405 Arden AveStaten Island, NY 10312

Property Details for 405 Arden Ave

Year built

1960

Lot size

0.15 AC

Property size (Sq ft)

2,060 SF

Zone code

R3X

Property type

Investment properties

Property subtype

Live-work space

APN

05775-0001

APU

57750001

Description

This exceptional 2,400 square foot medical office building, situated on an 8,000 square foot lot at 405 Arden Avenue, Staten Island, NY 10312, presents a unique investment opportunity. The property, built in 1960 and extensively renovated in 2020, boasts a prime location at the corner of Arden Avenue and Woodrow Road. Currently, 1,200 square feet of first-floor space is available for lease, ideal for a single tenant. The existing layout includes a spacious waiting room with seating for 8-10 patients, three examination rooms, a dedicated laboratory, a reception area, and a restroom. The building is zoned for medical use and offers convenient on-site parking for six vehicles. While there is only one building on the property, it benefits from the recent renovations and its strategic location within Richmond County. The absence of elevators is noted, but the single-story layout ensures easy accessibility. This property is perfect for a medical practice seeking a well-maintained, conveniently located space in a thriving Staten Island community. The property's corner location provides excellent visibility and accessibility.

• CAP approach

  CAP return

  Valuation

  6%

  $340,580

  6.5%

  $314,381

  7%

  $291,925

• Comparable approach

  Method

  Valuation

  Relative Method

  $269,160

  Geo Method

  $269,160

• Alternative Use

  Use

  Valuation

  Residential

  $389,833

  Hospitality

  $357,085

  Educational

  $297,090

  Medical

  $307,308

  Retail

  $462,140

Location Insight

City

Staten Island

County

Richmond

State

New York

Latitude

40.5505

Longitude

-74.1876

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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