Fully Leased Medical Building | 1099 Targee St
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Fully Leased Medical Building 1099 Targee St
11,787 SF Office Building Staten Island, NY 10304 £3,905,550 (£331/SF) 7.74% Net Initial Yield
Investment Highlights
- Fully Leased Medical Building
- Strong Annual Increases
- Conveniently Located Right off the Highway and Minutes from VZ Bridge
Executive Summary
Presenting 1099 Targee Street, a premier medical office building fully leased to a prominent medical group, demonstrating a strong presence since 2020. This distinguished tenant has committed to a remaining lease term of five years, ensuring stable and enduring occupancy. Structured as a triple net lease, this investment offers the simplicity of minimal landlord obligations, presenting an attractive and low maintenance opportunity. Strategically positioned at the busy intersection of Targee Street & Columbus Avenue, the property commands a prominent corner location, enhancing its visibility and accessibility. This medical office building represents a unique opportunity to invest in a property with a secure tenant and a proven track record of stability.
Data Room Click Here to Access
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
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-
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| Other Income |
-
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-
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| Vacancy Loss |
-
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-
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| Effective Gross Income |
-
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-
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| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
11,787 SF
Building Class
B
Year Built/Renovated
1960/2000
Price
£3,905,550
Price Per SF
£331
Net Initial Yield
7.74%
NOI
£302,222
Tenancy
Single
Number of Floors
2
Typical Floor Size
5,893 SF
Building FAR
0.82
Land Acres
0.33 AC
Zoning
R2
Amenities
- Bus Route
- Signage
1 of 1
Transit Score ®
Excellent Transit (72)
PROPERTY TAXES
| Parcel Number | 03183-0001 | Improvements Assessment | £989,524 (2024) |
| Land Assessment | £155,157 (2024) | Total Assessment | £1,144,681 (2024) |
PROPERTY TAXES
Parcel Number
03183-0001
Land Assessment
£155,157 (2024)
Improvements Assessment
£989,524 (2024)
Total Assessment
£1,144,681 (2024)
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Fully Leased Medical Building | 1099 Targee St
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