5-Unit Retail in Staten Island
Investment Highlights
Port Richmond Staten Island 10k sqft retail strip on busy cooridor. w/5 stores. Sticky tenants w/avg 3.5yr lease & 5% increases. generating 270k/year. Zoned R6 with 26k BSF (as of right) & 46K BSF w/QA. Seller retiring. Asking 3.85M (6.45% cap) / ($83 / $148psf)
159 port richmond (el marriachi grocery)-3 yr lease 3500/month
161 port richmond-make the road non profit: 8350/month, term due oct.
163 port richmond furniture store-6k/month. 3yr w/option
135 new street (grocery) 3k/month 2yrs lease
137 new street (sells beverages) -1850 no lease.
everyone on sep meters they pay gas and elec.
owner pays water & taxes
everyone has 5% increases per year
Location
📍 Staten Island
🔒 The exact address and location are confidential and are released only after you sign the NCNDA and the listing broker approves your request.