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1256 Bay St 3 Unit Apartment Building $1,769,999 ($590,000/Unit) 9.66% Cap Rate Staten Island, NY 10305
INVESTMENT HIGHLIGHTS
- heavy foot traffic
- near train service
- near bus service
EXECUTIVE SUMMARY
Located along Staten Islands '' Bay Street Corridor'' the proximity to Brooklyn and NYC is impeccable. Steps from your front door lands you at bus service to Brooklyn and Staten Island ferry. Minutes to train station. Seconds to reasturants and cafe's nightlife couldn't be any closer. Not only is this Legally 3 unit building fully renovated its delivered vacant! Boasting over 4500 sq feet not including the full basement. Currently zoned R3A with C1-2 overlay this allows for additional expansion of 1400sq ft consult with your architect. 2 Loft style apartments feature 10ft ceilings hardwood floors 3 bedrooms and well configured layouts. Storefront is ideal for Urgent care, Starbucks, Grocery store, Gym, Boutique, Supply house, the possibilities go on. Basement can produce additional revenue for storage or office suites. Large yard complete the space making this a smart investment with a potential of 8-10 pct. cap rate. Start your investment journey right here.
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 2 | - | 1,260 |
1 1
Walk Score®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | 02857-0033 | Improvements Assessment | $75,016 |
| Land Assessment | $10,904 | Total Assessment | $85,920 |
PROPERTY TAXES
Parcel Number
02857-0033
Land Assessment
$10,904
Improvements Assessment
$75,016
Total Assessment
$85,920
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1256 Bay St
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