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Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID 857014
Rental Info No
Annual Tax Amount $81,791
Property Sub-Type Business
Source onekey2
Property Description
Calling All Investors, Developers & End-Users!!! 26,000 Sqft. 10 Unit Strip Center On A 27,000 Sqft. Lot For Sale On Richmond Road!!! The Property Features Great Exposure, Excellent Signage, R3-1/C1-1 Zoning, 32 Parking Spaces, High Ceilings, Restaurant, (2) Strategically Placed Curb Cuts, Private Parking Lot, Low Property Taxes, 3 Phase Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Staten Island Just Minutes From I-278, The Richmond County Country Club & The Verrazano Bridge!!! Neighbors Include Starbucks, Toyota, Honda, Northwell Health, Staples, CVS, OrangeTheory Fitness, Sherwin-Williams, Fine Fare Supermarkets, Subway, +++!!! The Property Has A Daily Traffic Count Of 16,500+ Vehicles Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
1674. Cantina Valencia (2,578 Sqft.): $98,880 Ann.; Lease Exp.: 2/28/32. Tenant Pays Their Share Of Taxes.
1684. Storefront (13,000 Sqft.): $585,000 Ann. (Available)
1688. Storefront (1,200 Sqft.): $60,000 Ann. (Available)
1692. R & C Variety Corp. (1,000 Sqft.): $43,470 Ann. Lease Exp.: 9/30/32. Tenant Pays Their Share Of Taxes.
1694. Torino Pizza (900 Sqft.): $45,593 Ann.; Lease Exp.: 6/30/31. Tenant Pays Their Share Of Taxes.
1696. Yafei Deli (1,340 Sqft.): $50,058 Ann.; Lease Exp.: 12/31/30. Tenant Pays Their Share Of Taxes.
Pro Forma Gross Income: $883,001 Ann.
Expenses:
Gas: $0 Ann.
Electric: $0 Ann.
Maintenance & Repairs: $250 Ann.
Water & Sewer: $0 Ann.
Insurance: $8,386 Ann.
Taxes: $81,791.20 Ann.
Total Expenses: $90,427.20 Ann.
Tax Rebate (Paid By The Stores): $53,716.92 Ann.
Net Operating Income (NOI): $846,290.72 Ann. (Pro Forma 10.65% Cap!!!)
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Income:
1674. Cantina Valencia (2,578 Sqft.): $98,880 Ann.; Lease Exp.: 2/28/32. Tenant Pays Their Share Of Taxes.
1684. Storefront (13,000 Sqft.): $585,000 Ann. (Available)
1688. Storefront (1,200 Sqft.): $60,000 Ann. (Available)
1692. R & C Variety Corp. (1,000 Sqft.): $43,470 Ann. Lease Exp.: 9/30/32. Tenant Pays Their Share Of Taxes.
1694. Torino Pizza (900 Sqft.): $45,593 Ann.; Lease Exp.: 6/30/31. Tenant Pays Their Share Of Taxes.
1696. Yafei Deli (1,340 Sqft.): $50,058 Ann.; Lease Exp.: 12/31/30. Tenant Pays Their Share Of Taxes.
Pro Forma Gross Income: $883,001 Ann.
Expenses:
Gas: $0 Ann.
Electric: $0 Ann.
Maintenance & Repairs: $250 Ann.
Water & Sewer: $0 Ann.
Insurance: $8,386 Ann.
Taxes: $81,791.20 Ann.
Total Expenses: $90,427.20 Ann.
Tax Rebate (Paid By The Stores): $53,716.92 Ann.
Net Operating Income (NOI): $846,290.72 Ann. (Pro Forma 10.65% Cap!!!)
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Location
State NY
County Richmond (staten Island)
Interior
Heating Other
Cooling Central Air
Fireplace No
Exterior
Utilities Available Electricity Connected, Phone Connected, See Remarks
Total Parking Spaces 32
Building
Sewer Public Sewer
Water Public
Others
Special Listing Condition None
Listed by All Island Estates Realty Corp