16 Butler Ter - Apartments FOR SALE


Staten Island, NY 10301
$1,750,000 USD
917-531-1100
16 Butler Ter, Staten Island, NY for Sale
$1,750,000 USD
Apartments - FOR SALE
1/10
null | 7.15% Cap Rate

16 Butler Ter
Staten Island, NY 10301


HIGHLIGHTS

  • newly renovated
  • individually metered units
  • value add potential

OVERVIEW

Prime Multi-Family Investment Opportunity! Discover an exceptional investment opportunity with this updated multi-family property in the New Brighton neighborhood of Staten Island. Featuring four units in excellent condition: Two (3) bedroom units and two (2) bedroom units. Each unit is individually metered, offering convenience and efficiency for tenants. Situated on a street-to-street lot, this property was renovated in 2022, ensuring modern amenities and quality finishes throughout. Key highlights: four units in excellent condition, individually metered units, value-add potential, includes two additional rental garages, providing an attractive value-add opportunity for increased revenue. Street-to-Street Property, Butler Terrace to Brighton Ave with an impressive return: Gross income is $169k+ with a Net Operating Income (NOI) exceeding $139,000 annually, this property promises strong cash flow and a solid return on investment.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$414 USD /SF

# OF UNITS

4

PRICE/UNIT

$437,500

CAP RATE

7.15%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

16-18 Butler Terrace

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1901

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,695 SF

ZONING

R3-2

APN/PARCEL ID

00085-0033

ASK ABOUT THIS PROPERTY

Ron MolchoMolcho Realty GroupMore Info
917-531-1100

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Ron MolchoMolcho Realty GroupMore Info
917-531-1100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.