1368 Clove RdStaten Island, NY 10301

Exceptional investment opportunity in Staten Island, NY, presents a six-unit mixed-use building at 1368 Clove Road, 10301. This property boasts 5,148 square feet on a 5,247 square foot lot. Currently configured as a blend of residential and commercial space, the building offers significant upside potential. The basement is legally utilized as office suites, per the New York State Department of Buildings. The first floor, formerly two residential units (one 1-bedroom, one 2-bedroom), has been converted into medical office space, with preliminary approval for conversion to a community facility for medical use. The second floor comprises one 2-bedroom and one 1-bedroom residential unit, each with potential for office conversion. Three of the six units are currently leased with built-in 2% annual rent increases. The property shows a potential gross annual income of $156,000 and gross annual expenses of $42,000, resulting in a potential net operating income (NOI) of $114,000. Conveniently located near restaurants, shopping, and public transportation (express and local buses). This property is ideal for investors seeking strong cash flow and future development opportunities. The asking price is $1,799,888.