364 Decker AveBrooklyn, NY 10302

Property Details for 364 Decker Ave

Year built

1930

Lot size

0.10 AC

Property size (Sq ft)

1,951 SF

Zone code

R3-1

Property type

Office buildings

APN

01065-0113

APU

10650113

Description

This exceptional investment opportunity presents a four-unit commercial office building located at 364 Decker Avenue in Port Richmond, Staten Island, New York, 10302. The property boasts 1,500 square feet of office space spread across four units, making it an ideal investment for a passive income stream. Situated on a 4,366 square foot lot (37x118), the building enjoys a prime location just 100 feet from the busy Forest Avenue intersection, ensuring high visibility and accessibility. The building is in excellent condition and currently houses tenants, all of whom are responsible for their own heating and air conditioning costs, minimizing the owner's operational expenses. Ceiling heights range from 8 to 10 feet, providing ample space and a comfortable working environment. The property is well-suited for a variety of office uses, including contractors, electricians, and other professional services. All national tenants are welcome. The asking price for this turnkey investment property is $895,000. This represents a rare chance to acquire a well-maintained, easily managed commercial building in a thriving Staten Island location.

• CAP approach

  CAP return

  Valuation

  6%

  $322,559

  6.5%

  $297,746

  7%

  $276,479

• Comparable approach

  Method

  Valuation

  Relative Method

  $254,918

  Geo Method

  $254,918

• Alternative Use

  Use

  Valuation

  Residential

  $369,206

  Hospitality

  $338,190

  Educational

  $281,370

  Medical

  $291,047

  Retail

  $437,687

Location Insight

City

Staten Island

County

Richmond

State

New York

Latitude

40.6251

Longitude

-74.1416

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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