About 12-34 Court Street
This package deal includes two garden apartment buildings with a total of 24 units: one building has 16 units, and the other has 8 units. There is a total of 14 garages, with 10 built-in and 4 detached. The total square footage of the buildings is 31,250 square feet (24,800 square feet for the 16-unit building and 6,450 square feet for the 8-unit building). Both buildings are constructed of brick and feature large apartments with hardwood floors throughout. There are total (8 one bdr, 13 two bdr and 3 three bdr) apartments and are in an excellent condition. The current rent roll for the buildings is 751,068, generating a positive cash flow of 535,418. This indicates a capitalization rate (cap rate) exceeding 10 pct, which suggests a strong return on investment. Income and expenses breakdown available upon request.
Features of 12-34 Court Street
| MLS® # | 2504940 |
|---|---|
| Price | $5,200,000 |
| Bedrooms | 33 |
| Bathrooms | 24.00 |
| Full Baths | 24 |
| Square Footage | 31,250 |
| Acres | 0.75 |
| Year Built | 1947 |
| Type | Commercial Sale |
| Sub-Type | 9+F |
| Status | Active |
Community Information
| Address | 12-34 Court Street |
|---|---|
| Area | Stapleton |
| City | Staten Island |
| County | Richmond |
| State | NY |
| Zip Code | 10304 |
Amenities
| Has Pool | No |
|---|
Interior
| Heating | Steam, Natural Gas |
|---|---|
| Cooling | Units |
| Fireplace | No |
Exterior
| Exterior | Brick |
|---|---|
| Construction | Brick |
Additional Information
| Date Listed | August 22nd, 2025 |
|---|---|
| Days on Market | 51 |
| Zoning | R3-2 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Robert DeFalco Realty, Inc. |
|---|