17 Aultman AveStaten Island, NY 10306

For Sale
$1,399,999

Prime Richmondtown location, 3 units, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional mixed-use property in the desirable Richmondtown neighborhood of Staten Island presents a compelling investment opportunity. The newly constructed building (2024) boasts 2,580 square feet across three legal units situated on a 3,000 square foot lot. The ground floor features a 860-square-foot storefront commercial space, complemented by an equally sized finished basement, perfect for storage or business expansion. Above, two spacious 2-bedroom, 2-bathroom duplex apartments offer luxurious finishes including hardwood floors, custom kitchens with quartz countertops, and Andersen windows. Each apartment benefits from abundant natural light and attractive neighborhood views. The property is zoned C1-1. Projected gross annual rent is $108,000, with an estimated net annual rent of $90,148, yielding a 6.50% cap rate. This represents a significant return on investment for those seeking to diversify their portfolio or establish a strong income stream. The property's prime location and modern design make it an attractive proposition in a thriving real estate market. This is a turnkey investment ready for immediate income generation.

Highlights

  • $1,399,999 asking price for a mixed-use building.
  • 2,580 square feet on a 3,000 square foot lot.
  • Three units: one storefront and two 2-bedroom/2-bathroom duplex apartments.
  • 6.50% cap rate with projected gross annual rent of $108,000.
  • New construction (2024) in Richmondtown, Staten Island, NY.

Property Details for 17 Aultman Ave

Property type
Other retail properties, Individual retail properties
Square Feet
2,580 SF
Year Built
2024
Buildings
1
Stories
3
Units
3

Location Insight

City
Staten Island
County
Richmond
State
New York
Latitude
40.5745018
Longitude
-74.13646
17 Aultman Ave, Staten Island, New York

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17 Aultman Ave
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