388 Van Duzer St - Storefront Retail/Residential FOR SALE


Staten Island, NY 10304- Stapleton
$1,700,000 USD
347-552-1207
388 Van Duzer St, Staten Island, NY for Sale
$1,700,000 USD
Storefront Retail/Residential - FOR SALE
1/38
null | Request Cap Rate

388 Van Duzer St
Staten Island, NY 10304
Stapleton


HIGHLIGHTS

  • High return Value Add
  • Minimal Cap-Ex
  • Close to Public Transport
  • Emerging Market
  • High Traffic Count

OVERVIEW

This six-unit mix-use property presents a compelling value-add investment in the rapidly developing Van Duzer corridor of Staten Island. With significant upside potential, this asset offers an opportunity to reposition the property and increase revenue through strategic rent optimization. The pro forma cap rate of 10.27% highlights the strong investment potential, driven by under-market rents and operational efficiencies. With a targeted repositioning strategy, investors can unlock substantial NOI growth, enhancing both cash flow and long-term appreciation. Located in a high-demand rental market, the property benefits from proximity to transportation, dining, and retail amenities, ensuring strong tenant demand. This is an ideal opportunity for an investor seeking to maximize yield through a proven value-add strategy in an evolving submarket. Please reach out for full underwriting and projection

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$818 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

R3-2/C1-2

APN/PARCEL ID

00518-0004

ASK ABOUT THIS PROPERTY

Michael RaiaOzana Realty GroupMore Info
347-552-1207

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Michael RaiaOzana Realty GroupMore Info
347-552-1207

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.