22 Spartan Ave - Apartments FOR SALE


Staten Island, NY 10303- Graniteville
$795,000 USD
516-279-8828
22 Spartan Ave, Staten Island, NY for Sale
$795,000 USD
Apartments - FOR SALE
1/17
null | 9.77% Cap Rate

22 Spartan Ave
Staten Island, NY 10303
Graniteville


HIGHLIGHTS

  • Calling All Investors, Developers, & End-Users!!! Free Market Multifamily With Garage On Staten Island For Sale!!!
  • The Property Features Excellent Signage, Great Exposure, (2) 3 Br. Apartments, B9 Zoning, High 8’ Ceilings, Low Property Taxes, 6 Parking Spaces, +++!
  • The Property Is Located In The Heart Of Graniteville Just Off Forest Avenue Situated Between I-278 & The Dr. MLK Jr. Expy.!!!
  • Neighbors Include Hilton Hotels, Amazon, The Home Depot, ShopRite, Public Storage, LA Fitness, Planet Fitness, Lowe’s Home Improvement, Kohl’s, +++!!!
  • This Property Offers HUGE Upside Potential!!!
  • This Could Be Your Next Development Site / The Next Home For Your Business!!!

OVERVIEW

Calling All Investors, Developers, & End-Users!!! Free Market Multifamily With Garage On Staten Island For Sale!!! The Property Features Excellent Signage, Great Exposure, (2) 3 Br. Apartments, B9 Zoning, High 8’ Ceilings, Low Property Taxes, 6 Parking Spaces, Private Driveway & Garage, Separate Meters, 200 Amp Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Graniteville Just Off Forest Avenue Situated Between I-278 & The Dr. MLK Jr. Expy.!!! Neighbors Include Hilton Hotels, Amazon, The Home Depot, ShopRite, Public Storage, LA Fitness, Planet Fitness, Lowe’s Home Improvement, Kohl’s, Mavis Discount Tire, Meineke Car Care Center, Popeyes Louisiana Kitchen, Harbor Freight, Checkers, Carvel, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site / The Next Home For Your Business!!! Income: 1st Floor 3 Br. Apt.: $28,800 Ann.; M-M.; Been Here 5-6 Years So Far. 2nd Floor 3 Br. Apt.: $26,400 Ann.; M-M.; Been Here 3 Years So Far. LL: $25,200 Ann. (Available) 1 Car Garage: $6,000 Ann. (Available) Pro Forma Gross Income: $86,400 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Maintenance & Repairs: $250 Ann. Water & Sewer: $720 Ann Insurance: $2,173 Ann. Taxes: $5,564.16 Ann. Total Expenses: $8,707.16 Ann. Net Operating Income (NOI): $77,692.84 Ann. (Pro Forma 9.77 Cap!!!)

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$352 USD /SF

# OF UNITS

2

PRICE/UNIT

$397,500

CAP RATE

9.77%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

B9

APN/PARCEL ID

01674-0018

ASK ABOUT THIS PROPERTY

Matthew ShaneAll Island CommercialMore Info
516-279-8828

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Matthew ShaneAll Island CommercialMore Info
516-279-8828

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