69-71-75 Thompson Street

Staten Island, NY 10304

MLS ID# 1126504 Active
Commercial

$3,499,000


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Details for 69-71-75 Thompson Street, Staten Island NY 10304

Attention Investors and Developers, this is a dream property off of Bay Street - 21 Units at 8% Cap Rate. This is the breakdown of the current rental income with the added potential rents from vacant spaces. Best for new buyer to rent out those spaces. Total annual income with potential rented spaces is $285,180 with a 8% cap rate - it is worth $3,859,714. Included is the ability for further development due to the air rights changes to all three buildings but specifically 73 Thompson. The area is already gentrifying to a cap of 8% or better and, not to be forgotten, is the tax abatement of both 69 and 71 Thompson. 13 apartments (rented), 4 garages (rented), 4 offices (rented), with finished basement. For more details, contact the agent.

Features and Details

  • Category Commercial
  • Type Commercial
  • Town Stapleton
  • County Richmond
  • Lot Size 83x100
  • Acreage 8300 SqFt
  • MLS ID# 1126504

Building Avail Sqft
Avail SqFt: 14816
Warehouse
Avail SqFt: 14816
Retail
Avail SqFt: 14816
Sprinklers
Yes
Income
Gross: 276180.00, Net: 255180.00
Total Expenses
255180.00
Electric
220
Features
Apartment, Mixed Use, Office/Warehouse
Heat
Gas, Hot Water
Parking
Street
Sewer
City

Local Information (click to view details)

This listing was last updated on 3/22/2020 9:47:03 AM.

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