4360 Hylan Blvd
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4360 Hylan Blvd
7,000 SF 100% Leased Retail Building Staten Island, NY 10312 £4,453,635 (£636/SF) 5.62% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Leased to one of Staten Islands biggest organizations
- Full Corporate guarantee by RUMC
EXECUTIVE SUMMARY
Prime Location: Positioned at a high-traffic intersection, enhancing visibility and accessibility.
Stable Tenant: RUMC has been at this location for 10 years, and recently exercised early their option to extend showcasing long-term stability and reliability.
Strong Lease Terms: Full corporate guarantee and annual rent increases.
Low Management Burden: Tenant handles all real estate taxes and property maintenance, reducing owner responsibilities.
This property offers a secure investment with a reputable tenant and favorable lease conditions, making it an attractive opportunity for investors seeking steady income and minimal management hassle.
Freestanding building on a large parcel at the busy corner of Hylan Blvd & Richmond Avenue.
Current Tenant: Richmond University Medical Center (RUMC)
Lease Term: 6 years remaining with annual rent escalations.
Lease Details: Full corporate guarantee by Richmond University Medical Center.
Responsibilities: RUMC covers 100% of real estate taxes and property maintenance. Investment Highlights:
Stable Tenant: RUMC has been at this location for 10 years, and recently exercised early their option to extend showcasing long-term stability and reliability.
Strong Lease Terms: Full corporate guarantee and annual rent increases.
Low Management Burden: Tenant handles all real estate taxes and property maintenance, reducing owner responsibilities.
This property offers a secure investment with a reputable tenant and favorable lease conditions, making it an attractive opportunity for investors seeking steady income and minimal management hassle.
Freestanding building on a large parcel at the busy corner of Hylan Blvd & Richmond Avenue.
Current Tenant: Richmond University Medical Center (RUMC)
Lease Term: 6 years remaining with annual rent escalations.
Lease Details: Full corporate guarantee by Richmond University Medical Center.
Responsibilities: RUMC covers 100% of real estate taxes and property maintenance. Investment Highlights:
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Building Class
B
Year Built
1970
Price
£4,453,635
Price Per SF
£636
Net Initial Yield
5.62%
NOI
£250,517
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.80
Lot Size
0.20 AC
Zoning
C1-2/R3-1/SRD
Parking
25 Spaces (3.57 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Route
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05322-0001 | Improvements Assessment | £803,086 |
| Land Assessment | £100,565 | Total Assessment | £903,650 |
PROPERTY TAXES
Parcel Number
05322-0001
Land Assessment
£100,565
Improvements Assessment
£803,086
Total Assessment
£903,650
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4360 Hylan Blvd
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