39 Racal CtStaten Island, NY 10314

Property Details for 39 Racal Ct

Year built

1982

Property size (Sq ft)

3,430 SF

Property type

Apartment buildings

Description

This exceptional three-unit apartment building, located at 39 Racal Ct in Staten Island's Heartland Village, presents a compelling investment opportunity. Situated next to the Staten Island Mall, this property boasts a prime location offering unparalleled convenience and accessibility. The building, constructed in 1982, comprises three floors above ground plus a full basement, totaling 3,430 square feet of net rentable space. The building features a mix of unit sizes: one 1-bedroom, one 2-bedroom, and one 3-bedroom apartment, each occupying a floor. Currently operating at 100% occupancy with established tenants, the property generates a substantial net operating income (NOI) of $34,445, resulting in a 3.44% cap rate. The asking price is $999,900, translating to $333,300 per unit and $291.52 per square foot. The property sits on a 2,221 square foot lot and is zoned C4-1. This value-add investment presents a rare chance to acquire a well-performing multifamily property in a highly desirable Staten Island location. The property will be delivered fully occupied, offering immediate cash flow and potential for future appreciation. This is an ideal opportunity for an owner-user or investor seeking a strong return on investment in a thriving market. The building's strong tenant base and strategic location ensure a stable and profitable investment for years to come.

Location Insight

City

Staten Island

County

Richmond

State

New York

Latitude

40.5863

Longitude

-74.1645

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].