DITOMMASO REAL ESTATE NJ, INC
Listed by DITOMMASO REAL ESTATE NJ, INC
$1,599,999
937 Forest Avenue
Details
APN 225-69
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 3,266
Units 5
Cap Rate 6.00%
NOI $117,453
Buildings 1
Acreage 0.100
Multifamily | 6.00% CAP | 5 Units
Marketing description
Rare opportunity to acquire a well-maintained 5 unit brick apartment building which is not subject to any stabilization laws. Located in a highly convenient Staten Island location. This income-producing property features five spacious 2-bedroom apartments, all occupied by stable, long-term tenants, providing immediate and consistent cash flow. The building offers all separate utilities for each unit, reducing owner expenses, along with minimal common areas for easy management and lower maintenance costs. Additional features include off-street parking Laundry on site Eliand a durable brick exterior. With a strong rental history and an over 6 pct capitalization rate, this property presents an excellent opportunity for investors seeking stable income and long term appreciation in a desirable Staten Island corridor. Conveniently located near shopping, restaurants, public transportation, and major roadways don't walk, run to this phenomenal opportunity.
Listing Contacts
DITOMMASO REAL ESTATE NJ, INC
Listed by DITOMMASO REAL ESTATE NJ, INC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$117,453.00
$9,787.75/mo
Valuation Metrics
0
DSCR
7.34%
Cap Rate
7.34%
ROI
Map
Zoning
R3-2 ResidentialTwo FamilyGeneral Residence
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View all 99 uses Last updated Apr 22, 2026 For deeper zoning details, reports are available at Zoneomics
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Property History
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