7-15 Highland

7-15 Highland Avenue, Staten Island, NY 10301

7-15 Highland Avenue (982 Victory Boulevard) | Silver Lake / Lower Grymes Hill, Staten Island Located in the highly desirable Silver Lake / Lower Grymes Hill section of Staten Island, 7-15 Highland Avenue (982 Victory Boulevard) presents a rare opportunity to acquire a modern, well-maintained 20-unit multifamily property with significant tax advantages, attractive in-place financing, and meaningful long-term upside potential. The property features 20 oversized apartments ranging from approximately 850 to 1,200 square feet, offering spacious layouts that are increasingly difficult to find in today's rental market. Current average rents are approximately 2,611 per month, providing stable in-place cash flow with additional potential for long-term rental growth in one of Staten Island's most desirable residential neighborhoods. Designed with both resident comfort and operating efficiency in mind, every apartment includes an in-unit washer and dryer. Residents also benefit from energy-efficient heating, cooling, and domestic hot-water systems designed to help control operating expenses. Additional amenities include dedicated cellar storage and off-street parking for 20 vehicles. Investment Highlights 20-unit modern multifamily property Average in-place rent of approximately 2,611 per month Oversized apartments ranging from approximately 850-1,200 SF 20 dedicated off-street parking spaces In-unit washers and dryers Dedicated cellar storage 35-year 421-a tax abatement with approximately 28 years remaining Assumable fixed-rate mortgage at approximately 4.3 Not subject to Good Cause Eviction Potential future development/value-enhancement opportunities Highly desirable Silver Lake / Lower Grymes Hill location Convenient access to parks, golf, transportation, shopping, dining, Brooklyn, and Manhattan 7-15 Highland Avenue represents a compelling opportunity to acquire a modern, income-producing multifamily asset with significant tax benefits, attractive assumable financing, strong physical characteristics, and potential long-term upside in one of Staten Island's premier residential neighborhoods. 7-15 highland is being sold as a package deal with adjacent lot 982 Victory blvd. Which can be developed into additional rental units to add on to your portfolio. Consult with your architect