868 Post AveStaten Island, NY 10310

For Sale
$2,499,999

7-Unit Building, High NOI, 6.23% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 7-unit mixed-use building, located at 868 Post Avenue in Staten Island, presents a compelling investment opportunity. The property boasts 5,160 square feet across two stories, situated on a 5,200 square foot lot (APN 238-94). Built in 1930 and extensively renovated in 2020, the building is currently 100% occupied, generating a strong net operating income (NOI) of $155,690, representing a 6.23% capitalization rate. The asking price is $2,499,999 ($484.50 per square foot). The property features five retail storefronts and two three-bedroom apartments, along with convenient front parking. Its prime location at a busy intersection of Post and Jewett Avenues offers excellent visibility and accessibility, with easy access to the 440N and the Bayonne Bridge. The property is zoned C2-1/R3-A, providing flexibility for future uses. This fully leased building is ideal for investors seeking consistent rental income and a strong return on investment from a recently renovated asset in a desirable location. The building's solid construction and high occupancy rate ensure a stable and profitable investment. This is a rare opportunity to acquire a well-maintained, high-performing mixed-use property in a thriving Staten Island market.

Highlights

  • High-yield investment opportunity: 6%+ cap rate, fully leased building.
  • Strong tenant base with long-term leases providing stable income.
  • Prime location in a high-growth market, ensuring future value appreciation.
  • Modern, well-maintained building with efficient floor plans.
  • Excellent access to major transportation arteries and amenities.

Property Details for 868 Post Ave

Property type
Other retail properties, Individual retail properties
Square Feet
5,160 SF
Year Built/Renovated
1930/2020
Buildings
1
Stories
2
Units
7

Location Insight

City
Staten Island
County
Richmond
State
New York
Latitude
40.630940646895
Longitude
-74.130102413477
868 Post Ave, Staten Island, New York

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868 Post Ave
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