80 State StStaten Island, NY 10310

For Sale
$1,500,000

Four-unit building, high occupancy, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional multifamily investment opportunity presents a well-maintained, four-unit apartment building located at 80-82 State Street, Staten Island, NY 10310. Boasting 100% occupancy, this property generates a substantial net operating income (NOI) of $108,125 annually. The building, constructed in 1932, encompasses 3,520 square feet and sits on a generous 7,860 square foot lot. The property is zoned R 3-2, offering potential for future development or expansion. The convenient location provides easy access to both Brooklyn and the Staten Island Ferry, eliminating the need for transfers. A key advantage is the approved subdivision, creating an additional lot suitable for the construction of warehouse space, presenting significant added value and future income potential. This turnkey investment is priced at $1,500,000 and offers a compelling return on investment for discerning buyers seeking a stable and profitable multifamily asset in a desirable location. The property's strong performance and strategic location make it an ideal addition to any investment portfolio. The tax parcel number (APN) is 00207-0035.

Highlights

  • Four-unit multifamily building at 80-82 State Street, Staten Island, NY 10310.
  • 100% occupancy with $108,125 annual NOI.
  • 3,520 sq ft building on a 7,860 sq ft lot, built in 1932.
  • R3-2 zoning allows for potential expansion or development.
  • Convenient location near Brooklyn and the Staten Island Ferry.
  • Approved subdivision creates an additional buildable lot.

Property Details for 80 State St

Property type
Multifamily properties, Apartment buildings
Square Feet
3,520 SF
Year Built
1932
Buildings
1
Units
4

Location Insight

City
Staten Island
County
Richmond
State
New York
Latitude
40.6341228
Longitude
-74.1178658
80 State St, Staten Island, New York

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80 State St
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