14 Bush Ave Staten Island, NY 10303
- Mixed-use properties
- 5,592 SF
Current Use by Public Records
- Mixed-use properties
Property Details for 14 Bush Ave
- Property size
- 5,592 SF
- Property type
- Mixed-use properties
Description
This meticulously renovated mixed-use building at 14 Bush Ave, Staten Island, NY 10303, presents a compelling investment opportunity. The property, situated on a 4,800 square foot lot, encompasses a total of 5,592 square feet across two stories. Currently operating at 33% occupancy, the building offers significant upside potential. The asking price is $1,050,000, representing a price per square foot of $187.77 and a current cap rate of 9.00%. The building features two ground-floor commercial spaces, perfect for a variety of uses, and a three-bedroom apartment on the upper level. Completed in 2022, the renovations included new electrical and plumbing systems. The property benefits from a R3A, C2-2 zoning designation, allowing for flexibility in future uses. The building's 45 x 92 foot footprint provides excellent visibility and accessibility within a bustling neighborhood. A pro-forma NOI of $10,000 and a pro-forma cap rate of 0.95% indicate strong potential for increased profitability. This stabilized investment is offered as a 1031 exchange opportunity. This is a rare chance to acquire a well-located, renovated mixed-use property in a growing area of Staten Island.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Staten Island
- County
- Richmond
- State
- New York
- Longitude
- -74.1594
- Latitude
- 40.6365
