2230 Victory BlvdStaten Island, NY 10314

Property Details for 2230 Victory Blvd

Year built

1988

Lot size

0.06 AC

Property size (Sq ft)

1,420 SF

Zone code

R3-2

Property type

Investment properties

Property subtype

Retail residential properties

APN

00736-0012

APU

7360012

Description

This exceptional mixed-use investment opportunity, located at 2230-2236 Victory Boulevard in Staten Island, Richmond County, New York (zip code 10314), presents a compelling case for immediate acquisition. The property, encompassing 4,809 square feet, is currently operating at 100% occupancy, generating a strong 5.00% cap rate. The asking price is $2,600,000. The building features a blend of retail and office space, with four retail stores on the ground level and four offices on the second level. This "turn-key" property benefits from ample parking for customers and convenient access to major highways connecting New York and New Jersey. The lease structure is a Net-Net-Net (NN+) agreement, with tenants responsible for all utilities (electric, gas, water) and maintenance expenses. The property is zoned R3-2 with a C1-1 overlay, offering potential for future expansion, subject to architectural review and approvals. This well-established strip mall presents a stable and lucrative investment opportunity with significant upside potential. Please note that the current tenants should not be disturbed.

• CAP approach

  CAP return

  Valuation

  6%

  $291,113

  6.5%

  $268,720

  7%

  $249,525

• Comparable approach

  Method

  Valuation

  Relative Method

  $287,583

  Geo Method

  $287,583

• Alternative Use

  Use

  Valuation

  Residential

  $268,720

  Hospitality

  $246,146

  Educational

  $204,790

  Medical

  $211,833

  Retail

  $318,563

Location Insight

City

Staten Island

County

Richmond

State

New York

Latitude

40.6117

Longitude

-74.1376

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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