Coldwell Banker Reliable Commercial Division is pleased to offer a package of two commercial buildings located at 128-130 Port Richmond Avenue in the Elm Park section of Staten Island, NY. The buildings are zoned C4-2 and can be purchased as a package or separately. Properties are centrally located on Port Richmond Avenue with close proximity to public transportation and roads. 128 Port Richmond Avenue is listed at $969,000 and consists of 9,180 SF situated on a 36 x 100 lot. 130 Port Richmond Avenue is listed at $625,000 and consists of 5,460 SF situated on a 20 x 100 corner lot. Acquired as a package, the properties are being offered for $1,495,000. The zoning allows for both a mix of commercial and residential use. A proposed site includes a mix of retail and professional space totaling 14,640 SF. The properties also include an additional 4,400 SF in buildable air rights. With 56 feet of frontage on the Port Richmond Avenue retail corridor, the property currently features an Elevator, Sprinkler System, Loading dock and driveway in the rear. Proposed cost of development is projected at $2,750,000 estimated at $188 PSF. The total cost of acquisition and development is projected at $3,995,000 allowing for a capitalization rate of return of 8.3% in year two after development in the event a development scenario is selected. The rendering illustrated in this offering is proposed but not approved. For additional information please contact Exclusive Broker Coldwell Banker Reliable Commercial Division.

Staten Island is one of the five boroughs of New York City and is located in the southwest part of the city. Staten Island is separated from New Jersey by the Arthur Kill and the Kill Van Kull, and from the rest of New York by New York Bay.