Listing Courtesy of Re/Max Edge
$975,000
Staten Island, NY 10304
MLS# 2402793
2728 sqft
1 / 4
Property Description
This mixed-use commercial building offers an enticing investment opportunity with a diverse income stream. Building 25x50, lot 25x100 , With a newly renovated grocery shop generating $2500, spacious residential units yielding $2150-$1175 each, and potential for market rent increase to $90,000 within two years, it could be promises significant returns. Its prime location near transportation hubs, near Staten Island train station and bus lines S76; S81; S51, 10 minutes to the Verrazano-Narrows Bridge, major banks, and commercial hotspots further solidifies its appeal. Zoned C4-2 and boasting a manageable land tax of $4469, this property presents the ideal blend of income potential and strategic positioning for savvy investors seeking the rental king of their dreams.
Details
Maps
Address/Legal
Street No.: 92
Street Name: Canal
Street Suffix: Street
County: Richmond
State: NY
Zip Code: 10304
Area Name: Stapleton
Section: North Shore
Parcel ID: 00524-0014
Country: United States
Contract/Location Information
Listing Date: 2024-05-16
List Price: $975,000
Current Price: $975,000
Sub-Type: Commercial
List Price/SqFt: 357.4
Sale/Lease: Sale
Zoning: C-4-2
Block: 00524
Lot: 0014
CofO: No
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: 4469
Tax Abated: No
Lot Size SqFt: 2500
Lot Dim: 25x100
Irregular: No
Building SqFt: 2728
Condition: Excellent
Air Conditioner: Units
# of Residential Units: 2
# of Commercial Units: 1
Public Remarks: This mixed-use commercial building offers an enticing investment opportunity with a diverse income stream. Building 25x50, lot 25x100 , With a newly renovated grocery shop generating $2500, spacious residential units yielding $2150-$1175 each, and potential for market rent increase to $90,000 within two years, it could be promises significant returns. Its prime location near transportation hubs, near Staten Island train station and bus lines S76; S81; S51, 10 minutes to the Verrazano-Narrows Bridge, major banks, and commercial hotspots further solidifies its appeal. Zoned C4-2 and boasting a manageable land tax of $4469, this property presents the ideal blend of income potential and strategic positioning for savvy investors seeking the rental king of their dreams.
Status Change Info
Status: Active
Building Info
Building Available SqFt: 1250
Retail Available SqFt: 1250
Sprinklers: No
Income & Expenses
Gross Income: 70000
Total Expense: 18000
Net Income: 52000
Property Features
Electric Meters: Individual
Gas Meters: Individual
Electric: 220
Features: Mixed Use
Construction: Other
Parking: Street
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.