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388 Van Duzer St
Staten Island, NY 10304
Retail Property For Sale
Investment Highlights
- High return Value Add
- Close to Public Transport
- High Traffic Count
- Minimal Cap-Ex
- Emerging Market
Executive Summary
This six-unit mix-use 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.
Please reach out for full underwriting and projection
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.
Please reach out for full underwriting and projection
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,300 SF
Building Class
C
Year Built
1931
Price
$2,325,056 CAD
Price Per SF
$369.06 CAD
Cap Rate
10.27%
NOI
$238,783 CAD
Percent Leased
68%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.31
Lot Size
0.11 AC
Zoning
R3-2/C1-2 - Mix-Use Zoning Overlay
Frontage
12’ on Van Duzer St
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | 00518-0004 | Improvements Assessment | $198,501 CAD |
| Land Assessment | $184,313 CAD | Total Assessment | $382,814 CAD |
Property Taxes
Parcel Number
00518-0004
Land Assessment
$184,313 CAD
Improvements Assessment
$198,501 CAD
Total Assessment
$382,814 CAD
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