305 BroadwayStaten Island, NY 10310

For Sale
$2,388,888

Nine-unit loft building, high cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional mixed-use investment opportunity presents a rare chance to acquire a fully occupied, nine-unit loft building situated at 305 Broadway, Staten Island, NY 10310. The property, comprised of two buildings, boasts a total of 11,900 square feet on a 6,900 square foot lot. Built in 1930, the two-story structure features distinctive architectural charm and spacious loft units, currently enjoying 100% occupancy. The property's strong tenant base consists of city workers and professionals, generating a substantial net operating income (NOI) of $183,769, resulting in an attractive 7.69% cap rate. The asking price is $2,388,888, translating to $200.75 per square foot. The property is zoned R3A C1-2, offering potential for expansion and value enhancement through the addition of further units. This fee-simple ownership presents a compelling investment prospect for both seasoned investors and developers seeking a high-yield, stable income stream in a desirable location. The property's strong financials and potential for future growth make it an exceptional addition to any portfolio.

Highlights

  • $2,388,888 asking price for a mixed-use investment property.
  • Nine loft units in two buildings totaling 11,900 square feet.
  • 7.69% cap rate with a $183,769 net operating income (NOI) and 100% occupancy.
  • Located at 305 Broadway, Staten Island, NY 10310, on a 6,900 square foot lot.
  • Built in 1930, the property features two stories and is zoned R3A C1-2.
  • $200.75 price per square foot.

Property Details for 305 Broadway

Property type
Other mixed-use properties, Mixed-use properties
Square Feet
11,900 SF
Year Built
1930
Buildings
2
Stories
2
Units
9

Location Insight

City
Staten Island
County
Richmond
State
New York
Latitude
40.6339467988
Longitude
-74.117101770557
305 Broadway, Staten Island, New York

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305 Broadway
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