2550 and 2560 Richmond Terrace

Staten Island, NY

Others for Sale - $7,000,000


Agent Info

Michael O'Brien
CENTURY 21 Zaloom Realty

Property Info

CIMLS#1120654
Location
  2550 and 2560 Richmond Terrace
  Staten Island NY 10303
UpdatedJanuary 10th, 2024
TypeOthers
Price$7,000,000

Property Description

Incredible opportunity for an investor to own 2 massive lots totaling 22,550 square feet right on Richmond Terrace in the heart of Elm Park. Currently occupied by a pair of auto body shops. Rented out by Caliber Collisions for $15500. per month as well as a smaller auto body shop which is occupied by Bones Auto Body and is being rented for $2500. per month. Caliber Collisions occupies 3 units between both buildings and is currently 3 years into a 10 year long true triple net lease. This lease includes a 5% increase every 5 years as well as two 5 year options to renew with the same terms. Total rent roll for the building is $15,142. and both 2550 & 2560 Richmond Terrace are on separate lots but must be purchased together. All inquiries and showings thru listing agents.


Financials



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