868 Post AveStaten Island, NY 10310

Property Details for 868 Post Ave

Year built

1940

Lot size

0.12 AC

Property size (Sq ft)

5,160 SF

Zone code

R3A

Property type

Retail residential properties

APN

00238-0094

APU

2380094

Description

This exceptional 7-unit mixed-use building, located at 868 Post Avenue in Staten Island, presents a compelling investment opportunity. The property boasts 5,160 square feet across two stories, situated on a 5,200 square foot lot (APN 238-94). Built in 1930 and extensively renovated in 2020, the building is currently 100% occupied, generating a strong net operating income (NOI) of $155,690, representing a 6.23% capitalization rate. The asking price is $2,499,999 ($484.50 per square foot). The property features five retail storefronts and two three-bedroom apartments, along with convenient front parking. Its prime location at a busy intersection of Post and Jewett Avenues offers excellent visibility and accessibility, with easy access to the 440N and the Bayonne Bridge. The property is zoned C2-1/R3-A, providing flexibility for future uses. This fully leased building is ideal for investors seeking consistent rental income and a strong return on investment from a recently renovated asset in a desirable location. The building's solid construction and high occupancy rate ensure a stable and profitable investment. This is a rare opportunity to acquire a well-maintained, high-performing mixed-use property in a thriving Staten Island market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,057,847

  6.5%

  $976,474

  7%

  $906,726

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,045,019

  Geo Method

  $1,045,019

• Alternative Use

  Use

  Valuation

  Residential

  $976,474

  Hospitality

  $894,445

  Educational

  $744,168

  Medical

  $769,761

  Retail

  $1,157,594

Location Insight

City

Staten Island

County

Richmond

State

New York

Latitude

40.6308

Longitude

-74.1301

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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