Loading images

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

  • 14,816 sqft
Get Directions Google Maps Direction

Commercial-Active $ 3,499,000

MLS#: 1126504

Courtesy of: DiTommaso Real Estate

  • Save

  • Showing

  • Info

Get Direction

Description

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.

Specifications


    Contract/Location Information


  • 236.16
  • Sale
  • Yes
  • Exclusive Right to Sell
  • No

    General Property Info


  • 3
  • 3
  • 15501
  • Yes
  • 8300

    Sewer


  • 1

Map View

Map View