360 Van Duzer St Immeuble residentiel 8 lots 3 201 610 € (400 201 €/Lot) Staten Island, NY 10304

RIPCO Investment Sales has been exclusively retained to arrange for the sale of 360 Van Duzer Street in the Stapleton Heights neighborhood of Staten Island, NY. The property comprises a new construction three-story masonry mixed-use building spanning nearly 15,000 GSF above-grade and hosting 8 residential apartments above 3 ground-floor retail spaces. All apartments are configured as 2 BR layouts. One unit is Section 8, while the remainder are RS. Average residential rent in the building is $2,121/mo. The units feature beautiful condo-level finishes and large private balconies. The entire ground floor commercial space is leased to Tiny Treasures Academy until 2026 and is generating $90,491 gross annually. The property hosts an 11-car off-street uncovered parking lot, additional storage space and a rear yard. The building currently generates $312k gross annually. The property benefits from the AffordableNY (421a) tax exemption in year 6 of 35, substantially reducing OpEx for the foreseeable future. The property is located on a quiet residential street, but just a block from Bay Street, a key thoroughfare that’s home to dozens of stores, restaurants and other amenities. The property also benefits from convenient access across the borough via SIR train accessible a block away at Stapleton Station. The Staten Island Ferry is two stops away via SIR and provides quick access to FiDi, Manhattan. 360 Van Duzer Street presents an immaculate turnkey investment opportunity with excellent stable cash flow and a low cost-basis in a frequently overlooked market