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Package Deal

Land | 12,500 SF

Listing Contacts

Active

Asking Price: $3,888,000
Address 

77 Thompson St, Staten Island, NY 10304

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Date Added
Jan 2, 2024
Days on Market
534 days
Time Since Last Update
133 days

Details

Property TypeLand, Mixed Use, Multifamily
SubtypeCommercial, Residential, land
Square Footage12,500
Net Rentable (sq ft)14,816
Price/Sq Ft$311.04
Cap Rate8.10%
NOI$315,000
Air Rights (sq ft)26,000
Units22
Year Built2007
Buildings3
Stories2
ZoningC4-2
Lot Size (sq ft)12,500
Sale Condition1031 exchange
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Marketing Description

Phenomenal opportunity to own 125ft frontage a total of 12,500 sq ft of C4-2 zoning in the heart of Stapleton the new revitalized corridor ! Opportunity zone eligible.​ Air rights total 8,500 sq ft offering tons of potential.​ This exclusive sale features 3 buildings, and a 4200 sq ft lot with C4-2 Zoning.​ Potential to build a 12 unit apartment building with air rights, please consult architect.​ 69 Thompson 5 - 1 bedroom apartments, commercial on first floor, full finished basement and yard.​ Rent stabilized units with tax abatement.​ 71 Thompson 4 - 2 bedroom apartments, 1 Studio and commercial space on first floor.​ Rent stabilized units with tax abatement.​ 73-75 Thompson 2 - 2 bedroom apartments, 4 Office suites with the potential to convert to residential apartments, 2 commercial spaces on first floor this building is free market rents !! All units have separate gas (heat and hot water) and electric meters, very low owner expenses.​ Please inquire for income and expenses.​

Investment Highlights

Phenomenal opportunity to own 125ft frontage a total of 12,500 sq ft of C4-2 zoning in the heart of Stapleton the new revitalized corridor ! Opportunity zone eligible. Air rights total 8,500 sq ft offering tons of potential.

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
> $315,000.00
$26,250.00/mo

Valuation Metrics

0
DSCR
8.1%
Cap Rate
8.1%
ROI
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Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

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Listing Contacts


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