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871 POST AVE, STATEN ISLAND, NY 10310

JP
NY 30PR0840192
PreReal Prendamano Real Estate
Listed by PreReal Prendamano Real Estate
$1,599,999
8 days on market
Updated 8 days ago

871 Post Avenue

Details
APN 00215-0256
Property Type Retail, Office (+1)
Square Footage 3,000
Units 3
Cap Rate 5.48%
NOI $87,640
Year Built 1930
Buildings 1
Stories 2
Lot Size (SqFt) 11,633
Zoning C2-1/R3-A
Ground Lease No
Sale Condition For sale by owner

About This Property

Marketing description

871 Post Ave is a mixed-use building with a large vacant lot in the rear. The 2-story building has two

retail stores and three apartment units and sits on an oversized 11,633 sf lot zoned C2-1 / R3-A. The

retail stores as well as the kitchens and bathrooms in the apartments were completely renovated six

years ago. The retail stores have a cellar with full height ceilings and windows.

The ± 9000sf vacant rear yard is underutilized and can be leased separately or developed by adding

additional residential units to the existing building. Please consult your architect.

Situated near a high-visibility corner at the signalized intersection of Post Ave and Jewett Ave in Port

Richmond, the property benefits from heavy vehicular and foot traffic. The property has immediate

access to NY-440 and I-278 for easy connectivity to New Jersey and Brooklyn. Suitable for owner users,

investors seeking steady cash flow, or developers looking for upside opportunities.

Building Size: ±3000 sf

Commercial Units: 1000sf

500sf

Residential Units: 1 two -bedroom apartment

2 one-bedroom apartments

Lot Size: 11,633sf

Zoning: C2-1 / R 3-A

RE Taxes: $5,857

HIGHLIGHTS:

Upside opportunity to monetize rear vacant lot

Strong vehicular and foot traffic

Development opportunity

Steady cash flow from retail and residential units

Investment highlights

Upside opportunity to monetize rear vacant lot

Strong vehicular and foot traffic

Development opportunity

Steady cash flow from retail and residential units

Listing Contacts

JP
NY 30PR0840192
PreReal Prendamano Real Estate
Listed by PreReal Prendamano Real Estate

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$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$87,640.00
$7,303.33/mo

Valuation Metrics

0
DSCR
5.48%
Cap Rate
5.48%
ROI

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