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 / Children'S Store
- Mexicana Car Service / Transportation Service
- Post Corner Convenience / Shipping And Mailing 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 Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $400,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $440,000
- 6.5%
- $430,000
- 7%
- $405,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $435,000
- Geo Method
- $340,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $455,000
- Retail
- $445,000
- Mixed-Use
- $430,000
- Hospitality
- $430,000
- Educational
- $360,000
- Residential Income
- $380,000
- Energy
- $360,000
- Income-Based Land
- $355,000
- Food Service
- $370,000
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
