360 Van Duzer Street, Staten Island, NY, USA

Staten Island, Staten Island

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Asking Price

$4,250,000

Building Size

14,475 GSF

Zoning

R3-2, R3X / C1-2

In-Place Gross Revenue

$294,098

Additional Miscellaneous Revenue

$17,871

Property Taxes after Benefit (24/25)

$7,301

Comprises a new construction three-story masonry mixed-use building spanning nearly 15,000 GSF above-grade and hosting 8 residential apartments above 3 ground-floor retail spaces
All apartments are configred as 2 BR layouts. One unit is Section 8, while the remainder are RS. Average residential rent in the building is $2,121/mo
Ground floor commercial space is leased to Tiny Treasures Academy until 2026 and is generating $90,491 gross annually
Hosts an 11-car off-street uncovered parking lot, additional storage space and a rear yard
Currently generates $312k gross annually
Property benefits from the AffordableNY (421a) tax exemption in year 6 of 35, substantially reducing OpEx for the foreseeable future
Located on a quiet residential street, but just a block from Bay Street, a key thoroughfare that’s home to dozens of stores, restaurants and other amenities
Convenient access across the borough via SIR train accessible a block away at Stapleton Station, and the Staten Island Ferry is two stops away via SIR
Turnkey investment opportunity with excellent stable cash flow and a low cost-basis in a frequently overlooked market