5-Unit Retail in Staten Island

Investment Highlights

There are two options here: 1) (165 Port Richmond ave) Port Richmond Staten Island corner lot 5,345 SF, 50x106, zoned C4-2 (R6 equiv) allowing 11,759 BSF residential or 20,845 BSF w/QA FAR. Asking: $1.7M ($144psf)/($81psf)
or 2) an assemblage of 159 - 167 Port Richmond Ave: BLURB: corner lot w/5 stores (2 occupied). Current income $7K/month. 17,195 SF w/ 125’ frontage, zoned C4-2 (R6 equiv) allowing ~38K BSF residential or ~67K BSF w/QA FAR. Asking: $5.65M ($147psf)/($84psf)

check cashing tenant been ther 55yrs - 2 yr lease
Hair Salon 25yrs. 1 year lease
One store is already built out ready to lease
another two need work

Seller lives in NJ wants to sell this and buy something closer to him