217 Main StStaten Island, NY 10307

Property Details for 217 Main St

Year built

1931

Lot size

0.64 AC

Property size (Sq ft)

21,472 SF

Zone code

R3A

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

08047-0035

APU

80470035

Description

This exceptional 20,280-square-foot retail property at 217 Main St is a brand-new, single-tenant building constructed in 2024. The building features a unique steel structure and boasts high-quality construction. The property sits on a 21,840-square-foot lot and includes 25 parking spaces. Currently, the entire 20,280 square feet is vacant and available for lease. However, the building also offers a flexible layout with three separate commercial spaces totaling 8,400 square feet already subdivided. These spaces are individually sized at 1,100, 700, and 6,600 square feet, offering various options for potential tenants. The property is zoned C2-1, allowing for a wide range of uses, including retail, medical, and academic centers. In addition to the commercial space, the building also includes 11 luxury residential rental apartments. The property is eligible for the Commercial Abatement Program (ICAP), offering potential tax benefits. This prime location presents a unique opportunity for a variety of businesses seeking a modern, high-quality space in a desirable area. The APN is 08047-0035.

• CAP approach

  CAP return

  Valuation

  6%

  $4,401,954

  6.5%

  $4,063,342

  7%

  $3,773,104

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,348,574

  Geo Method

  $4,348,574

• Alternative Use

  Use

  Valuation

  Residential

  $4,063,342

  Hospitality

  $3,722,000

  Educational

  $3,096,660

  Medical

  $3,203,159

  Retail

  $4,817,026

Location Insight

City

Staten Island

County

Richmond

State

New York

Latitude

40.51

Longitude

-74.2471

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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