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:19,990 SF Land Area:.49 AC (21,170 SF)
For Sale Price:$6,928,716 Price/SF:$346.61
Cap Rate:6.00 %
Parking:10 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:
PRIME AREA (.5 to 4 blocks-surrounded Big National Retailers, most sought out area on Hylan Blvd.) This NN Strip Center building is located on .49 acres on a signalized corner. It consists of 5 stores. 3 out the 5 are leased, with 3% annual increases. Years left on the leases, as follows 9, 9, 1: Moe's Southwestern Grill - 1/31/2025, Hylan Auto 1/31/2025, and NY Jiu Jitzu 7/31/2017 .

INVESTOR: The approximate Pro Forma NOI of 5 stores is $487,128, with a 7.4% pro forma capitalization rate. A longterm tenant, who occupied two stores left. In the process of entertaining leases for the two vacancies.

CURRENTLY AVAILABLE: 4,750 SF -2 vanilla box stores on ground floor. Plus 7000 SF of usable cellar space with high ceilings to use as a duplex or storage. Most buildings in Staten Island are built on slabs, this cellar space is a rarity.
Double Net Property: Tenants are responsible for all utilities, real estate taxes, insurance and CAM.

LOCATION, EXCELLENT VEHICULAR AND PEDESTRIAN TRAFFIC:
* Excellent Exposure and traffic on Hylan Boulevard with over 75,000 Vehicles a day. Richmond's county population stands above 473,000. In a 5 mile radius the population is above 251,000.
* 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!

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




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