78 Winham AveStaten Island, NY 10306

For Sale
$825,000

High-return multifamily & retail gem

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional mixed-use property in Staten Island, NY presents a lucrative investment opportunity. Located at 78 Winham Ave, 10306, this 2-story, 2,050 square foot building sits on a sizable 4,524 square foot lot and is zoned R3-1. Built in 1960, the property boasts a 100% occupancy rate with four units: three residential apartments and one commercial space currently operating as a convenience store. The residential units comprise one fully renovated two-bedroom apartment and two one-bedroom apartments. All units feature separate hot water heating, with tenants responsible for their respective costs. The commercial space lease expires in May, transitioning to a month-to-month agreement thereafter. The asking price is $825,000, translating to $402.44 per square foot. The retail space offers the potential for expansion, with the possibility of combining it with one of the one-bedroom units to create a larger, duplex-style apartment. This property's strong cash flow, combined with its prime location and flexible layout, makes it an ideal addition to any investment portfolio. The property's Class C designation reflects its age and potential for future upgrades. Further details regarding rental income are available upon request.

Highlights

  • Staten Island, NY mixed-use property at 78 Winham Ave, 10306.
  • 2-story, 2,050 sq ft building on a 4,524 sq ft lot, R3-1 zoning.
  • 100% occupancy: three residential units (one 2BR, two 1BR), one commercial unit (convenience store).
  • Separate hot water heating, tenants pay. Commercial lease month-to-month after May.
  • Asking price: $825,000 ($402.44/sq ft). Potential for expansion/reconfiguration.
  • Class C building.

Property Details for 78 Winham Ave

Property type
Other retail properties, Individual retail properties
Square Feet
2,050 SF
Class
C
Year Built
1960
Stories
2
Units
4

Location Insight

City
Staten Island
County
Richmond
State
New York
Latitude
40.5650967
Longitude
-74.1045652
78 Winham Ave, Staten Island, New York

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78 Winham Ave
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