16-18 Butler Terrace, Staten Island, NY 10301
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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 |