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585 North Gannon Avenue
Staten Island New York 10314

$3,125,000real estate property listed by Realty Executives real estate property listing

Active Listing ID 427992
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11,740 square feet
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Built in 1987
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$3,125,000real estate property listed by Realty Executives real estate property listing

Active Listing ID 427992

585 North Gannon Avenue Prime office/retail building 11, 740sqft, located right off Staten Island Expressway, great highway visibility. Parking for 40 cars. First floor beautifully finished office space, well mixed private offices, executive offices, board room and open space to accommodate multiple cubicle arrangements. 3 bathrooms and a kitchen. First floor is available for owner user or for lease with option to buy. Many possible uses, from offices, medical offices, urgent care, banking, or law offices. The second floor space is 100% occupied by four tenants, each with annual rent increases and staggered lease expirations. The 3800sqft lower level is 100% occupied by the Amazing Escape Room. Lease recently renewed for an additional 5 years. Aggressively priced at 6.5% cap rate fully rented. Replacement cost without the land is higher than the asking price. Net operation income $225, 097.

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Property Features

  • Facts
  • Built in: 1987
  • Property Type: Commercial
  • Property Sub-type: Commercial
  • Borough: Staten Island
  • Lot Sq Ft: 25000
  • Features
  • Cooling System: 5+
  • Roof Type: Flat
  • Heating Fuels: Gas
  • Heating Systems: Hot Air
  • Parking Feature Single: Other

Additional Property Information

  • Class Description: Cross Property
  • Commercial Condo YN: 0
  • County Or Parish: Staten Island
  • Listing Last Updated: 2019-03-13T14:15:49.227
  • Photo Count: 6
  • Pictures Last Updated: 2019-03-13T14:22:48.883
  • Year Built: 1987
  • Zoning: C1-1
Listing Changed: 7/21/2020 5:17:03 PM GMT
Source Updated Date: 8/6/2020 10:02:19 AM GMT

Courtesy of: Sal Calabrese, Realty Executives Metro

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The accuracy of all information, regardless of source, including but not limited to square footage and lot sizes, is deemed reliable but not guaranteed or warranted. All information should be independently verified through personal inspection by and/or with the appropriate professionals.