Courtesy of: Siu Lun (Allen)Tang, Re/Max Real Estate Professiona, agentallentang@gmail.com
Courtesy of: Siu Lun (Allen)Tang, Re/Max Real Estate Professiona, agentallentang@gmail.com
$1,950,000
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11,400 square feet
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Lot: 0.09 Acres
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Other
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$1,950,000
970 Post Avenue Prime Mixed-Use Investment Opportunity. 100% Leased Turn-Key Asset with Cap Rate / ROI: Over 7%. Gross Annual Income: $217, 176. An exceptionally stable, high-yield mixed-use property in a high-demand Staten Island location. Built on a commanding 38' x 100' footprint spanning 11, 400 sq. ft., this fully brick, low-maintenance building is 100% occupied and features a perfectly balanced mix of multi-family housing and long-term retail anchors. Guaranteed Multi-Family Income: 8 fully leased, rent-stabilized apartments (4 two-bedroom and 4 one-bedroom units) providing exceptional tenant retention, predictable rent rolls - Anchored Commercial Storefronts: 2 highly successful retail spaces including a long-term Laundromat ($3, 395/mo; 7 years remaining + 5-year option) and a neighborhood Grocery Store ($3, 500/mo; 3 years remaining) - 100% Inflation-Protected Compound Growth: Highly rare lease structures where every single residential and commercial tenant in the building has a built-in 3% annual rent escalation clause, guaranteeing compound revenue growth across the entire asset - Strong Net Financials: Gross Income of $217, 176/year against low operating expenses of $62, 600/year (Taxes: $34k, Utilities/Ins/Maint: $28.6k). Situated on a high-visibility corner with excellent foot traffic, immediate transit access, and strong neighborhood demographics, this turn-key asset is an ideal fit for 1031 exchange buyers or portfolio expansion.
Courtesy of: Siu Lun (Allen)Tang, Re/Max Real Estate Professiona, agentallentang@gmail.com
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