$1,500,000
Staten Island, NY 10301
MLS# 2506567
3938 sqft
1 / 45
Property Description
97 Victory Blvd, built in 2009, is a below-replacement-cost, clean as-is mixed-use in the heart of St. George: 1 ground-floor retail storefront (restaurant tenant, ~7 years left with increases) + 4 apartments upstairs + a community-facility lower level used by the restaurant for storage. The building is well-maintained with no deferred maintenance and benefits from a remaining 421-a tax abatement(expiring in 2036) that lowers operating expenses and gives a clear forecast for future expenses. High-visibility Victory Blvd frontage, steady commuter/neighbor foot traffic, and walk-to-Ferry/courts location support durable cash flow. Upside is straightforward: preserve the stable restaurant income, mark apartments to market through light refreshes, and let the tax benefit enhance yield.
Details
Maps
Address/Legal
Section: North Shore
Country: United States
Contract/Location Information
List Price/SqFt: 380.9
Sale/Lease: Sale
CofO: Yes
List Type: Exclusive Right to Sell
Owner Finance: No
General Property Info
# of Buildings: 1
Stories: 3
Taxes: 7941
Tax Abated: Yes
Lot Size SqFt: 2715
Year Built Info: New
Lot Dim: 30x97
Irregular: Yes
Air Conditioner: Central
Condition: Excellent
# of Parking Spaces: 2
# Units: 5
# of Residential Units: 4
# of Commercial Units: 1
# of Mfg Units: 0
# of Medical Units: 0
# of Non-Conform Units: 0
Public Remarks: 97 Victory Blvd, built in 2009, is a below-replacement-cost, clean as-is mixed-use in the heart of St. George: 1 ground-floor retail storefront (restaurant tenant, ~7 years left with increases) + 4 apartments upstairs + a community-facility lower level used by the restaurant for storage. The building is well-maintained with no deferred maintenance and benefits from a remaining 421-a tax abatement(expiring in 2036) that lowers operating expenses and gives a clear forecast for future expenses. High-visibility Victory Blvd frontage, steady commuter/neighbor foot traffic, and walk-to-Ferry/courts location support durable cash flow. Upside is straightforward: preserve the stable restaurant income, mark apartments to market through light refreshes, and let the tax benefit enhance yield.
Cooling: Yes
Year Built: 2009
Building SqFt: 3938
Sewer
City: 1
Use Restrictions
None: 1
Electric
110: 1
Showing Instructions
Call Agent: 1
Heat Source
Gas: 1
Heat System
Other: 1
Expenses Include
Common Area Maintainence: 1
Insurance: 1
Janitorial: 1
Property Management: 1
Taxes: 1
Utilities: 1
Electric Meters
Individual: 1
Gas Meters
Individual: 1
Parking
Off Street: 1
On Street: 1
Garage Location
None: 1
Income & Expense
Gross Income: 154608
Total Expense: 43901
Net Income: 110707
Insurance Expense: 9500
Maintenance Expense: 5919
Manager Expense: 4638
Cap Rate: 7.38
Features
Apartment: 1
Mixed Use: 1
Restaurant: 1
Retail: 1
Building Info
Sprinklers: No
Construction
Steel: 1
AddressLegal
Street No.: 97
Street Name: Victory
Street Suffix: Boulevard
County: Richmond
State: NY
Zip Code: 10301
Area Name: St. George
Parcel ID: 00023-0055
ContractLocation Information
Status: Active
Marketing/Listing Date: 2025-11-10
List Price: $1,500,000
Current Price: $1,500,000
Sub-Type: Commercial
Zoning: R5
Block: 00023
Lot: 0055
Property Features
Electric Meters: Individual
Garage Location: None
Expenses Include: Common Area Maintainence; Insurance; Janitorial; Property Management; Taxes; Utilities
Gas Meters: Individual
Use Restrictions: None
Heat Source: Gas
Heat System: Other
Showing Instructions: Call Agent
Electric: 110
Features: Apartment; Mixed Use; Restaurant; Retail
Construction: Steel
Parking: Off Street; On Street
Listing Courtesy of Ozana Realty Group
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.