Listing Courtesy of Re/Max Edge
$870,000
Staten Island, NY 10310
MLS# 2400864
3432 sqft
1 / 10
Property Description
Uncover an outstanding investment opportunity anchored by this expansive mixed-use building. The ground floor showcases a generous deli store, seamlessly paired with a sizable full basement, amplifying its versatility. Above, a spacious 4-bedroom apartment offers an additional income stream, further enhancing the property's value. Noteworthy is the autonomy given to tenants for their electricity and gas expenses, bolstering your profitability. With a commendable gross income of $73,500 and operational costs totaling $10,107, the property culminates in a robust net income of $63,393. Showcasing a cap rate surpassing 6%, the architectural footprint stands at 22' x 100' for the ground floor and 22' x 75' for the second floor.
Details
Maps
Address/Legal
Street No.: 718
Street Name: Henderson
Street Suffix: Avenue
County: Richmond
State: NY
Zip Code: 10310
Area Name: Randall Manor
Section: North Shore
Parcel ID: 175-1
Contract/Location Information
Listing Date: 2024-02-16
List Price: $870,000
Current Price: $870,000
Sub-Type: Commercial
List Price/SqFt: 253.5
Sale/Lease: Sale
Zoning: R-3-2
Block: 175
Lot: 1
CofO: Yes
List Type: Exclusive Right to Sell
Owner Finance: No
General Property Info
# of Buildings: 1
Stories: 2
Year Built: 1930
Year Built Info: Approx
Taxes: 17254
Tax Abated: No
Lot Size SqFt: 2500
Lot Dim: 25x100
Irregular: No
Building SqFt: 3432
Condition: Good
# of Garages: 1
# of Parking Spaces: 1
Air Conditioner: None
# of Residential Units: 1
# of Commercial Units: 1
Public Remarks: Uncover an outstanding investment opportunity anchored by this expansive mixed-use building. The ground floor showcases a generous deli store, seamlessly paired with a sizable full basement, amplifying its versatility. Above, a spacious 4-bedroom apartment offers an additional income stream, further enhancing the property's value. Noteworthy is the autonomy given to tenants for their electricity and gas expenses, bolstering your profitability. With a commendable gross income of $73,500 and operational costs totaling $10,107, the property culminates in a robust net income of $63,393. Showcasing a cap rate surpassing 6%, the architectural footprint stands at 22' x 100' for the ground floor and 22' x 75' for the second floor.
Status Change Info
Status: Active
Building Info
Building Available SqFt: 3432
Retail Available SqFt: 1716
Sprinklers: No
Income & Expenses
Gross Income: 73500
Total Expense: 18734
Net Income: 63393
Property Features
Electric Meters: Individual
Gas Meters: Individual
Electric: 110
Features: Apartment; Mixed Use; Retail
Construction: Frame
Parking: Private
Heat Source: Electric; Gas
Heat System: Hot Water
Showing Instructions: Show Direct
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.