New zone 29,000 sq ft build 11,500 M-1 exist | 22 Wave St
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New zone 29,000 sq ft build 11,500 M-1 exist 22 Wave St
11,400 SF Vacant Light Industrial Building Staten Island, NY 10304 £2,528,032 (£222/SF) 4.62% Net Initial Yield
Investment Highlights
- Currently M1 Zoning fully sprinklered building, but can be converted to 70 ft tall 30,000 sf residential, retail, office, light or heavy commercial
- 300,000+ Sf 14 story residential building finishing construction across the street.
Executive Summary
22 Wave Street /23 Sands st.for sale Staten Island N.Y.10304 asking price $ 3.4million - Possible owner financing or lease option available!
M 1 zone changed NEW ZONING Bay street Corridor total sprinklered building 9,300 sq. ft. ground floor 2,200 sq ft 2nd floor street to street property 9,300 sq ft Can build 29,000 sq ft . 70 ft tall commercial , residential, office or retail
existing tenants
currently fully rented no leases
approx. 6500 sq.ft. rent $106,800 per yr
approx 1,800 sq ft rent $24,000 per yr
approx 700 sq.ft rent $12,360 per yr
2nd fl approx 2,200 sq ft rent $28,200 per yr
lease ends Oct.31 2023
total gross income $ 171,160.00
Expenses
Insurance $8,000 per yr
RE tax $36,00 per yr
misc $1,000 per yr
approx total expenses $ 45,000.00
approx. current net $ 128,160.00
contact Dean 917 974 8260
possible owner financing for 10 yrs 35% down
M 1 zone changed NEW ZONING Bay street Corridor total sprinklered building 9,300 sq. ft. ground floor 2,200 sq ft 2nd floor street to street property 9,300 sq ft Can build 29,000 sq ft . 70 ft tall commercial , residential, office or retail
existing tenants
currently fully rented no leases
approx. 6500 sq.ft. rent $106,800 per yr
approx 1,800 sq ft rent $24,000 per yr
approx 700 sq.ft rent $12,360 per yr
2nd fl approx 2,200 sq ft rent $28,200 per yr
lease ends Oct.31 2023
total gross income $ 171,160.00
Expenses
Insurance $8,000 per yr
RE tax $36,00 per yr
misc $1,000 per yr
approx total expenses $ 45,000.00
approx. current net $ 128,160.00
contact Dean 917 974 8260
possible owner financing for 10 yrs 35% down
Property Facts
Amenities
- 24 Hour Access
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
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Walk Score ®
Walker's Paradise (92)
Transit Score ®
Excellent Transit (71)
Bike Score ®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 00489-0019 | Improvements Assessment | £200,860 |
| Land Assessment | £131,181 | Total Assessment | £332,041 |
PROPERTY TAXES
Parcel Number
00489-0019
Land Assessment
£131,181
Improvements Assessment
£200,860
Total Assessment
£332,041
zoning
| Zoning Code | M1 (build 29,000 sq ft 75 ft tall Residential ,commercial ,retail combination .or use 11,400 sq, ft, M 1 CURRENT USE) |
| M1 (build 29,000 sq ft 75 ft tall Residential ,commercial ,retail combination .or use 11,400 sq, ft, M 1 CURRENT USE) |
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New zone 29,000 sq ft build 11,500 M-1 exist | 22 Wave St
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