Interstate Home
Listed by Interstate Home
$2,250,000
37 Avon Place
Details
APN 00574-0062
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 9,000
Units 17
Cap Rate 8.20%
NOI $201,379
Year Built 1926
Buildings 1
Stories 4
Acreage 0.140
Zoning R3-2
17 Unit Apartment Building close to the Staten Island Ferry & Transportation
Marketing description
37 Avon Pl, is a fantastic 17 unit commercial building right off of Ward Ave. This building is located up the hill from the Victory Blvd transportation corridor which provides access to a number of bus lines. You are also minutes away from the Bay Street corridor, downtown Staten Island and the Staten Island Ferry. This building features 17x (1) bedroom apartments all complete with a galley kitchen inclusive of a fridge and stove, a full bathroom as well as a living room. There is also a separate unit on the side of the building which was the home to the former super of the building. This building is heated by a two pipe steam system that heats the cast iron radiators and the bathroom water. 7 units have been renovated which include new floors, painting and taping, new appliances, new light fixtures and new bathrooms fixtures.
Investment highlights
- 17 Unit Rent Stabilized Multi-Family
- Separate Apartment for Super on the left side of the building
- 17x Unit Building, All One Bedroom Apartments
- 4 Floor Walk-Up
- Room for a larger cap rate as tenants leave
- Located high on the hill, surrounded by beautiful homes
Listing Contacts
Interstate Home
Listed by Interstate Home
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$201,379.00
$16,781.58/mo
Valuation Metrics
0
DSCR
8.95%
Cap Rate
8.95%
ROI
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