Property Listing No Longer Available for Sale

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
UpdatedJune 8th, 2018
TypeMulti-family
Price$1,375,000
Building3,608 Sq. Ft.
Land0.2 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.



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