VACANT 18 ROOM SRO/HOTEL W/COMMERCIAL 1ST FL

19 Unit Apartment Building | $2,100,000 ($110,526/Unit) | 19.83% Cap Rate | Staten Island, NY 10305

Asking Price $2,100,000

Sale Condition: Build to Suit
Property Type: Multifamily
Square Feet: 8,283 SF

Listing Contacts

Avraham Birnbaum

Verified Profile

Yaakov Pliner

Verified Profile

Property Info

Property Overview

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 9 foot ceilings. situated right near the boardwalk. 3 minutes from the Verrazano bridge. owner can deliver the 18 rooms in ready to rent condition
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 16.5% 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 Wanted Please Inquire

Property Details

Class: C
Year Built/Renovated: 1931/2024
Stories: 3
Property Subtype: Storefront Retail/Residential, Office/Residential, Dormitory
Lot Size (sq. ft): 8,712 SF
Units: 19

Highlights

Fully VACANT
+19% CAP
SEMI-REHABBED
MIXED-USE
PRIME AREA
Full BASEMENT

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