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646-662 Port Richmond Ave
Staten Island, NY 10302 Elm Park

$10,800,000 USD

Apartments For Sale  •  27,152 SF

Property Details

  • Property Type Apartments
  • Total Building Size 27,152 SF
  • Lot Size 0.83 AC
  • Building Class C
  • Year Built 1974
  • Cap Rate 6.71 %
  • Zoning R3A
70 Transit Score
70 Walk Score

Highlights

**STANDOUT OPPORTUNITY: THIS BUILDING IS NOT RENT STABILIZED**, OFFERING A CURRENT GROSS RENTAL INCOME OF $1,007,423 !!
LOCATED ON A 200' X 180' LOT WITH 39 PRIVATE PARKING SPACES
THIS BUILDING INCLUDES 1 LARGE OFFICE, 13 TWO-BEDROOM APARTMENTS, 17 ONE-BEDROOM APARTMENTS, AND 12 STUDIO APARTMENTS.
LOCATED IN THE HIGHLY CONVENIENT PORT RICHMOND NEIGHBORHOOD, THE PROPERTY BENEFITS FROM EASY ACCESS TO LOCAL CITY BUSES TO BROOKLYN & MANHATTAN,
Are You Looking for an Income Generating Property? THIS IS YOUR OPPORTUNITY TO BE A PROPRIETOR IN THE CITY OF NY CURRENTLY COLLECTING $1M IN RENT

Financial Summary (Actual)

Net Operating Income: $724,423 USD (2025)
Cap Rate: 6.71 %
Total Expenses: $283,000 USD

Major Tenants

Tenant SF Occupied Lease End Date
Da Marc Realty - 646 Port Richmond Ave

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Cable Ready
  • Controlled Access
  • Laundry Facilities
  • Microwave
  • Tenant Controlled HVAC
  • Heating
  • Wi-Fi
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Tub/Shower
  • Maintenance on site
  • Freezer
  • Public Transportation
  • Walk-Up
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
Stapleton (Staten Island Railway - New York MTA Subway (The Subway)) 13 min - 4.3 mi
Grasmere (Staten Island Railway - New York MTA Subway (The Subway)) 11 min - 5.6 mi
AirportDriveWalkDistance
Newark Liberty International 17 min - 10.8 mi
LaGuardia 43 min - 25.5 mi
John F Kennedy International 42 min - 28.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 39
Type: Surface
Included in Rent: Yes
Anthony DeFalco 718-979-3412 Neuhaus Realty
Anthony DeFalco 718-979-3412 Neuhaus Realty