83 Father Capodanno Blvd
Staten Island, NY 10305
Residential Property For Sale · 16 Units
Investment Highlights
- Great Location , Minutes away from the famous south beach.
- Gracious sized studio units with Great paying Tenants
- Recently renovated and Updated mechanical and Plumbing
Executive Summary
Location Location Location! An exceptional investment opportunity awaits in the highly desirable Father Capodanno Blvd area of Staten Island! Just minutes from the iconic South Beach, close to New York City, shops, and transportation, this 16-unit studio building is a gem for any savvy investor. Property Highlights: Current Monthly Income: $25,833 Annual Gross Income: $310,000 Yearly Expenses: Approximately $75,000 Net Operating Income (NOI): $233,800 Zoned for legal SRO (Single Room Occupancy) with R6 zoning—offering immense potential for redevelopment or maximizing rental income. Potential for Increased Rents: Significant opportunity to improve monthly rental income. Building Features: Immaculate condition with well-maintained and updated units. Newly installed plumbing, heating system, and electrical systems. Renovated kitchens and bathrooms throughout the building. Strong tenant base with legal permitted SRO use. Updated mechanicals ensure lower maintenance and long-term savings. This turnkey property is a rare find, offering both steady income and room for growth. Whether you're expanding your portfolio or seeking a prime income-producing property in a sought-after location, this building delivers on every front. Contact us today for more information or to schedule a private showing!
PROPERTY FACTS
Unit Amenities
- Air Conditioning
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Yard
Site Amenities
- Fenced Lot
- Security System
- Public Transportation
- Smoke Detector
PROPERTY TAXES
Parcel Number | 03124-0102 | Improvements Assessment | £154,847 |
Land Assessment | £68,044 | Total Assessment | £222,891 |
zoning
Zoning Code | R6 (Zoned for legal SRO (Single Room Occupancy) with R6 zoning—offering immense potential for redevelopment.) |