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Mixed-use Building / $2,499,999 / 6.5 cap 868 Post Ave 5,160 SF Vacant Retail Building Staten Island, NY 10310 $2,499,999 ($484.50/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavy traffic area
- Corner lot on signalized intersection
- Apartment rents are below market
- Front Parking Lot
- Relatively new construction
- Fully occupied
EXECUTIVE SUMMARY
868 Post Ave is a well-built mixed-use building delivering a strong 6.5% cap rate. The ground floor level features five retail stores (450–600 sf) sized for easy rentals, while the second floor offers two spacious 3-bedroom apartments, currently leased to FHEP programs for stable income.
Constructed with block masonry, the building is relatively new requiring minimal maintenance. A dedicated front parking lot—a rare amenity in this neighborhood—adds significant value to the building and convenience for the retail tenants.
Situated on a high-visibility corner at a signalized intersection in Port Richmond, the corner property benefits from heavy vehicle and foot traffic and offers immediate access to NY-440 and the Bayonne Bridge for easy connectivity to New Jersey.
Constructed with block masonry, the building is relatively new requiring minimal maintenance. A dedicated front parking lot—a rare amenity in this neighborhood—adds significant value to the building and convenience for the retail tenants.
Situated on a high-visibility corner at a signalized intersection in Port Richmond, the corner property benefits from heavy vehicle and foot traffic and offers immediate access to NY-440 and the Bayonne Bridge for easy connectivity to New Jersey.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
5,160 SF
Building Class
B
Year Built
2020
Price
$2,499,999
Price Per SF
$484.50
Cap Rate
6.50%
NOI
$162,500
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.99
Lot Size
0.12 AC
Zoning
R3A/C2-1 - Residential with commercial overlay
Parking
7 Spaces (1.36 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Corner Lot
- Air Conditioning
Walk Score®
Walker's Paradise (91)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 00238-0094 | Improvements Assessment | $158,400 |
| Land Assessment | $93,600 | Total Assessment | $252,000 |
PROPERTY TAXES
Parcel Number
00238-0094
Land Assessment
$93,600
Improvements Assessment
$158,400
Total Assessment
$252,000
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Mixed-use Building / $2,499,999 / 6.5 cap | 868 Post Ave
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