2120 Hylan BlvdStaten Island, NY 10306

  • Investment properties
  • 3,953 SF

Property Details for 2120 Hylan Blvd

Year built
1996
Lot size
0.19 AC
Property size (Sq ft)
3,953 SF
Zone code
C8-1
Property type
Investment properties
Property subtype
Retail residential properties
APN
03688-0001
APU
36880001

Description

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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$12,011
$101,250
$12,150
$113,400
-
$225,000
$27,000
$252,000

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