77 Montgomery AveStaten Island, NY 10301

For Sale
$4,200,000

14-unit multifamily, prime location. High ROI.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a portfolio of four multifamily buildings and a buildable lot totaling 12,775 square feet situated on a 10,375 square foot lot at 77-87 Montgomery Ave, Staten Island, NY 10301. The property, built in 2000, consists of 14 residential units, offering a compelling price per unit of $300,000 and a price per square foot of $486. The property boasts a strong Net Operating Income (NOI) of $274,787. Located in the desirable St. George neighborhood, this portfolio benefits from its proximity to the Staten Island Ferry Terminal, providing convenient access to Manhattan. The area is also rich with local amenities including restaurants, pubs, public transportation (MTA buses), URBY, and Empire Outlets. The property is zoned C4-2, presenting potential for future development on the included buildable lot. This is a rare chance to acquire a well-performing multifamily portfolio in a thriving area with significant growth potential. The property's APN is 00016-0030-0034. This offering represents a unique opportunity for investors seeking a high-return, multi-faceted investment in a prime Staten Island location.

Property Details for 77 Montgomery Ave

Property type
Multifamily properties, Other land
Square Feet
12,775 SF
Year Built
2000
Buildings
4
Units
14

Location Insight

City
Staten Island
County
Richmond
State
New York
Latitude
40.6400238
Longitude
-74.07819
77 Montgomery Ave, Staten Island, New York

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77 Montgomery Ave
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