38 Androvette St Staten Island, NY 10309
- Investment properties
- 2,435 SF
- 0.13 lot acres
Current Use by Public Records
- Oh How Cute, Inc. / Party Store
Property Details for 38 Androvette St
- Year built
- 1946
- Lot size
- 0.13 lot acres
- Property size
- 2,435 SF
- Zone code
- M1-1
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 07590-0030
- APU
- 75900030
Description
This exceptional opportunity presents the acquisition of "Oh How Cute LLC," a thriving wholesale party supply business boasting a remarkable 35-year history in Staten Island, New York. Located at 38 Androvette St, 10309, this owner-user investment encompasses a 2,435 square foot space and offers a turnkey operation ready for immediate success. The sale includes all existing inventory, providing a seamless transition for the new owner. Furthermore, the business comes with over 40 established contracts with nationwide retail chains, ensuring a strong and diverse customer base. This presents significant potential for continued growth and expansion, with ample room for value addition. The sale also includes the valuable asset of introductions to key relationships built over the business's extensive history. Two paid-off delivery vans are included, streamlining logistics and reducing operational costs. The asking price for this well-established and profitable business is $599,999. This is a rare opportunity to acquire a mature, successful business with a proven track record and significant growth potential. The business is categorized as "Business Only" and is situated in Richmond County. This is an ideal investment for an entrepreneur seeking a stable and profitable venture with immediate revenue generation.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $275,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $365,000
- 6.5%
- $360,000
- 7%
- $315,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $360,000
- Geo Method
- $360,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $325,000
- Retail
- $290,000
- Mixed-Use
- $355,000
- Hospitality
- $375,000
- Educational
- $370,000
- Residential Income
- $310,000
- Energy
- $340,000
- Income-Based Land
- $370,000
- Food Service
- $370,000
Location Insight
- Map
- Local Demand
- City
- Staten Island
- County
- Richmond
- State
- New York
- Longitude
- -74.2374
- Latitude
- 40.5347
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
