LOW TAX BILL - 3 HOUSES -OUTSTANDING INCOME

3 Unit Apartment Building | $1,600,000 ($533,333/Unit) | 8.16% Cap Rate | Staten Island, NY 10304

Asking Price $1,600,000

Property Type: Multifamily
Square Feet: 2,880 SF

Listing Contacts

Avraham Birnbaum

Verified Profile

Property Info

Property Overview

Investment Opportunity: Fully Attached Single-Family Homes in Tompkinsville, Staten Island
Location: Tompkinsville, Staten Island, NY
Price: Contact for Details
Explore an exceptional investment opportunity with three fully attached single-family homes, located on a single tax lot in the vibrant neighborhood of Tompkinsville, Staten Island. Each property features 5 spacious bedrooms and 1 bathroom, offering ample living space ideal for families and maximizing rental income potential.
These homes benefit from a collective annual tax expense of under $5,000, making for a cost-effective investment with enhanced profitability. Currently, they generate $130,000 in Net Operating Income (NOI), with additional upside potential for increased rental revenue through strategic improvements.
Tompkinsville is a highly sought-after neighborhood known for its rich history and community atmosphere. Residents enjoy proximity to local parks, including the expansive Clove Lakes Park, which offers recreational activities and green spaces. The area is well-served by public transportation, providing convenient access to the Staten Island Ferry and other transit options. Additionally, Tompkinsville boasts a mix of charming local shops, restaurants, and cultural landmarks, adding to its appeal for prospective tenants.
This combination of low taxes, strong rental income, and the attractive features of Tompkinsville makes these properties a valuable addition to any investment portfolio.

Property Details

Year Built/Renovated: 1899/2022
Stories: 2
Property Subtype: Dormitory
Lot Size (sq. ft): 5,663 SF
Units: 3

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