14 Bush AveStaten Island, NY 10303

Property Details for 14 Bush Ave

Property size (Sq ft)

5,592 SF

Property type

Mixed-use properties

Description

This meticulously renovated mixed-use building at 14 Bush Ave, Staten Island, NY 10303, presents a compelling investment opportunity. The property, situated on a 4,800 square foot lot, encompasses a total of 5,592 square feet across two stories. Currently operating at 33% occupancy, the building offers significant upside potential. The asking price is $1,050,000, representing a price per square foot of $187.77 and a current cap rate of 9.00%. The building features two ground-floor commercial spaces, perfect for a variety of uses, and a three-bedroom apartment on the upper level. Completed in 2022, the renovations included new electrical and plumbing systems. The property benefits from a R3A, C2-2 zoning designation, allowing for flexibility in future uses. The building's 45 x 92 foot footprint provides excellent visibility and accessibility within a bustling neighborhood. A pro-forma NOI of $10,000 and a pro-forma cap rate of 0.95% indicate strong potential for increased profitability. This stabilized investment is offered as a 1031 exchange opportunity. This is a rare chance to acquire a well-located, renovated mixed-use property in a growing area of Staten Island.

Location Insight

City

Staten Island

County

Richmond

State

New York

Latitude

40.6365

Longitude

-74.1594

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].