Retail Strip Income Producer | 95-97 Lincoln Ave
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Retail Strip Income Producer 95-97 Lincoln Ave
4,800 SF 100% Leased Retail Building Staten Island, NY 10306 £1,380,750 (£288/SF) 7.26% Net Initial Yield
Executive Summary
Income-Producing Property in Prime Grant City Location!
Looking for an investment opportunity that checks all the boxes? This package deal in Grant City, Staten Island, offers not one, but two buildings with four separate tenants-each enjoying their own gas and electric meters. Each tenant space spans approximately 1,200 square feet, providing plenty of room for business.
Built in 1980 and situated on a 4,212 square -foot lot, this property boasts R3-2 zoning and is perfectly positioned in a high-traffic area. Active leases are already in place, with built-in yearly rent increases for consistent growth. Add a strong 7.25 cap rate to the mix, and you'll see why this is an investment worth serious consideration.
Location? It doesn't get better. The property is steps away from public transportation, including the S51 and S81 buses and the Staten Island Railroad.
Whether you're a seasoned investor or just diving into the market, this property lets you start earning immediate returns after closing. With tremendous income potential and all the groundwork already laid, why wait? Schedule a viewing today!
Looking for an investment opportunity that checks all the boxes? This package deal in Grant City, Staten Island, offers not one, but two buildings with four separate tenants-each enjoying their own gas and electric meters. Each tenant space spans approximately 1,200 square feet, providing plenty of room for business.
Built in 1980 and situated on a 4,212 square -foot lot, this property boasts R3-2 zoning and is perfectly positioned in a high-traffic area. Active leases are already in place, with built-in yearly rent increases for consistent growth. Add a strong 7.25 cap rate to the mix, and you'll see why this is an investment worth serious consideration.
Location? It doesn't get better. The property is steps away from public transportation, including the S51 and S81 buses and the Staten Island Railroad.
Whether you're a seasoned investor or just diving into the market, this property lets you start earning immediate returns after closing. With tremendous income potential and all the groundwork already laid, why wait? Schedule a viewing today!
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | $99,999 | $9.99 |
Taxes | $99,999 | $9.99 |
Operating Expenses | $99,999 | $9.99 |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Actual - 2024) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Operating Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
4,800 SF
Building Class
B
Year Built
1980
Price
£1,380,750
Price Per SF
£288
Net Initial Yield
7.26%
NOI
£100,282
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.85
Land Acres
0.13 AC
Zoning
R3-2/C1-1 - R3-2 is a general residence district that allows a variety of housing types, while C1-1 is a commercial overlay district within a residential zoning
Parking
6 Spaces (1.25 Spaces per 1,000 SF Leased)
Frontage
40 ft on Lincoln Avenue
Amenities
- Commuter Rail
- Restaurant
- Signage
Walk Score ®
Very Walkable (85)
Transit Score ®
Excellent Transit (72)
Nearby Major Retailers
PROPERTY TAXES
Parcel Numbers | Total Assessment | £261,296 | |
Land Assessment | £67,190 | Annual Taxes | -£1 (£0.00/sf) |
Improvements Assessment | £194,105 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£67,190
Improvements Assessment
£194,105
Total Assessment
£261,296
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
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Retail Strip Income Producer | 95-97 Lincoln Ave
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