16-18 Butler Terrace, Staten Island, NY 10301

$1,750,000 4F - 10301
10 Beds
4 Baths
414.3Building Sqft
7695Lot Sqft
Residential Income
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About 16-18 Butler, Staten Island

Prime Multi-Family Investment Opportunity! Discover an exceptional investment opportunity with this updated multi-family property in the New Brighton neighborhood of Staten Island. Featuring four units in excellent condition: Two (3) bedroom units and two (2) bedroom units. Each unit is individually metered, offering convenience and efficiency for tenants. Situated on a street-to-street lot, this property was renovated in 2022, ensuring modern amenities and quality finishes throughout. Key highlights: four units in excellent condition, individually metered units, value-add potential, includes two additional rental garages, providing an attractive value-add opportunity for increased revenue. Street-to-Street Property, Butler Terrace to Brighton Ave with an impressive return: Gross income is $169k+ with a Net Operating Income (NOI) exceeding $139,000 annually, this property promises strong cash flow and a solid return on investment.

Facts & Features

Subtype 4F
County Richmond
Lot Size Sqft 7695
# of Garages 4
Basement Type Full
Tax Abated No
List Price per Sqft $414.3
Bedrooms 10
Total Bathrooms 4
Zoning R3-2
Electric 220 Volts
Heating System Hot Water
Air Conditioner Units
Area New Brighton
Condition Good
Lot Dim 44 x 48
Taxes 10325
Year Built 1901
Building Sqft 414.3
Full Baths 4
Siding Stucco
Sewer City
Heating Source Natural Gas
# of Heating Units 4