About 26-32 Narrows Rd S

14 unit apartment and 2 office space with 2 parking lots for sale! Meet your next investment opportunity at 26-32 Narrows Road South in Staten Island.A stone's throw away to the Verrazano Bridge you can be in Brooklyn in no time! Built in 1974, (this is NOT a rent stabilized building). The all brick building is comprised of: 14 apartments (ten 2 bedrooms and four studios), 2 office spaces, and 2 parking lots. Lot size 23,200 /sf, building 13,860/sf. Roof and windows are about 15 years old. Total annual expenses are $85,600, current net income $109,460 due to below market value rent roll. Potential income to be $321,200 based on 2023 rental market values.

Facts & Features

Street No. 26-32
Street Name Narrows
County Richmond
City Staten Island
State NY
Zip Code 10305
Area Name Concord
Parcel ID 03023-0028
List Price $4,450,000
Sub Type Other
Zoning R3-2
Block 03023
Lot 0028
Stories 2
Year Built 1974
Taxes $61,000
Lot Size SQFT 23,200
Lot DIM 271.08 x 175.58
Building Sq Ft 13860
# of Units 14
Garage Location None
Basement Type Full
# of Heating Units 1
Air Conditioner Central
Unit 1: Level 1
Unit 1: # Rooms 3
Unit 1: # Bedrooms 2
Unit 1: # Baths 1
Unit 1: Rent/Month 1350
Unit 2: Level 1
Unit 2: # Rooms 3
Unit 2: # Bedrooms 2
Unit 2: # Baths 1
Unit 2: Rent/Month 1650
Unit 3: Level 1
Unit 3: # Rooms 3
Unit 3: # Bedrooms 2
Unit 3: # Baths 1
Unit 3: Rent/Month 2100
Unit 4: Level 1
Unit 4: # Rooms 3
Unit 4: # Bedrooms 2
Unit 4: # Baths 1
Unit 4: Rent/Month 2100
Unit 5: Level 2
Unit 5: # Rooms 3
Unit 5: # Bedrooms 2
Unit 5: # Baths 1
Unit 5: Rent/Month 1350
Unit 6: Level 2
Unit 6: # Rooms 3
Unit 6: # Bedrooms 2
Unit 6: # Baths 1
Unit 6: Rent/Month 1650
Unit 7: Level 2
Unit 7: # Rooms 3
Unit 7: # Bedrooms 2
Unit 7: # Baths 1
Unit 7: Rent/Month 2100
Unit 8: Level 2
Unit 8: # Rooms 3
Unit 8: # Bedrooms 2
Unit 8: # Baths 1
Unit 8: Rent/Month 2100
Electric Meters Individual
Gas meters Individual
Sewer City
Electric 110
Gross Income $200,000
Total Expense $126,400
Net Income $73,600
Parking Assigned
Siding AllBrick
Heat Source Gas
Heat System ForcedAir

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Listing Office: American Homes Group