992 Bay Street Staten Island, NY 10305

$985,000

Rosebank Mixed-Use building for Sale

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Property Highlights

  •  Cash-flowing mixed-use building with upside potential 
  • Short drive from highway 279 and Verrazano Bridge
  • 1 block away from Clifton bus station, S81 bus route and close to St. George Ferry Terminal
  • Stable neighborhood with proximity to Wagner College, Richmond University Medical Center and many other retail services
  • Two-car garage in the back for storage or other potential revenue stream

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Property Facts

  • Address 992 Bay Street, Staten Island, NY 10305
  • Block Lot 2842_72
  • Lot Dimensions 65’ x 100’ *
  • Lot Size 6,500 SF *
  • Building Dimensions 65’ x 45’ * (Irregular)
  • Building Size 5,900 SF *
  • Commercial SF 3,475 SF *
  • Residential SF 1,800 SF *
  • Floors 3
  • Residential Units 2 | 1,800 SF *
  • Commercial Units 1 | 3,475 SF *
  • Zoning R3A
  • FAR 0.60
  • Assessment $215,100
  • Taxes $24,678.40
  • Garage 1
  • Garage SF 635 SF *
  • * Approximate

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Financials

  • REVENUE
  • Commercial Income $60,000
  • Residential Income $52,800
  • Parking Income $4,800 (Garage)
  • Gross Annual Income $123,600
  • Effective Gross Income (EGI) $119,892
  • EXPENSES
  • Real Estate Taxes $24,679
  • Insurance $1,800 (1.00 per SF)
  • Water/Sewer $1,800 ($900 per resi unit)
  • Heat/Hot Water $7,121 ($1.35 per resi/comm SF)
  • Electric $7,121 ($0.25 per SF)
  • Repairs/Maintenance $3,597 (3% of EGI)
  • SUMMARY
  • Effective Gross Income (EGI) $123,600
  • Expenses less $48,012
  • Net Operating Income (NOI) $75,588
  • Projected Gross Monthly Income $123,600
  • Projected Commercial Income $60,000
  • Projected Residential Income $52,800

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