Description

Prime Mixed-Use Investment Opportunity. 100% Leased Turn-Key Asset with Cap Rate / ROI: Over 7%. Gross Annual Income: $217,176. An exceptionally stable, high-yield mixed-use property in a high-demand Staten Island location. Built on a commanding 38’ x 100’ footprint spanning 11,400 sq. ft., this fully brick, low-maintenance building is 100% occupied and features a perfectly balanced mix of multi-family housing and long-term retail anchors. Guaranteed Multi-Family Income: 8 fully leased, rent-stabilized apartments (4 two-bedroom and 4 one-bedroom units) providing exceptional tenant retention, predictable rent rolls • Anchored Commercial Storefronts: 2 highly successful retail spaces including a long-term Laundromat ($3,395/mo; 7 years remaining + 5-year option) and a neighborhood Grocery Store ($3,500/mo; 3 years remaining) • 100% Inflation-Protected Compound Growth: Highly rare lease structures where every single residential and commercial tenant in the building has a built-in 3% annual rent escalation clause, guaranteeing compound revenue growth across the entire asset • Strong Net Financials: Gross Income of $217,176/year against low operating expenses of $62,600/year (Taxes: $34k, Utilities/Ins/Maint: $28.6k). Situated on a high-visibility corner with excellent foot traffic, immediate transit access, and strong neighborhood demographics, this turn-key asset is an ideal fit for 1031 exchange buyers or portfolio expansion.

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Property information

Property type

Residential Income

Sub-type

Mixed Use

Year built

1931

Living area

11,400 Sq Ft

Lot size

0.09 acres

Annual taxes

$34,000

Price / Sq Ft

$171

Days on market

29

Zoning

R3A

Features

Heating

Steam · Natural Gas

Flooring

Hardwood · Tile

Roof

Flat

Construction

Brick

Basement

Full