Print Friendly Share Map 491-497 JERSEY ST, STATEN ISLAND, NY 10301 41 Photos   Fullscreen Slideshow $2,888,000 Active for Sale FLATEAU REALTY CORP Office: 718-953-2732 368A DECATUR ST, BROOKLYN, NY 11233   Listing ID 11080525 Property Type Commercial Building County Richmond Township Staten Island Neighborhood NORTH SHORE Total Tax $24,985 COMMERCIAL INVESTMENT OPPORTUNITY Located in an Opportunity Zone, this property features 8 2 Bedroom Apartments / 4 store fronts with parking located on 4 tax lots. Situated minutes to the Staten Island Ferry, Bay Street, Shopping and multiple points of transportation, 491-497 Jersey Street is strategically located to insure high occupancy rates. Built in 2014, with block construction, 491-497 Jersey Street has been kept in incredible condition and presents a turn-key investment opportunity with upside. Each apartment is a large 2 bedroom unit with open floor plan and separate utilities. Currently, with a corporate tenant until July 2023 who handles the day to day maintenance, 491- 497 Jersey Street is low cost building to operate and create cash flow. If the lease expires, there is over $ 40,000 in gross rental increases available in units they occupy. With an effective gross income of $243,696.00 and a Net Operating Income of $202,243.80 and coming to market at $2,888,000 priced at a 7% cap rate, 491-497 is a compelling opportunity at an attractive valuation for the investor seeking cash flow without looking to tie up cash in capital improvements COMMERCIAL INVESTMENT OPPORTUNITY MORE ▼ Property Details 8 Full Baths 4 Half Baths 11808 Sq. Ft. 9345 Sq. Ft. Lot Built in 2014 3 Stories Available 05/27/2022 Slab Foundation Renovation: NEW BUILD IN 2014 Unit Information Unit #1 – Residential, Bedrooms: 16, Full Baths: 8, Occupied Interior Features Ceramic Tile Flooring Stone Flooring Forced Air Gas Fuel Natural Gas Central A/C Exterior Features Masonry - Concrete Block Construction Masonry Siding Asphalt Shingles Roof Municipal Water Municipal Sewer Street View Near Bus Near Train Commercial Info Sprinklers 5 Parking Spaces 7% Cap. Rate Income/Expenses Gross Income $243,696 Net Income $202,044 Paid by Landlord: Water, Struct. Maint., Ground Maint. Taxes and Fees $24,985 Total Tax FLATEAU REALTY CORP Office: 718-953-2732 368A DECATUR ST, BROOKLYN, NY 11233 Listing Courtesy of   Francis Shearon, CORNERSTONE REALTY Listings data is deemed reliable but is NOT guaranteed accurate by NY State MLS.

Contact Us

Who Would You Like to Contact Today?

I want to contact an agent about this property!

I wish to provide feedback about the website functionality