This exceptional Staten Island commercial property offers a 7,000 square foot shell structure on an 8,170 square foot lot, situated on high-traffic Hylan Boulevard with prominent frontage. The two-story, Class B building, constructed in 1998, boasts 20+ parking spaces and a single shell elevator. Zoned C8-1, it features 220-volt power and is ideal for retail or office use. The property benefits from exceptional visibility, attracting over 55,000 cars daily. An additional 5,000 square foot residential parcel at the rear, including a two-family house, offers potential for expansion or added parking. This ground lease presents a unique opportunity for a long-term tenant to customize the space and establish a strong presence in a thriving commercial area. The building's features include a 1.0 FAR, and the property's address is 2120 Hylan Blvd, Staten Island, NY 10306, with a cross street of Midland Avenue. The property is located within the Staten Island submarket of New York City. This is a single-tenant property with flexible lease terms.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$810,401
6.5%
$748,062
7%
$694,629
Comparable approach
Method
Valuation
Relative Method
$800,573
Geo Method
$800,573
Alternative Use
Use
Valuation
Residential
$748,062
Hospitality
$685,221
Educational
$570,096
Medical
$589,702
Retail
$886,816
Location Insight
City
Staten Island
County
Richmond
State
New York
Latitude
40.5786
Longitude
-74.1012
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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