305 BroadwayStaten Island, NY 10310

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.