53 Victory Blvd Staten Island, NY 10301-2937
- Investment properties
- 3,144 SF
- 0.06 lot acres
Current Use by Public Records
- AR Wireless USA Inc / Telecommunications / Electronic Parts Supplier
- New Beauty Heart Nail / Nail Salon
Property Details for 53 Victory Blvd
- Year built
- 1900
- Lot size
- 0.06 lot acres
- Property size
- 3,144 SF
- Zone code
- C4-2
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 00016-0147
- APU
- 160147
Description
This exceptional investment opportunity encompasses a 3-story, 3,144 sq ft mixed-use building at 53 Victory Blvd, Staten Island, NY 10301, featuring four units (two 3-bedroom apartments and two retail spaces) currently at 25% occupancy, and an adjacent vacant lot at 51 Victory Blvd. The building, constructed in 1900, sits on a 5,000 sq ft lot and boasts a pro-forma NOI of $202,491, representing an 8.3% capitalization rate. The asking price is $1,600,000 ($508.91/sq ft). The vacant lot, valued at $750,000 ($300/sq ft), has approved plans for a six-unit mixed-use building, leveraging the C4-2 zoning. The combined properties offer significant value-add potential through renovations and lease optimization. The building can be delivered vacant. An additional 5,356 sq ft of air rights are available. This opportunistic investment presents a chance to capitalize on St. George's growing real estate market and strong rental demand. The property is a turnkey solution with seller financing potentially available for the land portion. Offers on individual properties may be considered.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $580,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $565,000
- 6.5%
- $575,000
- 7%
- $525,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $475,000
- Geo Method
- $635,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $485,000
- Retail
- $620,000
- Mixed-Use
- $510,000
- Hospitality
- $655,000
- Educational
- $635,000
- Residential Income
- $500,000
- Energy
- $560,000
- Income-Based Land
- $625,000
- Food Service
- $645,000
Location Insight
- Map
- Local Demand
- City
- Staten Island
- County
- Richmond
- State
- New York
- Longitude
- -74.0774
- Latitude
- 40.6382
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA