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97 Victory Blvd 4 Unit Apartment Building $2,046,615 CAD ($511,654 CAD/Unit) 7.38% Cap Rate Staten Island, NY 10301
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 + 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.
Data Room Click Here to Access
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$210,949
|
$53.58
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$14,083
|
$3.58
|
| Effective Gross Income |
$196,865
|
$50.00
|
| Taxes |
$10,835
|
$2.75
|
| Operating Expenses |
$34,979
|
$8.88
|
| Total Expenses |
$45,814
|
$11.64
|
| Net Operating Income |
$151,051
|
$38.37
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $210,949 |
| Annual Per SF | $53.58 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $14,083 |
| Annual Per SF | $3.58 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $196,865 |
| Annual Per SF | $50.00 |
| Taxes (CAD) | |
|---|---|
| Annual | $10,835 |
| Annual Per SF | $2.75 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $34,979 |
| Annual Per SF | $8.88 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $45,814 |
| Annual Per SF | $11.64 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $151,051 |
| Annual Per SF | $38.37 |
Property Facts
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Walk Score®
Walker's Paradise (92)
Transit Score®
Excellent Transit (78)
Property Taxes
| Parcel Number | 00023-0055 | Total Assessment | $384,123 CAD |
| Land Assessment | $42,734 CAD | Annual Taxes | $10,835 CAD ($2.75 CAD/SF) |
| Improvements Assessment | $341,390 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
00023-0055
Land Assessment
$42,734 CAD
Improvements Assessment
$341,390 CAD
Total Assessment
$384,123 CAD
Annual Taxes
$10,835 CAD ($2.75 CAD/SF)
Tax Year
2025
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97 Victory Blvd
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