120 Victory Blvd
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120 Victory Blvd
10,700 SF 22% Leased Office Building Staten Island, NY 10301 £1,883,525 (£176/SF)
Executive Summary
Welcome to an unparalleled investment opportunity in the heart of the city! This historic commercial building, situated on a bustling high-traffic street, is now available for sale, presenting an ideal prospect for entrepreneurs and investors alike. Steeped in a rich history dating back to its construction in 1939, this two-story gem exudes timeless charm and character.
The property's expansive lot spans 15,000 square feet, boasting dimensions of 200 ft x 75 ft. This generous lot size provides ample space for outdoor amenities, expansion, or potential future developments. With a ground elevation of 99 ft, the property not only offers a commanding presence but also provides a vantage point that enhances visibility.
Zoning versatility is a key feature, with the property falling under multiple districts, including R5, C2-1, and HS. This diverse zoning allows for a range of development options, catering to both residential and commercial purposes. The Residential Floor Area Ratio (FAR) of 1.25 indicates the potential for residential development, while the Facility FAR of 2 opens up opportunities for commercial or institutional use.
The current building's FAR as built stands at 0.71, utilizing a portion of the maximum allowable floor area. With a maximum usable floor area of 18,750 square feet, there is significant untapped potential for expansion or redevelopment. The usable floor area as built is currently 10,650 square feet, leaving 8,100 square feet of unused FAR, providing the perfect canvas for customization and future growth.
This unique combination of a historic building with substantial unused development rights, coupled with a strategically located and generously sized lot, makes this property an extraordinary investment opportunity. Explore the possibilities, capitalize on the available square footage, and make your mark in this prime location. Contact us today to discover how this property can be the foundation for your vision and success.
This commercial building for sale is not just a property; it's an investment in legacy, charm, and the future. Don't miss the chance to be a part of the next chapter in this iconic building's story. Contact us today to schedule a viewing and explore the endless possibilities that await within these storied walls.
The property's expansive lot spans 15,000 square feet, boasting dimensions of 200 ft x 75 ft. This generous lot size provides ample space for outdoor amenities, expansion, or potential future developments. With a ground elevation of 99 ft, the property not only offers a commanding presence but also provides a vantage point that enhances visibility.
Zoning versatility is a key feature, with the property falling under multiple districts, including R5, C2-1, and HS. This diverse zoning allows for a range of development options, catering to both residential and commercial purposes. The Residential Floor Area Ratio (FAR) of 1.25 indicates the potential for residential development, while the Facility FAR of 2 opens up opportunities for commercial or institutional use.
The current building's FAR as built stands at 0.71, utilizing a portion of the maximum allowable floor area. With a maximum usable floor area of 18,750 square feet, there is significant untapped potential for expansion or redevelopment. The usable floor area as built is currently 10,650 square feet, leaving 8,100 square feet of unused FAR, providing the perfect canvas for customization and future growth.
This unique combination of a historic building with substantial unused development rights, coupled with a strategically located and generously sized lot, makes this property an extraordinary investment opportunity. Explore the possibilities, capitalize on the available square footage, and make your mark in this prime location. Contact us today to discover how this property can be the foundation for your vision and success.
This commercial building for sale is not just a property; it's an investment in legacy, charm, and the future. Don't miss the chance to be a part of the next chapter in this iconic building's story. Contact us today to schedule a viewing and explore the endless possibilities that await within these storied walls.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
10,700 SF
Building Class
C
Year Built
1939
Price
£1,883,525
Price Per SF
£176
Percent Leased
22%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
5,350 SF
Building FAR
0.72
Lot Size
0.34 AC
Zoning
R5 - Zoning versatility is a key feature, with the property falling under multiple districts, including R5, C2-1, and HS
Amenities
- Bus Route
- Signage
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Walk Score®
Very Walkable (88)
Transit Score®
Excellent Transit (78)
PROPERTY TAXES
| Parcel Number | 00569-0097 | Improvements Assessment | £327,132 |
| Land Assessment | £81,152 | Total Assessment | £408,284 |
PROPERTY TAXES
Parcel Number
00569-0097
Land Assessment
£81,152
Improvements Assessment
£327,132
Total Assessment
£408,284
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120 Victory Blvd
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