233 Sand Ln - Apartments FOR SALE


Staten Island, NY 10305- Arrochar
$1,650,000 USD
973-873-8444
233 Sand Ln, Staten Island, NY for Sale
$1,650,000 USD
Apartments - FOR SALE
1/7
null | 25% Cap Rate

233 Sand Ln
Staten Island, NY 10305
Arrochar


HIGHLIGHTS

  • Fully VACANT
  • +19% CAP
  • LOW TAX
  • PRIME AREA
  • Full BASEMENT w/10 ft. CEILINGS

OVERVIEW

VACANT 18 SRO/hotel rooms over a huge commercial first floor. the property will come with the lots to the left and right. the property also features a full basement with 10 foot ceilings. situated right near the boardwalk. 3 minutes from the Verrazano bridge. projected 22.8% CAP POST REHAB!!!!! The long: Introducing an amazing investment opportunity in Staten Island, just a stone's throw away from the Verrazano Bridge! This mixed-use building offers an ideal blend of residential and commercial spaces in a bustling neighborhood. Situated in a high-demand area, it presents an exceptional chance to capitalize on both residential and commercial ventures. With the entire building currently vacant, there's plenty of room for your creative vision. It's already undergone some rehabilitation, and with a full basement included, there's ample space for expansion or storage. Plus, the sturdy foundation ensures long-lasting durability. What's more, this property boasts an outstanding over 19.8% capitalization rate (CAP), making it an incredibly lucrative opportunity. But wait, there's more – the rooftop is equipped with solar panels for energy efficiency, and there's even a convenient driveway. Don't miss out on this fantastic chance to invest in a promising property with both sustainability and profitability! Most notably, this investment opportunity boasts an extraordinary over 21% capitalization rate (CAP), exemplifying its exceptional profitability and value proposition. With such a compelling rate of return, investors can rest assured that their investment will yield substantial dividends, making it a standout choice in today's market landscape. Don't miss out on the chance to capitalize on this remarkable investment opportunity in Staten Island's thriving real estate market. Whether you're a seasoned investor seeking to diversify your portfolio or a newcomer looking for a promising venture, this property offers the perfect combination of potential and profitability. Seize the opportunity to secure your financial future and make this property your next successful investment endeavor! Price Can Be Reduced If Only One Lot Is Wanted Please Inquire

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$230 USD /SF

# OF UNITS

19

PRICE/UNIT

$86,842

CAP RATE

25%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

VACANT 3 story property 18 SRO ROOMS + COMM

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

R3-1

APN/PARCEL ID

03110-0034

ASK ABOUT THIS PROPERTY

Avraham BirnbaumTwelve Stones Realty LLCMore Info
973-873-8444

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Avraham BirnbaumTwelve Stones Realty LLCMore Info
973-873-8444

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.