1250 Hylan BlvdStaten Island, NY 10305

This exceptional two-story, 19,000-square-foot shopping center is situated on Hylan Boulevard, a prime Staten Island commercial corridor. Boasting a strong 6.23% cap rate and a substantial NOI of $560,373, this multi-tenant property offers a compelling investment opportunity. Built in 1993, the center features 138 parking spaces, including both front and rear access, catering to the high daily traffic exceeding 38,000 vehicles. Its convenient location near the Verrazano Bridge, multiple bus lines, and the Staten Island Railway ensures excellent accessibility. The property benefits from a diverse tenant mix, including long-standing occupants in food and beverage, service, retail, and office spaces. The second floor offers ADA accessibility via an elevator. The 38,140-square-foot lot is zoned C2-1, reflecting its suitability for a variety of commercial uses. The property's value is further enhanced by Staten Island's population growth and proximity to major transportation arteries. The asking price is $9,000,000, representing a price per square foot of $473.68. This well-established center is poised for continued success within a thriving retail environment, significantly impacted by the nearby $200 million "Boulevard" redevelopment project, which includes tenants such as Alamo Drafthouse, LA Fitness, and ShopRite. The center is also welcoming Amazon Fresh as a new tenant, complementing existing tenants like TJ Maxx and Starbucks.