1060 Manor RdStaten Island, NY 10314

Property Details for 1060 Manor Rd

Year built

1986

Property size (Sq ft)

3,744 SF

Property type

Apartment buildings

Description

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.

Location Insight

City

Staten Island

County

Richmond

State

New York

Latitude

40.6007

Longitude

-74.1214

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