This six-unit multifamily property presents a compelling value-add investment in the rapidly developing Van Duzer corridor of Staten Island. With significant upside potential, this asset offers an opportunity to reposition the property and increase revenue through strategic rent Optimization. The pro forma cap rate of 10.27 highlights the strong investment… Read More potential, driven by under-market rents and operational efficiencies. With a targeted repositioning strategy, investors can unlock substantial NOI growth, enhancing both cash flow and long-term Appreciation. Located in a high-demand rental market, the property benefits from proximity to transportation, dining, and retail amenities, ensuring strong tenant demand. This is an ideal opportunity for an investor seeking to maximize yield through a proven value-add strategy in an evolving submarket. Read Less
Courtesy of Ozana Realty Group.
Listing Snapshot
Days Online
54
Last Updated
Property Type
Single Family
Square Ft.
6,300
Lot Size
0.11 Acres
Year Built
1931
MLS Number
2501579
30 Days Snapshot Of 10304
$821k
+16%
(avg) sold price
18
+20%
homes sold
161
-5%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1931, Building area total: 6,300, Leasable area: 0, 3 buildings, 2 total stories, Construction materials: "Other"
Expenses
Operating expense: $37,909
Heating
"Forced Air", "Natural Gas"
Income
Gross income: $91,791, Net operating income: $53,882
Lot
0.11 acres, 4,750 square feet, Area: 4,750
Parking
"Street"
Property
Zoning: R3-2 / C1
Sewer
"City"
Taxes
Tax annual amount: $19,548
Utilities
Electric: "220 Volts"
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