Listed by RIPCO Real Estate
$3,700,000
360 Van Duzer Street
Details
Property Type Multifamily, Mixed Use
Sub Type Commercial, Apartment Building
Square Footage 14,745
Units 3
Tenancy Single
Lot Size (SqFt) 13,065
Zoning R3-2, R3X / C1-2
Parking Spaces 11 spaces
Parking Per SqFt 0.75
Multifamily | 3 Units
Marketing description
Ripco Investment Sales has been exclusively retained to arrange for the sale of 360 Van Duzer Street in the Stapleton Heights neighborhood of Staten Island, NY.
The property 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. The units feature beautiful condo-level finishes and large private balconies.
The entire ground floor commercial space is leased to Tiny Treasures Academy until 2026 and is generating $90,491 gross annually.
The property hosts an 11-car off-street uncovered parking lot, additional storage space and a rear yard.
The building currently generates $312k gross annually.
The property benefits from the Affordable NY (421a) tax exemption in year 6 of 35, substantially reducing OpEx for the foreseeable future
The property is 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. The property also benefits from convenient access across the borough via SIR train accessible a block away at Stapleton Station. The Staten Island Ferry is two stops away via Sir and provides quick access to Fidi, Manhattan.
360 Van Duzer Street presents an immaculate turnkey investment opportunity with excellent stable cash flow and a low cost-basis in a frequently overlooked market.
Investment highlights
- 14,745 Gsf Building Size ( Above-grade )
- 11 Spaces Uncovered Off-Street Parking
- 8 Apartments Fully Leased ( 7 RS, 1 Section 8 )
- 3 Commercial Units Leased to Single Tenant Until 2026
- 515 36 : Block Lot
- 13,065 SF Lot Size
- Zoning:R3-2,R3X / C1-2
- Public Transport : Staten Island Ferry via Stapleton SIR Station ( 1 Block away )
- 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
Listing Contacts
Listed by RIPCO Real Estate
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