386-388 Van Duzer Street, Staten Island, NY 10304

$1,700,000 Commercial - 10304
269.84Price per SqFt
6300Building Sqft
4750Lot Sqft
Commercial Sale
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Angela Roseo

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About 386-388 Van Duzer, Staten Island

This six-unit multifamily property presents a compelling value-add investment in the rapidly developing Van Duzer corridor of Staten Island. With significant upside potential, this asset offers an opportunity to reposition the property and increase revenue through strategic rent Optimization. The pro forma cap rate of 10.27 highlights the strong investment potential, driven by under-market rents and operational efficiencies. With a targeted repositioning strategy, investors can unlock substantial NOI growth, enhancing both cash flow and long-term Appreciation. Located in a high-demand rental market, the property benefits from proximity to transportation, dining, and retail amenities, ensuring strong tenant demand. This is an ideal opportunity for an investor seeking to maximize yield through a proven value-add strategy in an evolving submarket.

Facts & Features

Subtype Commercial
County Richmond
Lot Size Sqft 4750
Tax Abated No
List Price per Sqft $269.84
Zoning R3-2 / C1
Electric 220 Volts
Heating System Forced Air
Air Conditioner None
Area Tompkinsville
Condition Excellent
Lot Dim 4750
Taxes 19548
Year Built 1931
Building Sqft 6300
Siding Other
Sewer City
Heating Source Natural Gas