69-71-75 Thompson St, Staten Island, 10304

Commercial - Commercial For Sale in Stapleton

$3,499,000

Beds
Baths
14,816Sqft
4Garages
2001Built
MLS® #: 1126504
Active

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.

Essential Information

MLS® #: 1126504
Price: $3,499,000
Square Footage: 14,816
Year Built: 2001
Type: Commercial
Sub-Type: Commercial
Status: Active

Community Information

Address: 69-71-75 Thompson St
Area: Stapleton
Subdivision: Stapleton
City: Staten Island
County: Richmond
State: NY
Zip Code: 10304

Amenities

Parking Spaces: 4
Parking: Street
Garage Spaces: 4

Interior

Heating: HotWater
Cooling: Central
# of Stories: 3

Exterior

Construction: Concrete Block, Masonry, Steel

Additional Information

Zoning: C4-2

Listing Details

Listing Office: DiTommaso Real Estate

Financials

$/SqFt: $236

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Listing data is deemed reliable but it not guaranteed accurate by the MLS.

Listing information is provided by the Staten Island Multiple Listing Service, Inc.