Prime Four-Unit Investment with Expansion Potential - Port Richmond, Staten Island Rare opportunity to acquire two detached two-family buildings on an oversized 88 x 101 lot in the highly accessible Port Richmond section of Staten Island. Ideally positioned near major shopping corridors, public transportation, and key highway and bridge… Read More access points, this property is well-suited for both immediate cash flow and long-term value creation. Each building features two spacious five-room apartments, currently configured as 2-bedroom units with the potential for 3-bedroom layouts. Additional value is supported by full basements and walk-up attics, offering storage or future conversion possibilities. Projected gross annual income ranges from approximately 127,200 to 168,000, with estimated net income between 104,841 and 145,741 depending on final unit configuration—delivering an attractive projected cap rate between 7 and 10. Situated on a C2-1, R3-2, and R3A zoned lot, this property presents a compelling opportunity for expansion or redevelopment. With proper architectural planning, investors may unlock additional unit density and significantly increase overall returns. Property is being sold as-is and will be delivered fully vacant at closing, providing a clean slate for repositioning, renovation, or redevelopment. Read Less
Courtesy of Martino Realty Group.
Listing Snapshot
Days Online
28
Last Updated
Property Type
Single Family
Beds
12
Full Baths
4
Square Ft.
3,472
Lot Size
0.2 Acres
Year Built
1930
MLS Number
2602257
Additional Details
Basement
Basement: "Full", "Unfinished"
Building
Built in 1930, Building area total: 3,472, Levels: "Two", 2 stories, Architectural style: "Colonial", Construction materials: "Stucco"
Cooling
"Units"
Expenses
Operating expense: $22,259
Fence
"Back Yard", "Chain Link"
Heating
"Natural Gas", "Hot Water"
Income
Gross income: $127,200, Net operating income: $104,941
