16 Butler TerStaten Island, NY 10301

For Sale
$1,750,000

Four-unit building, high NOI, renovated 2022

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional multifamily investment opportunity presents a meticulously renovated four-unit apartment building located in the desirable New Brighton neighborhood of Staten Island, New York. The property, situated on a generous 7,695 square foot lot spanning between Butler Terrace and Brighton Avenue, boasts a total of 4,224 square feet of living space. Built in 1901 and completely renovated in 2022, this building offers a blend of historic charm and modern amenities. The four units comprise two three-bedroom units and two two-bedroom units, each equipped with individual meters for efficient utility management. The property's strong financial performance is highlighted by a Net Operating Income (NOI) exceeding $155,427 annually, generated from a gross income of over $169,000. Adding to its appeal are two additional rental garages, providing a significant value-add opportunity to further increase revenue. The property is zoned R3-2, offering potential for future development or expansion. This turnkey investment presents a rare opportunity to acquire a high-performing multifamily property in a thriving Staten Island neighborhood. The combination of strong cash flow, recent renovations, and value-add potential makes this an ideal asset for discerning investors seeking a stable and profitable investment. The property's location and features make it an attractive option for both long-term ownership and potential future appreciation.

Highlights

  • Meticulously renovated four-unit apartment building in desirable New Brighton, Staten Island.
  • 4,224 sq ft on a 7,695 sq ft lot between Butler Terrace and Brighton Avenue.
  • Four units (two 3-bedroom, two 2-bedroom), all with individual utility meters.
  • Strong financial performance with over $169,000 gross annual income and NOI exceeding $155,427.
  • Two additional rental garages and R3-2 zoning offer value-add potential.

Property Details for 16 Butler Ter

Property type
Multifamily properties, Apartment buildings
Square Feet
4,224 SF
Year Built/Renovated
1901/2022
Buildings
1
Units
4

Location Insight

City
Staten Island
County
Richmond
State
New York
Latitude
40.63637
Longitude
-74.089545
16 Butler Ter, Staten Island, New York

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
16 Butler Ter
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message