1674-1696 Richmond
Staten Island,
NY
10304
Calling All Investors, Developers & End-Users!!! 26, 000 Sqft. 10 Unit Strip Center On A 27, 000 Sqft. Lot For Sale On Richmond Road!!! The Property Features Great Exposure, Excellent Signage, R3-1/C1-1 Zoning, 32 Parking Spaces, High Ceilings, Restaurant, (2) Strategically Placed Curb Cuts, Private Parking Lot, Low Property Taxes, 3 Phase Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Staten Island Just Minutes From I-278, The Richmond County Country Club & The Verrazano Bridge!!! Neighbors Include Starbucks, Toyota, Honda, Northwell Health, Staples, CVS, OrangeTheory Fitness, Sherwin-Williams, Fine Fare Supermarkets, Subway, +++!!! The Property Has A Daily Traffic Count Of 16, 500+ Vehicles Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income:1674. Cantina Valencia (2, 578 Sqft.): $98, 880 Ann.; Lease Exp.: 2/28/32. Tenant Pays Their Share Of Taxes. 1684. Storefront (13, 000 Sqft.): $585, 000 Ann. (Available)1688. Storefront (1, 200 Sqft.): $60, 000 Ann. (Available) 1692. R & C Variety Corp. (1, 000 Sqft.): $43, 470 Ann. Lease Exp.: 9/30/32. Tenant Pays Their Share Of Taxes. 1694. Torino Pizza (900 Sqft.): $45, 593 Ann.; Lease Exp.: 6/30/31. Tenant Pays Their Share Of Taxes.1696. Yafei Deli (1, 340 Sqft.): $50, 058 Ann.; Lease Exp.: 12/31/30. Tenant Pays Their Share Of Taxes.Pro Forma Gross Income: $883, 001 Ann. Expenses:Gas: $0 Ann. Electric: $0 Ann. Maintenance & Repairs: $250 Ann.Water & Sewer: $0 Ann.Insurance: $8, 386 Ann. Taxes: $81, 791.20 Ann. Total Expenses: $90, 427.20 Ann.Tax Rebate (Paid By The Stores): $53, 716.92 Ann.Net Operating Income (NOI): $846, 290.72 Ann. (Pro Forma 11.28% Cap!!!)
Presented By: All Island Estates Realty Corp
516-783-5600
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