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69-71-75 Thompson St, Staten Island
Attention Investors and Developers, this is a dream property off of Bay Street - 21 Units at 8% Cap Rate. This is the breakdown of the current rental income with the added potential rents from vacant spaces. Best for new buyer to rent out those spaces. Total annual income with potential rented spaces is $285,180 with a 8% cap rate - it is worth $3,859,714. Included is the ability for further development due to the air rights changes to all three buildings but specifically 73 Thompson. The area is already gentrifying to a cap of 8% or better and, not to be forgotten, is the tax abatement of both 69 and 71 Thompson. 13 apartments (rented), 4 garages (rented), 4 offices (rented), with finished basement. For more details, contact the agent.
- MLS® #1126504
- Square Footage14,816
- Year Built2001
- Parking Spaces4
- Garage Spaces4
- ConstructionConcrete Block, Masonry, Steel
- Listing OfficeDitommaso Real Estate
- Address69-71-75 Thompson St
- CityStaten Island
- Zip Code10304
- # of Stories3
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Listing information is provided by the Staten Island Board of REALTORS®.