1060 Manor RdStaten Island, NY 10314

For Sale
$1,475,000

Four-unit apartment building, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional value-add investment opportunity presents a four-unit apartment building located at 1060-1064 Manor Rd, Staten Island, NY 10314. The property, built in 1986 and renovated in 2023, boasts a total of 3,744 square feet across two buildings, each two stories high. The property sits on a 7,808 square foot lot and features four legal two-bedroom triplex apartments, each with its own meters. Each apartment offers a first-floor kitchen and dining/living room, a second-floor with two bedrooms and a full bathroom, and a basement laundry/storage room plus a bonus room. Three parking spaces are available on the property, along with ample grassy space. Currently operating at 100% occupancy (as of September 17, 2024), the property generates a Net Operating Income (NOI) of $67,914, resulting in a 4.60% cap rate. The asking price is $1,475,000, or $368,750 per unit, and $393.96 per square foot. The property is zoned R3-1 and enjoys a prime location near the SI Expressway and public transportation, as well as the JCC and other key Staten Island amenities. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a desirable location.

Highlights

  • Exceptional investment opportunity in a desirable Staten Island neighborhood.
  • Four legal two-bedroom triplex apartments, each with separate utilities.
  • Each unit features a first-floor kitchen/dining/living area, two second-floor bedrooms, a full bath, and a finished basement with laundry/storage and bonus room. Some units include a first-floor half-bath.
  • Property comprises two combined parcels with three on-site parking spaces and ample lawn space.
  • Convenient location near the Staten Island Expressway, public transportation, and the JCC.

Property Details for 1060 Manor Rd

Property type
Multifamily properties, Apartment buildings
Square Feet
3,744 SF
Year Built/Renovated
1986/2023
Buildings
2
Stories
2
Units
4

Location Insight

City
Staten Island
County
Richmond
State
New York
Latitude
40.60069044854
Longitude
-74.121377949419
1060 Manor Rd, Staten Island, New York

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1060 Manor Rd
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