305 Broadway Staten Island, NY 10310
- Mixed-use properties
- 11,900 SF
Current Use by Public Records
- Mixed-use properties
Property Details for 305 Broadway
- Year built
- 1930
- Property size
- 11,900 SF
- Property type
- Mixed-use properties
Description
This exceptional mixed-use investment opportunity presents a rare chance to acquire a fully occupied, nine-unit loft building situated at 305 Broadway, Staten Island, NY 10310. The property, comprised of two buildings, boasts a total of 11,900 square feet on a 6,900 square foot lot. Built in 1930, the two-story structure features distinctive architectural charm and spacious loft units, currently enjoying 100% occupancy. The property's strong tenant base consists of city workers and professionals, generating a substantial net operating income (NOI) of $183,769, resulting in an attractive 7.69% cap rate. The asking price is $2,388,888, translating to $200.75 per square foot. The property is zoned R3A C1-2, offering potential for expansion and value enhancement through the addition of further units. This fee-simple ownership presents a compelling investment prospect for both seasoned investors and developers seeking a high-yield, stable income stream in a desirable location. The property's strong financials and potential for future growth make it an exceptional addition to any portfolio.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Staten Island
- County
- Richmond
- State
- New York
- Longitude
- -74.1171
- Latitude
- 40.6339
