586 Bay St Staten Island, NY 10304-3847

This exceptional mixed-use property, located at 586 Bay St, Staten Island, NY 10304, presents a lucrative investment opportunity. The building, constructed in 2002, boasts a 4,349 sq ft lot and a substantial 6,690 sq ft of climate-controlled space. The first floor houses a thriving commercial space currently leased as a gym, generating a monthly income of $4,600 with built-in rent increases. The second floor features two completely renovated, two-bedroom, two-bathroom apartments, each commanding monthly rents of $1,600 and $1,700 respectively. All units are individually metered for utilities, simplifying management. The building's sturdy cinder block construction ensures durability and longevity. The property is zoned C4-2, offering flexibility for future uses. This turnkey investment is ideal for savvy investors seeking a stable, high-yield return. The asking price is $1,300,000. This represents a compelling opportunity to acquire a well-maintained, income-producing asset in a desirable Staten Island location.