Investment Property For Sale | 281-283 Broadway, Staten Island, NY | Asking Price: $1.99m

Posted by Casandra Properties on Friday, April 10th, 2020 at 10:45am.

Investment Opportunity

Take a look at this amazing investment opportunity located at 281-283 Broadway in West Brighton, Staten Island. Casandra Properties has signed on as the exclusive listing agent for the sale of 281-283 Broadway. Located in bustling West Brighton, this is a unique portfolio of properties, with opportunity for potential development. This is an immense opportunity for an investor looking for a mixed-use property that can generate a 7% cap rate. Additionally, the 7,500 sq. ft. parking lot is a separate tax lot zoned C1-2/R3-2 with development potential.

Investment Opportunity Staten Island

Located on the North Shore

Located on the busy corner of Broadway and Castleton Ave in West Brighton, the intersection has high traffic counts, heavy foot traffic, and a corner bus stop.   

Property Portfolio

The portfolio of properties comprises two mixed-use buildings and a vacant lot, which is currently being used as a parking lot.  

2 Commercial Units:

  • Superette – 1750 sq. ft. Occupied by long term tenant
  • Restaurant – 1750 sq. ft. Formerly a pizzeria, now vacant.

3 Residential Units:

  • 2 bedroom unit – Occupied
  • 2 bedroom unit – Vacant
  • 1 bedroom unit - Vacant

Broadway Staten Island

Owner Occupant Ideal

This multi-use property is also ideal for an owner occupant who wants to occupy the restaurant space that is currently vacant. With a little work, this portfolio of properties has potential to be a major money maker and provide a stream of steady income. In addition, the adjacent 7,500sf parking lot can also be developed into another mixed-use building, further enhancing your investment and money-making potential. Please check with your architect.  

For more information please contact Anthony DeLeo or Angie Master at 718-816-7799.  For more real estate information or home improvement tips check out some of our other blogs.

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