1292 Victory BlvdStaten Island, NY 10301

Property Details for 1292 Victory Blvd

Year built

1955

Lot size

0.09 AC

Property size (Sq ft)

2,392 SF

Zone code

R2

Property type

Office properties

Property subtype

Office buildings

APN

00672-0006

APU

6720006

Description

This single-story, 2,392 square foot office building presents a unique investment opportunity in Staten Island's desirable Sunnyside neighborhood. Built in 1955, the property sits on a 4.01-square-foot lot and is currently zoned O1, allowing for its continued use as an executive, medical, or traditional office space. The building features a well-maintained interior with hardwood floors throughout, and includes three bedrooms and one and a half bathrooms. Its single-level layout offers convenience and accessibility. The spacious interior is adaptable to various professional uses or, with potential re-zoning, could be converted to residential use. The property's location provides easy access to local amenities, schools, and transportation options. Priced at $799,000, this versatile property offers significant potential for return on investment. Its current configuration as an office space, combined with the possibility of residential conversion, makes it an attractive option for a wide range of buyers. The property's solid construction and desirable location make it a compelling investment opportunity in a thriving Staten Island community.

• CAP approach

  CAP return

  Valuation

  6%

  $395,469

  6.5%

  $365,048

  7%

  $338,973

• Comparable approach

  Method

  Valuation

  Relative Method

  $312,539

  Geo Method

  $312,539

• Alternative Use

  Use

  Valuation

  Residential

  $452,660

  Hospitality

  $414,634

  Educational

  $344,971

  Medical

  $356,835

  Retail

  $536,621

Location Insight

City

Staten Island

County

Richmond

State

New York

Latitude

40.615

Longitude

-74.1064

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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