2 Decker Avenue
Property Description
Prime 8 Family Investment Opportunity. 100% Leased Turn-Key Asset with Cap Rate / ROI: Over 7%. Gross Annual Income: $217,176. An exceptionally stable, high-yield mixed-use property in a high-demand Staten Island location. Built on a commanding 38' x 100' footprint spanning 11,400 sq. ft., this fully brick, low-maintenance building is 100% occupied and features a perfectly balanced mix of multi-family housing and long-term retail anchors. Guaranteed Multi-Family Income: 8 fully leased, rent-stabilized apartments (4 two-bedroom and 4 one-bedroom units) providing exceptional tenant retention and legal, predictable rent rolls - Anchored - 100% Inflation-Protected Compound Growth: Highly rare lease structures where every single residential and commercial tenant in the building has a built-in 3% annual rent escalation clause, guaranteeing compound revenue growth across the entire asset - Strong Net Financials: Gross Income of $217,176/year against low operating expenses of $62,600/year (Taxes: $34k, Utilities/Ins/Maint: $28.6k). Situated on a high-visibility corner with excellent foot traffic, immediate transit access, and strong neighborhood demographics, this turn-key asset is an ideal fit for 1031 exchange buyers or portfolio expansion.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,950,000 |
| No. of Units: | 8 |
| Year Built: | 1931 |
| Lot Size: | 11,400.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $243,750 |
| Property Website | Click Here |
| Number of Bedrooms: | 12 |
| Number of Bathrooms: | 8 |
ID: 3yd-BMLSNY-505072
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