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25 Sherman Ave

25 Unit Block of Flats £2,753,975 (£110,159/Unit) 6.10% Net Initial Yield Staten Island, NY 10301

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Investment Highlights

Income producing property

Executive Summary

Prime invest opportunity. Virtual video attached. 25 residential apartments.
Brochure attached with floor plan, apartment mix, and rental info/ financials.

25 Sherman Avenue

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	£315,232	£12.63
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£315,232	£12.63
Taxes	£58,612	£2.35
Operating Expenses	£88,109	£3.53
Total Expenses	£146,721	£5.88
Net Operating Income	£168,511	£6.75

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	£315,232
Annual Per SF	£12.63

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£315,232
Annual Per SF	£12.63

Taxes
Annual	£58,612
Annual Per SF	£2.35

Operating Expenses
Annual	£88,109
Annual Per SF	£3.53

Total Expenses
Annual	£146,721
Annual Per SF	£5.88

Net Operating Income
Annual	£168,511
Annual Per SF	£6.75

Property Facts Under Contract

Price	£2,753,975	Apartment Style	Mid Rise
Price Per Unit	£110,159	Building Class	B
Sale Type	Investment	Lot Size	0.35 AC
Net Initial Yield	6.10%	Building Size	24,960 SF
Sale Conditions	1031 Exchange	Average Occupancy	99%
No. Units	25	Number of Floors	4
Property Type	Residential	Year Built	1931
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£2,753,975
Price Per Unit	£110,159
Sale Type	Investment
Net Initial Yield	6.10%
Sale Conditions	1031 Exchange
No. Units	25
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Mid Rise
Building Class	B
Lot Size	0.35 AC
Building Size	24,960 SF
Average Occupancy	99%
Number of Floors	4
Year Built	1931
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

Cable Ready
Heating
Kitchen

Wooden Floors
Refrigerator
Oven

Range
Tub/Shower

Double Pane Windows
Intercom

Site Amenities

Laundry Facilities

Unit Mix Information

Description	No. Units	Avg. Rent.Mo	SF
3+1	3	-	-
2+1	10	-	-
1+1	12	-	-

1 of 1

Transit Score ®

Excellent Transit (78)

What is a Walk Score®, Transit Score® & Bike Score®?

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Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	00026-0013	Total Assessment	£493,061 (2024)
Land Assessment	£245,644 (2024)	Annual Taxes	£58,612 (£2.35/sf)
Improvements Assessment	£247,417 (2024)	Tax Year	2023