65 Columbus AveStaten Island, NY 10304

This exceptional investment opportunity presents a fully leased, 7,433 square foot Class B medical office building located at 65 Columbus Avenue, Staten Island, NY 10304. The property, built in 1997 and situated on a 7,000 square foot lot, features two stories and is zoned R2. Currently occupied by a single corporate-guaranteed tenant under a triple net (NNN) lease, the building boasts 100% occupancy with a remaining lease term of approximately 4.1 years, expiring December 31, 2028. The lease commenced March 1, 2020, and includes a 3% annual rent increase. The current Net Operating Income (NOI) is $182,962, with a pro-forma NOI of $188,451, resulting in a current cap rate of 7.33% and a pro-forma cap rate of 7.55%. The asking price is $2,495,000, translating to a price per square foot of $335.67. This strategically located property, just off Targee Street, offers excellent visibility and accessibility, making it an attractive investment with strong potential for long-term growth. The property's strong tenant, lease terms, and location combine to create a compelling investment opportunity in a thriving market.