109 Montgomery AveStaten Island, NY 10301

Property Details for 109 Montgomery Ave

Year built

1944

Lot size

0.10 AC

Property size (Sq ft)

3,500 SF

Zone code

C4-2

Property type

Auto shops

APN

00016-0019

APU

160019

Description

This exceptional 4,250-square-foot warehouse at 109 Montgomery Avenue, Staten Island, NY 10301, presents a compelling investment opportunity. Priced at $1,250,000, this single-story building sits on a 4,250-square-foot lot and boasts impressive 20+ foot ceilings, providing ample vertical space for various uses. Recently updated electrical and gas systems ensure efficient operation. The property's C4-2 zoning designation unlocks significant development potential, making it ideal for a range of commercial or industrial ventures. Its strategic location in downtown St. George offers convenient access to public transportation and the vibrant community amenities of the area. The 50x85 footprint provides a versatile layout adaptable to diverse business needs, allowing for substantial expansion possibilities. The property's excellent condition and prime location combine to create a rare opportunity for businesses seeking a flexible and well-situated space in a thriving area. Architectural consultation is recommended to fully explore the property's development potential. Don't miss this chance to acquire a well-maintained, strategically located warehouse in a growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $850,622

  6.5%

  $785,190

  7%

  $729,105

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,152,421

  Geo Method

  $1,152,421

• Alternative Use

  Use

  Valuation

  Residential

  $662,337

  Hospitality

  $606,697

  Educational

  $504,765

  Medical

  $522,124

  Retail

  $785,190

Location Insight

City

Staten Island

County

Richmond

State

New York

Latitude

40.6392

Longitude

-74.0779

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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