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$ 1,700,000
Est. payment | /mo
6,300 SqFt
$ 1,700,000
Est. payment | /mo
6,300 SqFt
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,300 sqft
Price per Sqft $269
MLS Listing ID 2501579
Originating Board Staten Island Multiple Listing Service
Year Built 1931
Annual Tax Amount $19,548
Lot Size 4,750 Sqft
Acres 0.11
Lot Dimensions 4750
Property Sub-Type Commercial
Property Description
This six-unit multifamily property presents a compelling value-add investment in the rapidly developing Van Duzer corridor of Staten Island. With significant upside potential, this asset offers an opportunity to reposition the property and increase revenue through strategic rent Optimization. The pro forma cap rate of 10.27 highlights the strong investment potential, driven by under-market rents and operational efficiencies. With a targeted repositioning strategy, investors can unlock substantial NOI growth, enhancing both cash flow and long-term Appreciation. Located in a high-demand rental market, the property benefits from proximity to transportation, dining, and retail amenities, ensuring strong tenant demand. This is an ideal
opportunity for an investor seeking to maximize yield through a proven value-add strategy in an evolving submarket.
opportunity for an investor seeking to maximize yield through a proven value-add strategy in an evolving submarket.
Location
State NY
County Richmond
Area Tompkinsville
Zoning R3-2 / C1
Interior
Heating Forced Air, Natural Gas
Exterior
Parking Features Street
Building
Story 2
Sewer City
Level or Stories 2
Structure Type Other
New Construction No
Others
Tax ID 00518-0004
Listed ByOzana Realty Group