129 New Dorp PlzStaten Island, NY 10306

Property Details for 129 New Dorp Plz

Year built

1931

Lot size

0.13 AC

Property size (Sq ft)

3,012 SF

Zone code

R3-1

Property type

Office buildings

APN

04206-0005

APU

42060005

Description

This exceptional mixed-use property at 129 New Dorp Plaza, Staten Island, presents a unique investment opportunity. The fully renovated building, completed in 2024, boasts a total of 3,012 square feet spread across two stories within two buildings, situated on a 5,489 square foot lot. The property features six offices, ideal for executive, medical, or traditional office uses, catering to diverse professional needs. A fully finished basement provides ample additional space. Adding to its versatility, a two-bedroom apartment with a separate entrance offers excellent rental potential or owner occupancy. Significant improvements include a new roof, new windows, a new heating and air conditioning system, and brand new appliances in the apartment. The building is zoned C2-1, allowing for a range of commercial uses. The occupancy date is November 1, 2024. Originally constructed in 1931, this property has been meticulously updated to meet modern standards, offering a blend of historic charm and contemporary functionality. This is a turnkey opportunity to acquire a high-quality, income-generating asset in a desirable Staten Island location. The asking price is $1,199,000.

• CAP approach

  CAP return

  Valuation

  6%

  $497,974

  6.5%

  $459,668

  7%

  $426,834

• Comparable approach

  Method

  Valuation

  Relative Method

  $393,548

  Geo Method

  $393,548

• Alternative Use

  Use

  Valuation

  Residential

  $569,988

  Hospitality

  $522,106

  Educational

  $434,386

  Medical

  $449,325

  Retail

  $675,712

Location Insight

City

Staten Island

County

Richmond

State

New York

Latitude

40.5725

Longitude

-74.1195

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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