2071 Clove RdStaten Island, NY 10304

Property Details for 2071 Clove Rd

Year built

1939

Lot size

2.37 AC

Property size (Sq ft)

54,500 SF

Zone code

C8-1

Property type

Investment properties

Property subtype

Retail residential properties

APN

02921-0006

APU

29210006

Description

This exceptional commercial property, located at 2071 Clove Rd. in the vibrant Grasmere section of Staten Island, presents a unique investment opportunity. The complex boasts a total of 54,000 square feet across eight buildings, offering a diverse range of spaces suitable for various business needs. Currently, three retail/office spaces are available, ranging from 1,360 to 3,067 square feet, ideal for businesses seeking high visibility and convenient access. The property's Class B designation reflects its well-maintained condition and functional layout. Built in 1939, the complex benefits from ample parking with 120 spaces available for tenants and customers. Its strategic location offers unparalleled convenience, being just steps away from the Grasmere train station and a major bus stop, ensuring excellent accessibility for employees and clients. The property is zoned C8-1, providing flexibility for a variety of commercial uses. The property's address is 2071 Clove Rd., with a cross street of Mosel Ave., and its Assessor's Parcel Number (APN) is 5029210006 in Richmond County. Elevators are available for convenient access to multiple floors. This multi-tenant property offers a compelling blend of location, size, and amenities, making it an attractive proposition for discerning investors and businesses alike.

• CAP approach

  CAP return

  Valuation

  6%

  $11,172,993

  6.5%

  $10,313,532

  7%

  $9,576,851

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,037,504

  Geo Method

  $11,037,504

• Alternative Use

  Use

  Valuation

  Residential

  $10,313,532

  Hospitality

  $9,447,140

  Educational

  $7,859,909

  Medical

  $8,130,224

  Retail

  $12,226,525

Location Insight

City

Staten Island

County

Richmond

State

New York

Latitude

40.605

Longitude

-74.0832

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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