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97 Victory Blvd 4 Unit Apartment Building $2,087,400 CAD ($521,850 CAD/Unit) 7.38% Cap Rate Staten Island, NY 10301

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INVESTMENT HIGHLIGHTS

High Traffic Area
421-A Expires in 11 years
Incredibly well Maintained

Built 2009
Fully occupied

EXECUTIVE SUMMARY

97 Victory Blvd, built in 2009, is a below-replacement-cost, clean as-is mixed-use in the heart of St. George: 1 ground-floor retail storefront (restaurant tenant, ~7 years left with increases) + 4 apartments upstairs + a community-facility lower level used by the restaurant for storage. The building is well-maintained with no deferred maintenance and benefits from a remaining 421-a tax abatement(expiring in 2036) that lowers operating expenses and gives a clear forecast for future expenses. High-visibility Victory Blvd frontage, steady commuter/neighbor foot traffic, and walk-to-Ferry/courts location support durable cash flow. Upside is straightforward: preserve the stable restaurant income, mark apartments to market through light refreshes, and let the tax benefit enhance yield.

97 Victory Blvd OM Final

FINANCIAL SUMMARY (ACTUAL - 2025)	ANNUAL (CAD)	ANNUAL PER SF (CAD)
Gross Rental Income	$215,152	$54.65
Other Income	-	-
Vacancy Loss	$14,364	$3.65
Effective Gross Income	$200,788	$51.00
Taxes	$11,051	$2.81
Operating Expenses	$35,676	$9.06
Total Expenses	$46,727	$11.87
Net Operating Income	$154,061	$39.13

FINANCIAL SUMMARY (ACTUAL - 2025)

Gross Rental Income (CAD)
Annual	$215,152
Annual Per SF	$54.65

Other Income (CAD)
Annual	-
Annual Per SF	-

Vacancy Loss (CAD)
Annual	$14,364
Annual Per SF	$3.65

Effective Gross Income (CAD)
Annual	$200,788
Annual Per SF	$51.00

Taxes (CAD)
Annual	$11,051
Annual Per SF	$2.81

Operating Expenses (CAD)
Annual	$35,676
Annual Per SF	$9.06

Total Expenses (CAD)
Annual	$46,727
Annual Per SF	$11.87

Net Operating Income (CAD)
Annual	$154,061
Annual Per SF	$39.13

PROPERTY FACTS

Price	$2,087,400 CAD	Building Class	B
Price Per Unit	$521,850 CAD	Lot Size	0.06 AC
Sale Type	Investment	Building Size	3,937 SF
Cap Rate	7.38%	No. Stories	3
No. Units	4	Year Built	2009
Property Type	Multifamily	Parking Ratio	0.51/1,000 SF
Property Subtype	Apartment General Retail Restaurant General Retail Storefront General Retail Storefront Retail/Office	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R5/C2-1 - Mix-Use Zoning

Price	$2,087,400 CAD
Price Per Unit	$521,850 CAD
Sale Type	Investment
Cap Rate	7.38%
No. Units	4
Property Type	Multifamily
Property Subtype	Apartment General Retail Restaurant General Retail Storefront General Retail Storefront Retail/Office
Building Class	B
Lot Size	0.06 AC
Building Size	3,937 SF
No. Stories	3
Year Built	2009
Parking Ratio	0.51/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R5/C2-1 - Mix-Use Zoning

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Walk Score®

Walker's Paradise (92)

Transit Score®

Excellent Transit (78)

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PROPERTY TAXES

Parcel Number	00023-0055	Total Assessment	$391,267 CAD
Land Assessment	$43,528 CAD	Annual Taxes	$11,051 CAD ($2.81 CAD/SF)
Improvements Assessment	$347,739 CAD	Tax Year	2025