Presenting an exceptional 3,000 SF mixed-use property strategically situated on Bay Street, just off the high-traffic Hylan Boulevard corridor. This premium asset offers a compelling opportunity for investors seeking passive income from established food operators or for an owner-user looking to capitalize on its versatile configuration. Key Features and… Read More Highlights: Turn-Key Restaurant: The ground floor boasts a fully renovated, over 1,000 SF restaurant space, complete with a full basement for storage and office use. The beautifully designed backyard provides an ideal setting for outdoor dining or private events, offering significant potential for increased revenue streams. Residential Units: Two spacious 1-bedroom, 1-bathroom apartments are located above the retail component, each featuring a dedicated office space and modern layouts tailored for today's urban lifestyle. Prime Visibility and Traffic: Positioned in one of Staten Island's most dynamic areas, this property benefits from substantial foot and vehicle traffic, enhancing its appeal to tenants and end-users alike. Alternatively, this property is well-suited for an owner-user seeking the opportunity to take over the existing restaurant while living in or renting out the apartments above. With its combination of retail and residential spaces, prime location, and potential for further development, this asset offers exceptional flexibility and long-term value. Read Less
Courtesy of Prereal Prendamano Real Estate.
Listing Snapshot
Days Online
100
Last Updated
Property Type
Single Family
Square Ft.
3,000
Lot Size
0.06 Acres
Year Built
1931
MLS Number
2500343
30 Days Snapshot Of 10305
$716k
0%
(avg) sold price
23
+9%
homes sold
167
+14%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1931, Building area total: 3,000, Leasable area: 3000, 1 building, 3 total stories, Construction materials: "Masonry", "Block"
Expenses
Operating expense: $16,841
Heating
"Hot Water", "Natural Gas"
Income
Gross income: $85,200, Net operating income: $68,359
Lot
0.06 acres, 2,824 square feet, Area: 2,824
Parking
"Street"
Property
Zoning: R4
Sewer
"City"
Taxes
Tax annual amount: $6,367
Utilities
Electric: "220 Volts"
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