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$ 2,480,000
Est. payment | /mo
4,200 SqFt
$ 2,480,000
Est. payment | /mo
4,200 SqFt
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,200 sqft
Price per Sqft $590
MLS Listing ID 489575
Year Built 1930
Annual Tax Amount $31,115
Property Sub-Type Commercial
Property Description
This investment package features two adjacent properties at 1198 and 1200 Castleton Avenue, offering a combination of residential, commercial, and business opportunities. 1198 Castleton Avenue is a mixed-use building with a ground-floor storefront and an oversized three-bedroom apartment above, spanning approximately 1,848 square feet (22' x 42') on a 25' x 150' lot, with an annual property tax of $3,941. It includes a separate water heater and gas boilers. Next door, 1200 Castleton Avenue is a single-story retail/manufacturing building housing a long-established business, covering 4,200 square feet (42' x 100') on a 42' x 150' lot, with an annual property tax of $31,614. Together, these properties provide a total lot size of 67' x 150', with front and rear access, ample community parking and loading dock in the rear. The business at 1200 Castleton Avenue generates an annual revenue of $600,000, with a net profit of $200,000 and significant growth potential. This package presents a unique opportunity to acquire versatile, income-generating properties in a prime Staten Island location.
Location
State NY
County Staten Island
Area West Brighton
Zoning R3-2
Rooms
Basement Cellar, Unfinished
Interior
Interior Features None
Heating Gas
Flooring Tile
Equipment Yes
Heat Source Gas
Exterior
Exterior Feature Brick
Roof Type Flat
Present Use Industrial,Manufacturing,Retail
Building
Story 1
Foundation Poured Concrete
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash,Owner
Listed by RE/MAX Edge