Property Description

Turn-key mixed-use investment in Stapleton! Custom-built in 2020, this three-story, steel-frame elevator building offers 8 two-bedroom luxury apartments over 3 commercial storefronts, all currently leased with strong income and a tax abatement in place, the numbers make sense for both long-term hold and 1031 exchange buyers. The property is also located within an Opportunity Zone, offering significant potential tax advantages.Each residential unit features a granite kitchen with dining area and a private balcony, beautiful custom-tiled baths, hardwood floors throughout, washer/dryer hookup, modern appliances including a dishwasher, split-system heating & central air, tankless hot water heater, and separate utilities. Tenants also benefit from on-site parking and basement storage.The three commercial spaces are currently occupied by a school, including rented parking and access to the rear yard; a very stable, low-touch income stream.Located along Van Duzer Street, the building is close to the Staten Island Railway, multiple bus lines (S52, S74, S78), and just a short ride to the Staten Island Ferry, Empire Outlets, shopping, restaurants, parks, banks, public pool, and the Bay Street waterfront. A clean, well-kept building with minimal maintenance, offering a rare opportunity to add a high-quality mixed-use asset to your portfolio.

Property Features