290 Clifton ave, Staten Island, NY
Multi-family for Sale - $1,375,000 - 3,608 Sq. Ft. on 0.2 acres
Property Info
| CIMLS# | 987606 |
| Location 290 Clifton ave Staten Island NY 10305 | |
| Updated | June 8th, 2018 |
| Type | Multi-family |
| Price | $1,375,000 |
| Building | 3,608 Sq. Ft. |
| Land | 0.2 acres |
Property Description
Coldwell Banker Reliable Commercial Division is pleased to offer 290 Clifton Avenue for sale. The two Lots total 8,625 SF (75 x 115). The lot currently consists of a 3,608 SF 3 Family Property and 2 large garages. Located in the Rosebank neighborhood of Staten Island NY.
Investment Highlights:
Annual Projections: $301,875 Rental Revenue / $14,767 Expenses / 8.5% Cap Rate.
2 Lots (lot 0008 and 0011) Zoned R3A.
Delivered Vacant
Potential 15-25 year tax abatement.
For sale inventory in the area is low and prices are rapidly increasing.
Excellent opportunity to develop rentals or condos in a growing market.
Location Highlights:
Located on Clifton Avenue, one block to Hylan Blvd, major retail corridor occupied by some of the worlds largest corporations and franchises.
Nearby public transportation includes the S51, S52, S78 and S81 Buses and the Clifton Train Stop.
Easy access to the Verrazano Narrows Bridge and the Staten Island Expressway.
Financials
Annual Projections: $301,875 Rental Revenue / $14,767 Expenses / 8.5%
Cap Rate.
