our daughters’ school. She was not only professional and detail oriented, but she was caring and kind as well. Giovanna knew that we not only had to sell our home, but we also needed to purchase a home so that our family would not be displaced. Giovanna brought the perfect buyer the next day. Not because they bought our home, but because she made sure that they were qualified and ready to buy. Helping us find a home to buy was easy for Giovanna. She was knowledgeable of the areas that we liked and knew which home would fit our needs. Because of this we were able to close on both homes the same day. Thank you Giovanna, because of your dedication and hard work we have the perfect home.
I worked with Giovanna when I was looking for my first home in Staten Island. She was very helpful and very knowledgable. She patiently answered all my questions thoroughly and quickly. I was very nervous buying for the first time, but she was able to put my mind at ease and patiently answered every single question I had.
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