1674-1696 Richmond

Calling All Investors, Developers & End-Users!!! 26,000 Sqft. 10 Unit Strip Center On A 27,000 Sqft. Lot For Sale On Richmond Road!!! The Property Features Great Exposure, Excellent Signage, R3-1/C1-1 Zoning, 32 Parking Spaces, High Ceilings, Restaurant, (2) Strategically Placed Curb Cuts, Private Parking Lot, Low Property Taxes, 3 Phase Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Staten Island Just Minutes From I-278, The Richmond County Country Club & The Verrazano Bridge!!! Neighbors Include Starbucks, Toyota, Honda, Northwell Health, Staples, CVS, OrangeTheory Fitness, Sherwin-Williams, Fine Fare Supermarkets, Subway, +++!!! The Property Has A Daily Traffic Count Of 16,500+ Vehicles Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!




Income:



1674. Cantina Valencia (2,578 Sqft.): $98,880 Ann.; Lease Exp.: 2/28/32. Tenant Pays Their Share Of Taxes.



1684. Storefront (13,000 Sqft.): $585,000 Ann. (Available)



1688. Storefront (1,200 Sqft.): $60,000 Ann. (Available)



1692. R & C Variety Corp. (1,000 Sqft.): $43,470 Ann. Lease Exp.: 9/30/32. Tenant Pays Their Share Of Taxes.



1694. Torino Pizza (900 Sqft.): $45,593 Ann.; Lease Exp.: 6/30/31. Tenant Pays Their Share Of Taxes.



1696. Yafei Deli (1,340 Sqft.): $50,058 Ann.; Lease Exp.: 12/31/30. Tenant Pays Their Share Of Taxes.



Pro Forma Gross Income: $883,001 Ann.



Expenses:



Gas: $0 Ann.



Electric: $0 Ann.



Maintenance & Repairs: $250 Ann.



Water & Sewer: $0 Ann.



Insurance: $8,386 Ann.



Taxes: $81,791.20 Ann.



Total Expenses: $90,427.20 Ann.



Tax Rebate (Paid By The Stores): $53,716.92 Ann.



Net Operating Income (NOI): $846,290.72 Ann. (Pro Forma 10.65% Cap!!!)





Reply, Reply All or Forward