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$2,499,000

Est. payment - /mo

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4,000 SqFt

Active

508 Midland AVE Staten Island, NY 10306

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Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 4,000 sqft

Price per Sqft $624

MLS Listing ID 2506111

Year Built 1931

Annual Tax Amount $23,115

Lot Size 6,420 Sqft

Acres 0.15

Lot Dimensions 60x107

Property Sub-Type Commercial

Source Staten Island Multiple Listing Service

Property Description

Mixed-use investment package in Midland Beach—508 Midland Ave plus 857 & 859 Nugent Ave (BBL 3740-26)—offering 5 total units across 2 buildings on a 60×107 (6,420 SF) lot with an estimated ~4,000 SF of building area, individual gas and electric meters, gas/forced-air heat, and city sewer. The retail space fronts Midland Avenue, a primary thoroughfare connecting Hylan Blvd and Father Capodanno Blvd, providing strong drive-by visibility and consistent vehicular traffic ideal for neighborhood-serving uses. 2024 gross income is approximately 188,700 with operating expenses of approximately 37,689, resulting in an NOI of approximately 151,011. There is potential to optimize rents at renewal or turnover in accordance with applicable laws and lease terms. The 60×107 lot and site layout may also present paths for reconfiguration or additional units; prospective purchasers are encouraged to consult a licensed architect/expediter and the NYC Department of Buildings to evaluate feasibility for any expansion, alteration, or new construction. Showings by appointment only—please do not disturb occupants. Equal Housing Opportunity.

Location

State NY

County Richmond

Area Midland Beach

Zoning R-31

Interior

Heating Forced Air, Natural Gas

Cooling None

Building

Story 2

Sewer City

Level or Stories 2

Structure Type Other

New Construction No

Others

Tax ID 03740-0026

Listed ByRe/Max Edge

Salmon Real Estate has been selling residential homes and commercial property on Staten Island since 1956, making us the oldest independent real estate firm on Staten Island.

Our invaluable experience and resources means your needs are our priority. Salmon’s hands-on, team approach means we treat your real estate transaction as if it were our own: personally, professionally, and with over a half-century of know-how.

If you're interested in this listing and would like to learn more, just drop us your name info here and we'll get straight back with you to discuss it. We look forward to speaking with you.

+1(718) 273-1200

christine@salmonrealestate.com

1855 Victory Blvd, Island, NY, 10314, United States