585 Bay ST Pending Save Request In-Person Tour Request Virtual Tour
Staten Island,NY 10304
Key Details
Property Type Other Rentals
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
Square Footage 4,710 sqft
Price per Sqft $286
MLS Listing ID 487336
Year Built 1910
Annual Tax Amount $6,138
Property Description
Amazing Opportunity in Stapleton, Staten Island!! Corner mixed-use Brick Building in a high traffic location. Great visibility, long term retail tenant, with development potential. The back extension part of the building was reconstructed 5 years ago with a new roof and parapet walls. The 2nd floor 2 bedroom apartment is newly renovated with high-end kitchen and appliances with beautiful hardwood floors and fashionable brick wall in bedroom. The apartment features high efficiency fujitsu split units for heating and cooling and 2 in 1 washer/dryer. The 3rd floor is a 3 bedroom with 1 bath with a long term Section 8 tenant. Tenant pays small portion of rent. A real money maker as-is, but has a lot of additional potential. This property will benefit from the new zoning proposed in the "city of yes" initiative, expected to be passed in the coming months. The back of the store is currently vacant and has private access with a side entrance. The building is fitted with 2 Navien high-efficiency tankless water heaters and a Kohler 14 KW natural gas generator sits atop of the extension roof, and is scheduled to be connected to the new gas line in 30 days. At present the property operates at just under an 8% cap.
Location
State NY
County Staten Island
Area Stapleton
Zoning C4-2
Rooms
Basement Full,Unfinished
Interior
Interior Features None
Hot Water Tankless
Heating Gas
Flooring Carpeting,Laminate,Tile,Other
Heat Source Gas
Exterior
Exterior Feature Brick
Roof Type Flat
Building
Story 3
Foundation Block
Others
Energy Description Gas
Financing Bank Mortgage,Cash