871 Post Ave Staten Island, NY 10310-1938

Property Details for 871 Post Ave

Year built

1930

Lot size

0.34 lot acres

Property size

2,900 SF

Zone code

R3A

Property type

Investment properties

Property subtype

Live-work space

APN

00215-0256

APU

2150256

Description

This exceptional Staten Island mixed-use building presents a compelling investment opportunity. Located at 871 Post Avenue, this 3,000 square foot property sits on a substantial 14,904 square foot lot and boasts a large rear yard exceeding 7,000 square feet. Built in 1930 and extensively renovated in 2022, the two-story structure currently houses five units: two retail stores and three apartments, all operating at 100% occupancy. Generating a strong net operating income (NOI) of $87,640, this property offers a compelling 5.48% cap rate at an asking price of $1,599,999 ($533.33 per square foot). The C2-1/R3-A zoning permits a variety of uses and development possibilities. The existing retail space includes a large, high-ceiling basement. The current floor area ratio (FAR) of 0.19 presents significant potential for expansion or redevelopment, subject to architectural review and necessary approvals. This property is ideally suited for investors seeking strong returns, developers looking for a prime redevelopment site, or owner-occupiers interested in a multi-income stream property. The property's prime location near the busy intersection of Post and Jewett Avenues adds to its considerable appeal. This is a rare opportunity to acquire a fully leased, high-performing asset with substantial upside potential in a desirable Staten Island location.