Maryann Giaramita - Commercial Real Estate Showcase

Maryann Giaramita Property Listings
Agent
RE/Max Metro
9504 3rd Ave
Brooklyn, NY 11209


DetailMap
2397 - 2409 Hylan Boulevard

Staten Island, NY 10306-3148 - Staten Island Submarket


Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:1966
Building Size:19,910 SF Land Area:.49 AC (21,170 SF)
For Sale Price:$6,928,716 Price/SF:$348.00
Cap Rate:6.00 %
Parking:19 Surface spaces are available; Ratio of 3.52/1,000 SF
Features:Bus Line, Freeway Visibility, Signage, Signalized Intersection
7,000 SF is available to occupy upon purchase.



Sale Notes:
EXCLUSIVE LISTING, Maryann Giaramita 917-513-3600:
5 STORES -PARKING LOT- FULLY OCCUPIED. NOI: $415,723; 6% CAPITALIZATION: I am pleased to present a Retail Strip Center for sale in the "HEART" of Hylan Blvd. This NN 5 store MALL is located on .49 acres on a signalized double corner. All 5 stores have a 3% annual increases.

INVESTMENT HIGHLIGHTS -HISTORICALLY STRONG SALES:
* 5 stores NN NOI Yearly $415,723, capitalization 6%
* 2 LEVELS: Most SI buildings built on slabs. This building is a rarity: exceptional cellar to be used as a duplex or storage. The building is in excellent condition, reinforced concrete cellar - high ceilings; INCLUDING NEW- Electric 3 phase 400 AMP, HVAC and plumbing,
* Landlord responsibility: structure and roof only.
* Tenants responsibility: CAM, real estate taxes, insurance, and maintenance.
* 3 Re-Newed Double Net Leases, including Well Established franchise, Moe' s Southwest Grill.
* Great Demographics: Richmond county' s population stands above 473,000. In a 5 mile radius the population is above 251,000.

LOCATION, EXCELLENT VEHICULAR AND PEDESTRIAN TRAFFIC:
* located at the "HEART" of Hylan Blvd
* Vehicular traffic count is approximately 75,000 cars daily. ( Hylan Blvd is the major island's thoroughfare)
* 2 blocks away from New Dorp Lane, New Dorp High School, Staten Island Tech High School
** Under .5 to 4 block radius; surrounded by HYLAN BLVD NEIGHBORS- BIG BOX NATIONAL RETAILERS, including Shop Rite, CVS, KFC, Burger King, Applebee's, Verizon, Toys R Us, Starbuck's, TJ Maxx, 7-Eleven, United Artist theatre, Boston Market, and many more!
* Within walking distance to Todt Hill.
* New Dorp train station; buses S78, S79, S57, S76, S74 etc.

RE/Max Metro
Maryann Giaramita
(917) 513-3600




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