38 Androvette StStaten Island, NY 10309

Property Details for 38 Androvette St

Year built

1946

Lot size

0.13 AC

Property size (Sq ft)

2,435 SF

Zone code

M1-1

Property type

Investment properties

Property subtype

Live-work space

APN

07590-0030

APU

75900030

Description

This exceptional opportunity presents the acquisition of "Oh How Cute LLC," a thriving wholesale party supply business boasting a remarkable 35-year history in Staten Island, New York. Located at 38 Androvette St, 10309, this owner-user investment encompasses a 2,435 square foot space and offers a turnkey operation ready for immediate success. The sale includes all existing inventory, providing a seamless transition for the new owner. Furthermore, the business comes with over 40 established contracts with nationwide retail chains, ensuring a strong and diverse customer base. This presents significant potential for continued growth and expansion, with ample room for value addition. The sale also includes the valuable asset of introductions to key relationships built over the business's extensive history. Two paid-off delivery vans are included, streamlining logistics and reducing operational costs. The asking price for this well-established and profitable business is $599,999. This is a rare opportunity to acquire a mature, successful business with a proven track record and significant growth potential. The business is categorized as "Business Only" and is situated in Richmond County. This is an ideal investment for an entrepreneur seeking a stable and profitable venture with immediate revenue generation.

• CAP approach

  CAP return

  Valuation

  6%

  $402,578

  6.5%

  $371,611

  7%

  $345,067

• Comparable approach

  Method

  Valuation

  Relative Method

  $318,157

  Geo Method

  $318,157

• Alternative Use

  Use

  Valuation

  Residential

  $460,797

  Hospitality

  $422,088

  Educational

  $351,172

  Medical

  $363,249

  Retail

  $546,268

Location Insight

City

Staten Island

County

Richmond

State

New York

Latitude

40.5347

Longitude

-74.2374

CBSA code

35620

CBSA name

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

Property Tax & Assessments

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