Listing Courtesy of Triolo Realty Group, Inc.
$1,099,000
Staten Island, NY 10305
MLS# 2402258
2400 sqft
1 / 34
Property Description
This exceptional mixed-use investment property, just minutes away from the Verrazzano Bridge, offers a compelling opportunity. It comprises a commercial storefront and two residential units within a 4,000 sq. ft. space encompassing two distinct buildings. The primary building, constructed entirely of brick, features a storefront equipped with an office kitchenette, two spacious rooms, and a half bath, alongside a full unfinished basement. The second floor of this building hosts a beautifully renovated apartment, showcasing a generous living room, dining area, kitchen, one bedroom, and a full bath complete with a washer and dryer. This apartment exudes elegance with its striking hardwood flooring in the expansive living room, tiled flooring in the kitchen and dining areas, and upgraded granite countertops and appliances. Nestled at the rear of the property is a charming frame cottage house spanning 27x34 sq ft. This fully renovated cottage offers two bedrooms, a full bath, a cozy living room, and an inviting eat-in kitchen, complemented by an unfinished basement. Noteworthy features include a tankless water heater, adding to the property's allure. With a robust 6.8% cap rate, this property promises excellent income potential. Whether you choose to rent out all units or utilize the space for your business while residing in one of the units, this property presents a versatile investment opportunity sure to captivate discerning investors.
Details
Maps
Documents
Address/Legal
Street No.: 159
Street Name: Sand
Street Suffix: Lane
County: Richmond
State: NY
Zip Code: 10305
Area Name: Arrochar
Section: Mid-Island
Parcel ID: 03108-0001
Country: United States
Contract/Location Information
Listing Date: 2024-04-23
List Price: $1,099,000
Current Price: $1,099,000
Sub-Type: Commercial
List Price/SqFt: 457.92
Sale/Lease: Sale
Zoning: R3-1
Block: 03108
Lot: 0001
CofO: Yes
List Type: Exclusive Right to Sell
Owner Finance: No
General Property Info
# of Buildings: 2
Stories: 2
Year Built: 1945
Year Built Info: Approx
Taxes: 5951
Tax Abated: No
Lot Size SqFt: 4000
Lot Dim: 40x100
Irregular: No
Building SqFt: 2400
Condition: Excellent
# of Parking Spaces: 3
Air Conditioner: Units
Lease Purchase: No
# of Residential Units: 2
# of Commercial Units: 1
Public Remarks: This exceptional mixed-use investment property, just minutes away from the Verrazzano Bridge, offers a compelling opportunity. It comprises a commercial storefront and two residential units within a 4,000 sq. ft. space encompassing two distinct buildings.
The primary building, constructed entirely of brick, features a storefront equipped with an office kitchenette, two spacious rooms, and a half bath, alongside a full unfinished basement. The second floor of this building hosts a beautifully renovated apartment, showcasing a generous living room, dining area, kitchen, one bedroom, and a full bath complete with a washer and dryer. This apartment exudes elegance with its striking hardwood flooring in the expansive living room, tiled flooring in the kitchen and dining areas, and upgraded granite countertops and appliances.
Nestled at the rear of the property is a charming frame cottage house spanning 27x34 sq ft. This fully renovated cottage offers two bedrooms, a full bath, a cozy living room, and an inviting eat-in kitchen, complemented by an unfinished basement. Noteworthy features include a tankless water heater, adding to the property's allure.
With a robust 6.8% cap rate, this property promises excellent income potential. Whether you choose to rent out all units or utilize the space for your business while residing in one of the units, this property presents a versatile investment opportunity sure to captivate discerning investors.
Status Change Info
Status: Active
Building Info
Building Available SqFt: 2400
Sprinklers: Yes
Income & Expenses
Gross Income: 99732
Total Expense: 24487
Net Income: 75245
Property Features
Electric Meters: Individual
Gas Meters: Individual
Electric: 220
Features: Apartment; Mixed Use
Construction: Concrete Block; Frame
Parking: Private
Use Restrictions: None
Heat Source: Gas
Heat System: Hot Water
Showing Instructions: Call Agent
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