491-497 Jersey Street

Staten Island, NY 10301 / New Brighton

MLS ID# 1154873 Active
Commercial

$2,888,000

13340 Acreage
105x 89 Lot Size


Details for 491-497 Jersey Street, Staten Island NY 10301

Located in an Opportunity Zone, this propertyfeatures 8 2 Bedroom Apartments / 4 store frontswith parking located on 4 tax lots. Situated minutesto the Staten Island Ferry, Bay Street, Shoppingand multiple points of transportation, 491-497Jersey Street is strategically located to insure highoccupancy rates.Built in 2014, with block construction, 491-497 JerseyStreet has been kept in incredible condition andpresents a turn-key investment opportunity withupside. Each apartment is a large 2 bedroom unitwith open floor plan and separate utilities.Currently, with a corporate tenant until July 2023who handles the day to day maintenance, 491-497 Jersey Street is low cost building to operate andcreate cash flow. If the lease expires, there is over$ 40,000 in gross rental increases available in unitsthey occupy.With an effective gross income of $243,696.00 and aNet Operating Income of $202,243.80 and comingto market at $2,888,000 priced at a 7% cap rate,491-497 is a compelling opportunity at an attractivevaluation for the investor seeking cash flow withoutlooking to tie up cash in capital improvements

Features and Details

  • Category Commercial
  • Type Commercial
  • Area/Neighborhood New Brighton
  • County Richmond
  • Lot Dimensions 105x 89
  • Lot Size 13340 SqFt
  • MLS ID# 1154873

Building Avail Sqft
Avail SqFt: 11808
Warehouse
Avail SqFt: 0
Retail
Avail SqFt: 4704
Sprinklers
No
Income
Gross: 243696.00, Net: 202243.00
Total Expenses
202243.00
Electric
220
Expenses Inclkude
Accounting, Common Area Maintainence, Insurance, Taxes, Utilities
Features
Apartment, House of Worship, Mixed Use, Retail
Heat
Gas, Hot Water
Parking
Private
Sewer
City

Parcel Details

  • Category Commercial
  • Land Use Category Mixed Residential & Commercial Buildings
  • BBL # 5000350001
  • Parcel # 00035-0001
  • County Richmond
  • Borough Staten Island
  • Borough Code 5
  • Total Building Source Code Department of Finance's RPAD File
  • Number of Buildings 1
  • Residential Units 2
  • Lot Frontage 26
  • Lot Depth 78
  • Building Frontage -
  • Building Depth -
  • Land Assessed Value 5640
  • Total Assessed Value 25860
  • Year Altered 1 0
  • Historic District Name -
  • Landmark Name -
  • Acreage 13340 SqFt
  • Tax Block 35
  • Tax Lot 1
  • Zoning District 1 R5
  • Zoning, All Components 1 C2-2/R5/HS
  • Building Class S2
  • Number of Easements 0
  • Type of Ownership (code) Private
  • Total Building Floor Area 2952
  • Commercial Floor Area 1176
  • Residential Floor Area 1776
  • Office Floor Area 0
  • Retail Floor Area 1176
  • Garage Floor Area 0
  • Storage Floor Area 0
  • Factory Floor Area 0
  • Other Floor Area 0
This listing was last updated on 5/31/2022 7:40:56 AM.