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31365115
31365152

70 Hancock Street, Staten Island, NY 10305

MG
NY 10401340435
Robert Defalco Realty
DITOMMASO REAL ESTATE NJ, INC
Listed by Robert Defalco Realty, DITOMMASO REAL ESTATE NJ, INC
$7,599,900
127 days on market
Updated 66 days ago

70 Hancock Street

Details
APN 03342-0021
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 13,197
Cap Rate 6.76%
NOI $513,988
Year Built 1975
Buildings 1
Acreage 0.280
Zoning R3-2
Parking Spaces 4 spaces
Parking Per SqFt 0.30

Multifamily | 6.76% CAP

Marketing description

Once-in-a-lifetime investment opportunity with this all-brick, 27-unit multifamily building in the heart of Dongan Hills. The property features 18 one-bedroom duplexes with vaulted ceilings and 9 studios, offering a desirable unit mix with strong tenant demand. Each apartment is separately metered for electric, with a shared heating system that helps keep expenses low. Ideally located just minutes from Hylan Boulevard and Richmond Road, with shopping, dining, and the Staten Island Railroad plus other transit options only steps away, this is a highly tenant-friendly property. Currently grossing 657,000 annually with low operating expenses and room for growth. The building is not rent stabilized, giving investors greater income flexibility. A true once-in-a-lifetime chance to secure a stable, income-producing property in one of Staten Island's most desirable neighborhoods—perfect for both long-term growth and immediate cash flow.
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Listing Contacts

MG
NY 10401340435
Robert Defalco Realty
DITOMMASO REAL ESTATE NJ, INC
Listed by Robert Defalco Realty, DITOMMASO REAL ESTATE NJ, INC

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$513,988.00
$42,832.33/mo

Valuation Metrics

0
DSCR
6.76%
Cap Rate
6.76%
ROI

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Additional Information

Name
Monica Girgis
License
10401340435
Brokerage
Robert DeFalco Realty
Brokerage Phone
7189877900
Brokerage Address
1678 Hylan Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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