Listing Courtesy of Compass Realty Central Inc.
$1,500,000
Staten Island, NY 10304
MLS# 1164186
7650 sqft
1 / 8
Property Description
Located amidst the hustle and bustle of Downtown Staten Island this legal 6 unit building has lots to offer. There are 4 Residential Units and 2 Commercial Units. Level 1- Restaurant occupying both retail units recently underwent total renovation. Full basement for storage. Level two offers 2- 1 bedrooms and Level 3 offers 2 - 3 bedrooms. All utilities separated. Short distance to St George Ferry and North Shore developments. Three minute walk to train local and express buses and most errands. Property cap rate with present income is over 5% however there is potential room for growth of up to 14% cap rate!!!! Call for more details.
Details
Maps
Address/Legal
Street No.: 661-663
Street Name: Bay
Street Suffix: Street
County: Richmond
State: NY
Zip Code: 10304
Area Name: Stapleton
Section: North Shore
Parcel ID: 00496-0110
Contract/Location Information
Listing Date: 2023-09-07
List Price: $1,500,000
Current Price: $1,500,000
Sub-Type: Commercial
List Price/SqFt: 196.08
Sale/Lease: Sale
Zoning: R4-C22
Block: 00496
Lot: 0110
CofO: Yes
List Type: Exclusive Right to Sell
Owner Finance: No
General Property Info
# of Buildings: 1
Stories: 3
Year Built: 1931
Year Built Info: Approx
Taxes: 33424
Tax Abated: No
Lot Size SqFt: 3182
Lot Dim: 49x81
Irregular: Yes
Building SqFt: 7650
Condition: Excellent
Air Conditioner: Units
# of A/C Units: 4
Lease Purchase: No
# of Residential Units: 4
# of Commercial Units: 2
Public Remarks: Located amidst the hustle and bustle of Downtown Staten Island this legal 6 unit building has lots to offer. There are 4 Residential Units and 2 Commercial Units. Level 1- Restaurant occupying both retail units recently underwent total renovation. Full basement for storage. Level two offers 2- 1 bedrooms and Level 3 offers 2 - 3 bedrooms. All utilities separated. Short distance to St George Ferry and North Shore developments. Three minute walk to train local and express buses and most errands. Property cap rate with present income is over 5% however there is potential room for growth of up to 14% cap rate!!!! Call for more details.
Status Change Info
Status: Active
Building Info
Building Available SqFt: 7650
Retail Available SqFt: 2450
Sprinklers: No
Income & Expenses
Gross Income: 128400
Total Expense: 46000
Net Income: 82400
Property Features
Electric Meters: Individual
Gas Meters: Individual
Electric: 220
Features: Mixed Use
Construction: Frame Brick
Parking: Street
Use Restrictions: None
Heat Source: Gas
Heat System: Hot Water
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.