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$ 1,600,000
Est. payment | /mo
5 Baths
5,130 SqFt
$ 1,600,000
Est. payment | /mo
5 Baths
5,130 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,130 sqft
Price per Sqft $311
MLS Listing ID 11547329
Full Baths 5
Year Built 1931
Annual Tax Amount $10,862
Lot Size 100 Sqft
Property Description
VACANT 18 SRO/hotel rooms over a huge commercial first floor. the property will come with the lots to the left and right. the property also features a full basement with 10 foot ceilings. situated right near the boardwalk. 3 minutes from the Verrazano bridge. projected 22.8% CAP POST REHAB!!!!! The long: Introducing an amazing investment opportunity in Staten Island, just a stone's throw away from the Verrazano Bridge! This mixed-use building offers an ideal blend of residential and commercial spaces in a bustling neighborhood. Situated in a high-demand area, it presents an exceptional chance to capitalize on both residential and commercial ventures. With the entire building currently vacant, there's plenty of room for your creative vision. It's already undergone some rehabilitation, and with a full basement included, there's ample space for expansion or storage. Plus, the sturdy foundation ensures long-lasting durability. What's more, this property boasts an outstanding over 19.8% capitalization rate (CAP), making it an incredibly lucrative opportunity. But wait, there's more - the rooftop is equipped with solar panels for energy efficiency, and there's even a convenient driveway. Don't miss out on this fantastic chance to invest in a promising property with both sustainability and profitability! Most notably, this investment opportunity boasts an extraordinary over 21% capitalization rate (CAP), exemplifying its exceptional profitability and value proposition. With such a compelling rate of return, investors can rest assured that their investment will yield substantial dividends, making it a standout choice in today's market landscape. Don't miss out on the chance to capitalize on this remarkable investment opportunity in Staten Island's thriving real estate market. Whether you're a seasoned investor seeking to diversify your portfolio or a newcomer looking for a promising venture, this property offers the perfect combination of potential and profitability. Seize the opportunity to secure your financial future and make this property your next successful investment endeavor! Price Can Be Reduced If Only One Lot Is WantedPleaseInquire
Location
State NY
County 36085
Rooms
Basement Full
Dining Room 0
Kitchen 0
Exterior
Parking Features Detached
Garage Spaces 8.0
Building
Story 3
Sewer Municipal
Water Municipal
Structure Type Masonry - Brick