868 Post Ave Staten Island, NY 10310-1939
- Retail residential properties
- 5,160 SF
- 0.12 lot acres
Current Use by Public Records
- www.desgamins.com / (Bike/Boat/Book/etc) Store / Clothing & Fashion Store
- Mexicana Car Service / Freight Service / Logistics Company
- Post Corner Convenience / Courier Service / Postal Service
Property Details for 868 Post Ave
- Year built
- 1940
- Lot size
- 0.12 lot acres
- Property size
- 5,160 SF
- Zone code
- R3A
- Property type
- Retail residential properties
- APN
- 00238-0094
- APU
- 2380094
Description
This exceptional 7-unit mixed-use building, located at 868 Post Avenue in Staten Island, presents a compelling investment opportunity. The property boasts 5,160 square feet across two stories, situated on a 5,200 square foot lot (APN 238-94). Built in 1930 and extensively renovated in 2020, the building is currently 100% occupied, generating a strong net operating income (NOI) of $155,690, representing a 6.23% capitalization rate. The asking price is $2,499,999 ($484.50 per square foot). The property features five retail storefronts and two three-bedroom apartments, along with convenient front parking. Its prime location at a busy intersection of Post and Jewett Avenues offers excellent visibility and accessibility, with easy access to the 440N and the Bayonne Bridge. The property is zoned C2-1/R3-A, providing flexibility for future uses. This fully leased building is ideal for investors seeking consistent rental income and a strong return on investment from a recently renovated asset in a desirable location. The building's solid construction and high occupancy rate ensure a stable and profitable investment. This is a rare opportunity to acquire a well-maintained, high-performing mixed-use property in a thriving Staten Island market.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $884,000
Market price range: $399k - $884k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,165,000 Current use
- AUTO REPAIR, GARAGE
- $1,810,000 Change: +56% Conversion: Difficult
- RETAIL STORES
- $1,715,000 Change: +47% Conversion: Easy
- OFFICE BUILDING
- $1,545,000 Change: +33% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $1,105,000 Change: -5% Conversion: Moderate
- WAREHOUSE, STORAGE
- $970,000 Change: -17% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Staten Island
- County
- Richmond
- State
- New York
- Longitude
- -74.1301
- Latitude
- 40.6308
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA