Additional details

$1,299,900

Est. payment - /mo

12 Beds

4 Baths

3,472 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,472 sqft

Price per Sqft $374

MLS Listing ID 2602257

Style Colonial

Bedrooms 12

Full Baths 4

Construction Status Good

HOA Y/N No

Year Built 1930

Annual Tax Amount $10,259

Lot Size 8,888 Sqft

Acres 0.2

Lot Dimensions 88x101

Property Sub-Type Quadruplex

Source Staten Island Multiple Listing Service

Property Description

Prime Four-Unit Investment with Expansion Potential - Port Richmond, Staten Island Rare opportunity to acquire two detached two-family buildings on an oversized 88 x 101 lot in the highly accessible Port Richmond section of Staten Island. Ideally positioned near major shopping corridors, public transportation, and key highway and bridge access points, this property is well-suited for both immediate cash flow and long-term value creation. Each building features two spacious five-room apartments, currently configured as 2-bedroom units with the potential for 3-bedroom layouts. Additional value is supported by full basements and walk-up attics, offering storage or future conversion possibilities. Projected gross annual income ranges from approximately 127,200 to 168,000, with estimated net income between 104,841 and 145,741 depending on final unit configuration—delivering an attractive projected cap rate between 7 and 10. Situated on a C2-1, R3-2, and R3A zoned lot, this property presents a compelling opportunity for expansion or redevelopment. With proper architectural planning, investors may unlock additional unit density and significantly increase overall returns. Property is being sold as-is and will be delivered fully vacant at closing, providing a clean slate for repositioning, renovation, or redevelopment.

Location

State NY

County Richmond

Area Port Richmond

Zoning C2-1-R3A

Rooms

Basement Full, Unfinished

Interior

Heating Natural Gas, Hot Water

Cooling Units

Exterior

Parking Features Off Street, On Street

Building

Lot Description Front Yard, Back Yard

Sewer Public Sewer

Architectural Style Colonial

Structure Type Stucco

New Construction No

Construction Status Good

Others

Tax ID 01140 - 76, 79

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Listed ByMartino Realty Group

Nearby School & Business

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John DeStefano

+1(347) 728-8359

Agent

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