706-255-5657
80-84 Granite Ave, Staten Island, NY for Sale
Light Distribution - FOR SALE
1/11
null | Request Cap Rate

80-84 Granite Ave
Staten Island, NY 10303
Mariners Park


HIGHLIGHTS

  • $1.03M Pro Forma NOI
  • Up to 101K BSF on a 50,500 SF Lot
  • Prime Distribution Area for NY and NJ
  • Significant Upside with No Renewal Options
  • Investor or End-User Opportunity in an Opportunity Zone
  • Main tenant leaving in 2025 with potential replacement upping rent from $16k/mo to $24k/mo

OVERVIEW

Investor and end-user potential! Welcome to 80 Granite Avenue and 71 Houseman Avenue, a remarkable 42,546 SF industrial/flex property and additional ~17,500 SF lot of land in Mariner's Harbor, Staten Island. Sitting only two blocks from the Bayonne Bridge and five minutes from the BQE, this well situation property allows quick access to Brooklyn, Jersey City, Elizabeth, and the Newark Airport. Granite is a high-quality 2010 development with extra thick concrete walls and steel support beams, multiple loading docks, small bays, drive-ins, and a large freight elevator. It encompasses a half-block with two corners offering multiple entrance or block-through possibilities, and maximum of 101,000 BSF (58,452 additional BSF) between the two lots which total 50,500 SF. With two-thirds of the leases expiring in 2025 and no tenant renewal options remaining, an investor could significantly and quickly increase the rental income by more than 30% while an end-user has the opportunity occupy more than half of the space by mid-2025. Please reach out to to discuss this opportunity, set up a showing, or make an offer.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Distribution

ADD'L SUBTYPES

undefined, Warehouse, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2010

UTILITIES

-

CLEAR CEILING HT

16 Ft

DOCKS

4

DRIVE INS

6

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.16

LAND SF

50,530

ZONING

M3-1

APN/PARCEL ID

01157-0017,01157-0031

ASK ABOUT THIS PROPERTY

Nathan HorneCompassMore Info
706-255-5657

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Nathan HorneCompassMore Info
706-255-5657

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