69-71-75 Thompson Street

    Staten Island, NY 10304
    • $3,499,000
    • STATUS: Active
    • ON SITE: 233 days
    • MLS #: 1126504
    UPDATED: 34 min ago
    $3,499,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 14,816
      SQFT
    • $236
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2001
    County:
    Area:

    School Ratings & Info

    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.

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    © 2019 Staten Island Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Edge. Data last updated: 2019-10-17T22:35:04.947.
    www.remaxedgeny.com/homes/92118195

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

    • Price: $3,499,000
    • Status: Active
    • Updated: 34 min ago
    • MLS #: 1126504
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    14,816
    SQFT
    $236
    $/SQFT
    2001
    Built
    Neighborhood:
    Stapleton
    County:
    Richmond
    Area:
    Stapleton
    Property 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.
    Exterior Features

    Construction Concrete BlockMasonrySteel Lot Dim 83X100 Parking Street Parking Spaces 4.00

    Interior Features

    Air Conditioner Central Available Sq Ft 14816 Heat Source Gas Heat System Hot Water Retail Available Sq Ft 14816 Sprinklers Yes Warehouse Available Sq Ft 14816

    Property Features

    Block 00524 COf O Yes Commercial Units 4.00 Condition Excellent Electric 220 Electric Meters Individual Features ApartmentMixed UseOffice/Warehouse Gas Meters Individual Gross Income 276180.00 Irregular No Lease Purchase Yes Lot 004300440045 Medical Units 0.00 Mfg Units 0.00 Net Income 255180.00 Non Conform Units 0.00 Owner Finance No Residential Units 21.00 Sale Lease Sale Section North Shore Sewer City Sub Type Commercial Tax Abated Yes Taxes 15501.00 Total Expense 21000.00 Year Built Info Approx Zoning C4-2

    Listing information © 2019 Staten Island Multiple Listing Service, Inc.
    Listing provided courtesy of Ditommaso Real Estate.



    © 2019 Staten Island Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Edge. Data last updated: 2019-10-17T22:35:04.947.
     
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