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98 Montgomery Ave 2 Unit Apartment Building $835,725 CAD ($417,862 CAD/Unit) 8.16% Cap Rate Staten Island, NY 10301
INVESTMENT HIGHLIGHTS
- Priced to Sell at $599,000 with Projected NOI% of 8%!
- Located in St George with easy access to Manhattan. Walking distance to the Staten Island Ferry!
- Reconstructed in 2013 (new electricity, plumbing HVAC) and Unit 1 just renovated! Zoned R5 Higher Density for resale value!
EXECUTIVE SUMMARY
Priced to Sell at $599,000 with Projected NOI% of 8%!
Great Investment Opportunity with Excellent Cash Flow! - Projected rental income of $55,000-$60,000;
Full reconstruction in 2013 (electricity, pluming, HVAC, etc.);
Unit 1 Renovated 2025
RESALE / REDEVELOPMENT VALUE!!! Zoned R5 which allows a variety of housing at a higher density.
Two family fully detached property 4BR / 2 BA; Separate meters for gas, electric, water/sewer
Located in St George with easy access to Manhattan. Walking distance to the Staten Island Ferry!
Great Investment Opportunity with Excellent Cash Flow! - Projected rental income of $55,000-$60,000;
Full reconstruction in 2013 (electricity, pluming, HVAC, etc.);
Unit 1 Renovated 2025
RESALE / REDEVELOPMENT VALUE!!! Zoned R5 which allows a variety of housing at a higher density.
Two family fully detached property 4BR / 2 BA; Separate meters for gas, electric, water/sewer
Located in St George with easy access to Manhattan. Walking distance to the Staten Island Ferry!
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $835,725 CAD | Building Class | C |
| Price Per Unit | $417,862 CAD | Lot Size | 0.05 AC |
| Sale Type | Investment | Building Size | 1,837 SF |
| Cap Rate | 8.16% | Average Occupancy | 50% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1920/2015 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R5 - R5 districts allow a variety of housing at a higher density than permitted in R3-2 and R4 districts. | ||
| Price | $835,725 CAD |
| Price Per Unit | $417,862 CAD |
| Sale Type | Investment |
| Cap Rate | 8.16% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 1,837 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built/Renovated | 1920/2015 |
| Opportunity Zone |
Yes |
| Zoning | R5 - R5 districts allow a variety of housing at a higher density than permitted in R3-2 and R4 districts. |
1 1
Walk Score®
Walker's Paradise (92)
Transit Score®
Excellent Transit (81)
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Multi Family Properties
98 Montgomery Ave
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