Listing Courtesy of Robert DeFalco Realty, Inc.
$1,750,000
Staten Island, NY 10306
MLS# 2401460
2400 sqft
1 / 10
Property Description
Incredible investment opportunity being offered for the first time in over 30 years, 95-97 Lincoln Ave is a 4 units commercial property comprising 2 buildings located in a highly trafficked area of Grant City, Staten Island. This property is situated on a 4,212 Zoned C1-1/R3-2 lot and features a total of 4,800 SF of built commercial space with parking in the rear. Currently, all 4 units are tenant-occupied with active leases in place, and tenants are responsible for covering all utility expenses, making it an attractive income-generating asset from day one. The leases feature 4% yearly increases to offer the new owner great future stability. This building's location is in close proximity to public transportation, including the nearby BUS lines S51 and S81, as well as the SIR Grant City Station. The property's location not only makes a sound financial investment for the next owner but a great location for any long term tenant to flourish.
Details
Maps
Address/Legal
Street No.: 95-97
Street Name: Lincoln
Street Suffix: Avenue
County: Richmond
State: NY
Zip Code: 10306
Area Name: Grant City
Section: Mid-Island
Parcel ID: 03581-0135
Contract/Location Information
Listing Date: 2024-03-19
List Price: $1,750,000
Current Price: $1,750,000
Sub-Type: Commercial
List Price/SqFt: 729.17
Sale/Lease: Sale
Zoning: R3-2
Block: 03581
Lot: 0135
CofO: Yes
List Type: Exclusive Right to Sell
Owner Finance: No
General Property Info
# of Buildings: 1
Stories: 1
Year Built: 1980
Year Built Info: Approx
Taxes: 16515
Tax Abated: No
Lot Size SqFt: 2106
Lot Dim: 18 X 117
Irregular: No
Building SqFt: 2400
Condition: Good
# of Parking Spaces: 6
Air Conditioner: Central
Lease Purchase: No
# of Commercial Units: 2
Public Remarks: Incredible investment opportunity being offered for the first time in over 30 years, 95-97 Lincoln Ave is a 4 units commercial property comprising 2 buildings located in a highly trafficked area of Grant City, Staten Island. This property is situated on a 4,212 Zoned C1-1/R3-2 lot and features a total of 4,800 SF of built commercial space with parking in the rear. Currently, all 4 units are tenant-occupied with active leases in place, and tenants are responsible for covering all utility expenses, making it an attractive income-generating asset from day one. The leases feature 4% yearly increases to offer the new owner great future stability. This building's location is in close proximity to public transportation, including the nearby BUS lines S51 and S81, as well as the SIR Grant City Station. The property's location not only makes a sound financial investment for the next owner but a great location for any long term tenant to flourish.
Status Change Info
Status: Active
Building Info
Building Available SqFt: 2400
Sprinklers: No
Income & Expenses
Gross Income: 76800
Total Expense: 27000
Net Income: 49800
Property Features
Electric Meters: Individual
Gas Meters: Individual
Electric: 220
Features: Other
Construction: Concrete Block
Parking: Street
Use Restrictions: None
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.
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