2936 Hylan BlvdStaten Island, NY 10306

Property Details for 2936 Hylan Blvd

Year built

1997

Lot size

0.06 AC

Property size (Sq ft)

2,692 SF

Zone code

R2

Property type

Investment properties

Property subtype

Live-work space

APN

04015-0014

APU

40150014

Description

This exceptional mixed-use property, located at 2936 Hylan Blvd, Staten Island, NY 10306, presents a unique investment opportunity. The 3,000 square foot building, constructed in 1997, sits on a 2,596 square foot lot and is zoned R2. The property features a thriving dental office occupying the majority of the space, boasting four treatment rooms, a lab, sterilization area, reception area, and waiting room. A lower level provides an employee lounge, full bath, and ample storage. A one-car garage is also included. A separate five-room apartment, currently integrated into the dental practice, offers additional income potential or flexibility for the owner. This apartment has its own separate entrance. The basement also has a separate entrance. The current monthly rental income for the entire building is $8,300. The property benefits from a permanent variance for dental and professional use and a robust 200 AMP electrical service. The building is a three-story structure with one parking space. This fee-simple ownership offers a compelling blend of income generation and potential for future expansion or modification. The property's strong cash flow, established tenant, and desirable location make it an attractive investment for owner-users or seasoned investors seeking a stable, high-return asset. The property's APN is 04015-0014.

• CAP approach

  CAP return

  Valuation

  6%

  $445,068

  6.5%

  $410,832

  7%

  $381,487

• Comparable approach

  Method

  Valuation

  Relative Method

  $351,737

  Geo Method

  $351,737

• Alternative Use

  Use

  Valuation

  Residential

  $509,432

  Hospitality

  $466,637

  Educational

  $388,236

  Medical

  $401,588

  Retail

  $603,923

Location Insight

City

Staten Island

County

Richmond

State

New York

Latitude

40.5616

Longitude

-74.1184

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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