$1,622,500
Staten Island, NY 10306
MLS# 2406557
Status: Closed
4824 sqft
1 / 7
Property Description
Income-Producing Property in Prime Grant City Location! Looking for an investment opportunity that checks all the boxes? This package deal in Grant City, Staten Island, offers not one, but two buildings with four separate tenants—each enjoying their own gas and electric meters (no shared headaches here). Each tenant space spans approximately 1,200 square feet, providing plenty of room for business. Built in 1980 and situated on a 4,212-square-foot lot, this property boasts R3-2 zoning and is perfectly positioned in a high-traffic area. Active leases are already in place, with built-in yearly rent increases for consistent growth. Add a strong 7.25 cap rate to the mix, and you'll see why this is an investment worth serious consideration. Location? It doesn't get better. The property is steps away from public transportation, including the S51 and S81 buses and the Staten Island Railroad. Whether you're a seasoned investor or just diving into the market, this property lets you start earning immediate returns after closing. With tremendous income potential and all the groundwork already laid, why wait? Schedule a viewing today!
Details
Maps
Address/Legal
Section: Mid-Island
Country: United States
Contract/Location Information
List Price/SqFt: 362.77
Sale/Lease: Sale
CofO: Yes
List Type: Exclusive Right to Sell
Owner Finance: No
General Property Info
# of Buildings: 2
Stories: 2
Taxes: 33458
Tax Abated: No
Lot Size SqFt: 4212
Year Built Info: Approx
Lot Dim: 36x117
Irregular: No
Air Conditioner: Units
# of A/C Units: 4
Condition: Excellent
Garage Capacity: 0
# of Parking Spaces: 6
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: Income-Producing Property in Prime Grant City Location!
Looking for an investment opportunity that checks all the boxes? This package deal in Grant City, Staten Island, offers not one, but two buildings with four separate tenants—each enjoying their own gas and electric meters (no shared headaches here). Each tenant space spans approximately 1,200 square feet, providing plenty of room for business.
Built in 1980 and situated on a 4,212-square-foot lot, this property boasts R3-2 zoning and is perfectly positioned in a high-traffic area. Active leases are already in place, with built-in yearly rent increases for consistent growth. Add a strong 7.25 cap rate to the mix, and you'll see why this is an investment worth serious consideration.
Location? It doesn't get better. The property is steps away from public transportation, including the S51 and S81 buses and the Staten Island Railroad.
Whether you're a seasoned investor or just diving into the market, this property lets you start earning immediate returns after closing. With tremendous income potential and all the groundwork already laid, why wait? Schedule a viewing today!
Year Built: 1980
Building SqFt: 4824
Status Change Info
Projected Close Date: 2025-07-13
Pending Date: 2025-05-13
Sold Date: 2025-08-01
Sold Price: $1,622,500
Sewer
City: 1
Electric
220: 1
Showing Instructions
Call Agent: 1
Heat Source
Gas: 1
Heat System
Hot Water: 1
Electric Meters
Individual: 1
Gas Meters
Individual: 1
Income & Expense
Gross Income: 170100
Total Expense: 45000
Net Income: 125100
Features
Other: 1
Building Info
Sprinklers: No
Construction
Concrete Block: 1
AddressLegal
Street No.: 95-97
Street Name: Lincoln
Street Suffix: Avenue
County: Richmond
State: NY
Zip Code: 10306
Area Name: Grant City
Parcel ID: 03581-0135
ContractLocation Information
Status: Closed
Marketing/Listing Date: 2024-11-25
Sold Price: $1,622,500
Current Price: $1,622,500
Sub-Type: Commercial
Zoning: R3-2 / C1
Block: 03581
Lot: 0135
Property Features
Electric Meters: Individual
Gas Meters: Individual
Heat Source: Gas
Heat System: Hot Water
Showing Instructions: Call Agent
Electric: 220
Features: Other
Construction: Concrete Block
Listing Courtesy of Coldwell Banker Advantage
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.