37 Avon PlStaten Island, NY 10301

Property Details for 37 Avon Pl

Year built

1926

Lot size

0.14 AC

Property size (Sq ft)

9,000 SF

Zone code

R3-2

Property type

Apartment buildings

APN

00574-0062

APU

5740062

Description

This exceptional investment opportunity presents a well-maintained, four-story apartment building located at 37 Avon Place, Staten Island, New York, 10301. The property, built in 1926, encompasses 9,000 square feet and features 17 one-bedroom units, all currently occupied. The building is zoned R3-2, offering potential for future development or expansion, subject to local regulations. The asking price is $2,850,000, translating to a price per square foot of $316.67. A significant advantage is the inclusion of a live-in superintendent unit, providing on-site maintenance and property management convenience. This contributes to the property's consistently high occupancy rate and low-maintenance operation. The property's strong performance history makes it an attractive option for investors seeking a stable, cash-flowing asset. All units are in excellent condition, reflecting the hands-on approach of the current owners. This turnkey investment is ideal for those seeking a low-risk, high-reward opportunity, or those considering a 1031 exchange. Financial documentation is available upon request

• CAP approach

  CAP return

  Valuation

  6%

  $1,845,081

  6.5%

  $1,703,152

  7%

  $1,581,498

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,822,707

  Geo Method

  $1,822,707

• Alternative Use

  Use

  Valuation

  Residential

  $1,703,152

  Hospitality

  $1,560,078

  Educational

  $1,297,967

  Medical

  $1,342,606

  Retail

  $2,019,059

Location Insight

City

Staten Island

County

Richmond

State

New York

Latitude

40.6351

Longitude

-74.0828

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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