This is an Investment opportunity in a developing area. A package deal of mixed use development site sits in the center of the explosive and fast growing area of Stapleton's opportunity zone and revitalization district. Located Directly across the street from Urby a 500-unit apartment complex with high end retail and dining. This package consists: Vacant land of 4300 Sqft C4-2 zoned designed to to build a 12 units apartment building with option of Air rights. After built, it will give you a panoramic views of the NYC skyline and the Verrazzano -Narrows Bridge. Just minutes away from the brand-new Empire Outlets, the Staten Island Ferry and the S.I. railway.Included in the package: Mixed use building consists of 2- 2 Bedroom apartment, 4- offices that can be easily converted to 2 bedroom apartments and 2 commercials spaces. Large basement in the building can be used as a warehouse or storage.**This is a City Planning incentive driven Stapleton area of Staten Island, Zoning Changes to air rights allow for 11,220 sqft of usable space. Only 5,016 sqft are used to this building. **residential and commercial annual income $119,700 approx **Annual Property Tax (approx) $13,800 **Annual water and Sewer (approx) $4,700 **Annual Electric (owners meter only) $0 **No Owners gas: Tenants pay for own heat and hot water **Building recently maintained $0Rent Income breakdown-1st floor Garages (vacant) $2,200, 1A Office (vacant) $1,200, commercial storage/offices (vacant) $2,000, 2nd floor Apt 2A 2 bedroom $1,600 per month (vacant), Apt 2B 2 bedroom $1,600 per month (vacant), Apt 2C 2 bedrooms $1,375 per month rented. For more information or any questions please contact Listing Agent.77-79 Thompson Street
**This is the land adjacent to 73-75 Thompson Street building (listed together) air rights may be also combined for the savvy investor.
**This is a City Planning incentive driven Stapleton area of Staten Island Zoning Changes to air rights allow for 17,000 sqft of usable space and only 0 sqft used.
Building of 12 residential units plus ground level office/commercial : $1-$1.3 million cost to build out. Moure units if air rights added from 75 Thompson
Block #524 Lot #60 HSE # 77
FAR allowed 3.4 (Air rights of 17,000 sqft)
Property Type: V1 (Zoned Commercial or Manhattan Residential)
Lot size 50 X 100 ft Zoning C4-2
Annual Property Tax (approx $9,000)
Annual water and sewer (approx) $0
Annual Electric (owners meter only) $0
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