145 Westervelt AveStaten Island, NY 10301

This exceptional mixed-use property, located at 145 Westervelt Ave, Staten Island, NY 10301, presents a compelling investment opportunity. The 3,900 square foot building, constructed in 1920 and extensively renovated in 2021, sits on a 3,570 square foot lot zoned R3A. It comprises two retail spaces and four residential units: a one-bedroom, one-bathroom apartment on the first floor and two two-bedroom, one-bathroom apartments on the upper floors. Each unit features separate electric, gas, and heat meters, with a shared washer and dryer located in the unfinished basement. All bedrooms and living rooms are equipped with wall-mounted air conditioning units. The property boasts a strong NOI of $80,096, yielding a 6.17% cap rate at an asking price of $1,299,000 ($333.08 per square foot). Conveniently located near public transportation, including buses and the Staten Island Ferry, providing easy access to New York City. While financing is permissible, the sale is not contingent upon mortgage approval. Viewings of the retail spaces require proof of funds (bank statements or loan pre-approval letters); apartment viewings are subject to an offer contingent upon viewing. This property offers significant income-generating potential for owner-users or investors seeking a strong return. The two buildings, spanning three stories, offer a unique blend of commercial and residential space in a desirable location. This is a rare opportunity to acquire a well-maintained, income-producing property in a thriving area. Subject to errors and omissions.