Listing Courtesy of SI Premiere Properties
$1,799,888
Staten Island, NY 10306
MLS# 1164230
4000 sqft
1 / 54
Property Description
Midland Beach !! Investors delight. 5 total units on 1 tax lot being sold as package, . 857 Nugent 2 bedroom bungalow rented at 1550 ( projected rent 1800 monthly 859 Nugent Avenue 2 bedroom bungalow rented at 1600 (projected market rent 1800) 508 Midland which all nite long deli rented at 6000 monthly 1 bedroom apartment 2nd floor 1250 projected rent 1500 2 bedroom apartment rented for 1350( projected rent 1700. Gross Income is 1410000 expenses water $1944 flood insurance $5655 liability $7567 taxes $21347 Net income $ 104,487
Details
Maps
Address/Legal
Street No.: 508
Street Name: Midland
Street Suffix: Avenue
County: Richmond
State: NY
Zip Code: 10306
Area Name: Midland Beach
Section: Mid-Island
Parcel ID: 03740-0026
Contract/Location Information
Listing Date: 2023-09-11
List Price: $1,799,888
Current Price: $1,799,888
Sub-Type: Commercial
List Price/SqFt: 449.97
Sale/Lease: Sale
Zoning: R3-1
Block: 03740
Lot: 0026
CofO: Yes
List Type: Exclusive Right to Sell
Owner Finance: Yes
General Property Info
# of Buildings: 3
Stories: 2
Year Built: 1931
Year Built Info: Approx
Taxes: 23115
Tax Abated: No
Lot Size SqFt: 6420
Lot Dim: 60x107
Irregular: No
Building SqFt: 4000
Condition: Excellent
Air Conditioner: Units
Lease Purchase: No
# of Residential Units: 4
# of Commercial Units: 1
Public Remarks: Midland Beach !! Investors delight. 5 total units on 1 tax lot being sold as package, .
857 Nugent 2 bedroom bungalow rented at 1550 ( projected rent 1800 monthly
859 Nugent Avenue 2 bedroom bungalow rented at 1600 (projected market rent 1800)
508 Midland which all nite long deli rented at 6000 monthly
1 bedroom apartment 2nd floor 1250 projected rent 1500
2 bedroom apartment rented for 1350( projected rent 1700.
Gross Income is 1410000
expenses
water $1944
flood insurance $5655
liability $7567
taxes $21347
Net income $ 104,487
Status Change Info
Status: Active
Building Info
Building Available SqFt: 4000
Retail Available SqFt: 1000
Sprinklers: No
Income & Expenses
Gross Income: 141000
Total Expense: 36513
Net Income: 104487
Property Features
Electric Meters: Individual
Gas Meters: Individual
Electric: 220
Features: Mixed Use; Retail
Construction: Frame Brick; Other
Parking: Street
Expenses Include: Taxes; Utilities
Use Restrictions: Flood Zone
Heat Source: Gas
Heat System: Forced Air
Showing Instructions: Call Agent
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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.