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    Lake Ave Staten Island, NY 10303

    Sponsored
    For Sale
    $1,299,000

    2,312 SF Industrial Building, $1.3M

    Property size:
    2,312 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Staten Island industrial property presents a unique investment opportunity. The 2,312-square-foot manufacturing building, constructed in 1920, sits on a sizable 12,921-square-foot lot zoned M3-1. The asking price is $1,299,000, translating to $561.85 per square foot. The property boasts convenient access to railroad tracks, a significant advantage for logistics. Phase one of development is complete, and a survey is readily available for review. Adding to the property's versatility, there's a two-family detached structure and two separate garages situated on the grounds. Ten parking spaces are available on-site. This property is ideally suited for a variety of manufacturing or industrial uses, offering a blend of existing structures and ample space for expansion or redevelopment. Located on Lake Avenue in Staten Island, Richmond County, NY 10303, this property offers a compelling combination of location, size, and zoning potential. The property's flat terrain further enhances its usability and accessibility.

    Property Features for 0 Lake Ave

    General Information

    Property type
    Manufacturing properties
    Square Feet
    2,312 SF

    Building Details

    Year Built
    1920

    HighLights

    • 12,921 SF M3‑1 zoned manufacturing lot available for sale.
    • Flat lot adjacent to railroad tracks.
    • Phase one construction complete.
    • Survey available upon request.
    • Includes a two‑family dwelling and two detached garages.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Map

    City
    Staten Island
    County
    Richmond
    State
    New York
    Longitude
    -74.1513021
    Latitude
    40.631231

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    FAQs

    What type of property is this?
    Manufacturing property - 2,312 SF Industrial Building, $1.3M
    Where is this manufacturing property located?
    The property is located at Lake Ave Staten Island, NY.
    What is the asking price?
    The asking price for this property is $1,299,000.
    What are key features of this property?
    This property features: 12,921 SF M3-1 zoned manufacturing lot available for sale.; Flat lot adjacent to railroad tracks.; Phase one construction complete.
    Request Owner's contact information
    Lake Ave Staten Island, NY 10303
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Lake Ave Staten Island, NY 10303
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