$ 900,000 $ 998,000 9.8%

159 Sand LN

Staten Island, NY 10305

  • 2,400 SqFt
  • 4,000 Lot Size
  • 1945 Year Built
This exceptional mixed-use investment property, just minutes away from the Verrazzano Bridge, offers a compelling opportunity. It comprises a commercial storefront and two residential units within a 4,000 sq. ft. space encompassing two distinct buildings.

The primary building, constructed entirely of brick, features a storefront equipped with an office kitchenette, two spacious rooms, and a half bath, alongside a full unfinished basement. The second floor of this building hosts a beautifully renovated apartment, showcasing a generous living room, dining area, kitchen, one bedroom, and a full bath complete with a washer and dryer. This apartment exudes elegance with its striking hardwood flooring in the expansive living room, tiled flooring in the kitchen and dining areas, and upgraded granite countertops and appliances.

Nestled at the rear of the property is a charming frame cottage house spanning 27x34 sq ft. This fully renovated cottage offers two bedrooms, a full bath, a cozy living room, and an inviting eat-in kitchen, complemented by an unfinished basement. Noteworthy features include a tankless water heater, adding to the property's allure.

With a robust 6.8% cap rate, this property promises excellent income potential. Whether you choose to rent out all units or utilize the space for your business while residing in one of the units, this property presents a versatile investment opportunity sure to captivate discerning investors.
Listed by Triolo Realty Group, Inc.

PROPERTY DETAIL

  • Key Details

    Sold Price $900,000

    Property Type Commercial

    Sub Type Commercial

    Listing Status Sold

    Purchase Type For Sale

    Square Footage 2, 400 sqft

    Price per Sqft $375

    MLS Listing ID 2402258

    Sold Date 10/16/24

    Year Built 1945

    Annual Tax Amount $5,951

    Lot Size 4,000 Sqft

    Acres 0.09

    Lot Dimensions 40x100

    Property Sub-Type Commercial

    Source Staten Island Multiple Listing Service

  • Location

    State NY

    County Richmond

    Area Arrochar

    Zoning R3-1

  • Building

    Story 2

    Sewer City

    Level or Stories 2

    Structure Type Frame,Block

    New Construction No

  • Interior

    Heating Hot Water, Natural Gas

  • Exterior

    Parking Features Private

  • Others

    Tax ID 03108-0001

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