96 Vreeland St Staten Island, NY 10302-1445

Property Details for 96 Vreeland St

Year built

1931

Lot size

0.10 lot acres

Property size

2,560 SF

Zone code

C4-2

Property type

Retail space

APN

01023-0013

APU

10230013

Description

This exceptional investment opportunity presents a rare chance to acquire a thriving wholesale bakery and two strategically located properties in Staten Island's desirable Elmpark neighborhood. The package includes a 2,500 square foot main building, complemented by an additional 2,600 square foot lower level, currently housing a well-established bakery operating successfully for over 40 years. The business boasts a strong reputation and loyal customer base, making it an attractive proposition for continued operation or potential redevelopment. Both properties sit on a 4,185 square foot lot and are zoned C4-2, offering flexibility for various commercial uses and potential residential development under R-6 zoning. The building, constructed in 1931, is a single-story structure. The asking price is $2,000,000, representing a compelling $222 per square foot and a remarkable 39% capitalization rate with a Net Operating Income (NOI) of $780,000. Annual property taxes are $10,953. The property's convenient location offers easy access to the Staten Island Railway, numerous bus routes, and the Goethals Bridge, providing excellent connectivity for both residents and businesses. This turnkey opportunity combines a profitable, established business with significant real estate potential, presenting a unique and lucrative investment. This is a truly exceptional opportunity for a savvy investor seeking a high-return, multi-faceted investment.

Location Insight

City

Staten Island

County

Richmond

State

New York

Longitude

-74.1333

Latitude

40.6372

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments