96 Vreeland StStaten Island, NY 10302

Property Details for 96 Vreeland St

Year built

1931

Lot size

0.10 AC

Property size (Sq ft)

2,560 SF

Zone code

C4-2

Property type

Retail space

APN

01023-0013

APU

10230013

Description

This exceptional investment opportunity presents a rare chance to acquire a thriving wholesale bakery and two strategically located properties in Staten Island's desirable Elmpark neighborhood. The package includes a 2,500 square foot main building, complemented by an additional 2,600 square foot lower level, currently housing a well-established bakery operating successfully for over 40 years. The business boasts a strong reputation and loyal customer base, making it an attractive proposition for continued operation or potential redevelopment. Both properties sit on a 4,185 square foot lot and are zoned C4-2, offering flexibility for various commercial uses and potential residential development under R-6 zoning. The building, constructed in 1931, is a single-story structure. The asking price is $2,000,000, representing a compelling $222 per square foot and a remarkable 39% capitalization rate with a Net Operating Income (NOI) of $780,000. Annual property taxes are $10,953. The property's convenient location offers easy access to the Staten Island Railway, numerous bus routes, and the Goethals Bridge, providing excellent connectivity for both residents and businesses. This turnkey opportunity combines a profitable, established business with significant real estate potential, presenting a unique and lucrative investment. This is a truly exceptional opportunity for a savvy investor seeking a high-return, multi-faceted investment.

Location Insight

City

Staten Island

County

Richmond

State

New York

Latitude

40.6372

Longitude

-74.1333

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].