$4,900,000
Staten Island, NY 10303
MLS# 1153856
15142 sqft
1 / 14
Property Description
Incredible opportunity for an investor to own 2 massive lots totaling 22,550 square feet, right on Richmond Terrace in the heart of Elm Park. The land is currently occupied by a pair of auto body shops, and is being rented out by Caliber Collisions for 15,500 per month -- as well as a smaller unit, which is occupied by Bones Auto Body, and goes for 3000 per month. Caliber Collisions occupies 3 units between both buildings and is currently 3 years into a 10 year long true, triple net lease. This lease includes a 5 per cent increase every 5 years as well as two 5 year options to renew with the same terms. Total rent roll for the building is 18,500. Both 2550 & 2560 Richmond Terrace are on separate lots but are being sold together. All inquiries and showings thru listing agents.
Details
Maps
Address/Legal
Section: North Shore
Country: United States
Contract/Location Information
List Price/SqFt: 323.6
Sale/Lease: Sale
CofO: Yes
List Type: Exclusive Right to Sell
Owner Finance: No
General Property Info
# of Buildings: 2
Stories: 2
Taxes: 36212
Tax Abated: No
Lot Size SqFt: 22550
Year Built Info: Approx
Lot Dim: 70 X 164 AND 150 X 74
Irregular: Yes
Air Conditioner: Central
Condition: Excellent
Garage Capacity: 6
# of Parking Spaces: 0
Lease Purchase: No
# of Residential Units: 0
# of Commercial Units: 4
# of Mfg Units: 0
# of Medical Units: 0
# of Non-Conform Units: 0
Public Remarks: Incredible opportunity for an investor to own 2 massive lots totaling 22,550 square feet, right on Richmond Terrace in the heart of Elm Park. The land is currently occupied by a pair of auto body shops, and is being rented out by Caliber Collisions for 15,500 per month -- as well as a smaller unit, which is occupied by Bones Auto Body, and goes for 3000 per month. Caliber Collisions occupies 3 units between both buildings and is currently 3 years into a 10 year long true, triple net lease. This lease includes a 5 per cent increase every 5 years as well as two 5 year options to renew with the same terms. Total rent roll for the building is 18,500. Both 2550 & 2560 Richmond Terrace are on separate lots but are being sold together.
All inquiries and showings thru listing agents.
Year Built: 1931
Building SqFt: 15142
Sewer
City: 1
Electric
220: 1
Showing Instructions
Call Agent: 1
Heat Source
Gas: 1
Heat System
Hot Water: 1
Electric Meters
Mixed: 1
Gas Meters
Mixed: 1
Parking
On Street: 1
Income & Expense
Gross Income: 216000
Total Expense: 0
Net Income: 216000
Features
Garage/Service Station: 1
Office/Warehouse: 1
Other: 1
Building Info
Building Available SqFt: 15142
Sprinklers: No
Construction
Concrete Block: 1
AddressLegal
Street No.: 2550/2560
Street Name: Richmond
Street Suffix: Terrace
County: Richmond
State: NY
Zip Code: 10303
Area Name: Elm Park
Parcel ID: 01150-37/41
ContractLocation Information
Status: Active
Marketing/Listing Date: 2022-04-13
List Price: $4,900,000
Current Price: $4,900,000
Sub-Type: Commercial
Zoning: M3-1
Block: 01150
Lot: 37/41
Property Features
Electric Meters: Mixed
Gas Meters: Mixed
Heat Source: Gas
Heat System: Hot Water
Showing Instructions: Call Agent
Electric: 220
Features: Garage/Service Station; Office/Warehouse; Other
Construction: Concrete Block
Parking: On Street
Listing Courtesy of Zaloom Real Estate
Listing data provided courtesy of Staten Island Multiple Listing Service. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.