586 Bay St Staten Island, NY 10304
- Investment properties
- 6,690 SF
- 0.10 lot acres
Current Use by Public Records
- Sweatbox Staten Island / Boxing Gym
Property Details for 586 Bay St
- Year built
- 2002
- Lot size
- 0.10 lot acres
- Property size
- 6,690 SF
- Zone code
- C4-2
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 00521-0022
- APU
- 5210022
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Staten Island
- County
- Richmond
- State
- New York
- Longitude
- -74.0764
- Latitude
- 40.6274
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
