3974 Amboy Road, Staten Island, NY 10308

Staten Island, Staten Island, New York 10308

$2,600,000   $2,450,000  

Listing ID Number

24611

Property Description

Cushman & Wakefield has been retained on an exclusive basis to arrange the sale of 3974 Amboy Road, a three story mixed use office and retail building located on the corner of Amboy Road and Brown Avenue. The building currently has 5 retail stores on the ground floor, and 11 office spaces on the upper floors. The property is located on one of Staten Islands most prominent streets and main retail and office corridor.

Subject property has approximately 14,000 net leasable square feet, which 8,770 is leasable office space and 5,000 sf is retail. The building has 85.6 feet of frontage on Amboy Road and is positioned on a prime corner lot.

The building has net income of approximately $176,000 with combined tenants paying below market rates. This provides an excellent opportunity for upside with new tenants paying market rents. The property currently has two vacant office spaces of approximately 500 square feet each.

The median household income in the Great Kills section of Staten Island where the building is located is nearly $92,000, making this property located within a affluent neighborhood. The property is one block away from the Great Kills train stop and is located in the mid island section making the asset easily accessible to New Jersey and Brooklyn.

Overview

Building Type:Mixed-Use Investment Buildings
Block/Lot:5143/35
Stories:3
Zoning:C1-1/R3-1/SRD
Building Sq Ft:15,090

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Dmitry Shaplyka
Director
(201) 508 5324
dmitry.shaplyka@cushwake.com


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The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.