80 Granite Avenue
80 Granite Avenue
$12,500,000
—
12
42,546
42,546
$294
Temporarily Off Market
Description
Compass has been retained on an exclusive basis to facilitate the sale of 80-84 Granite Avenue, a ~50k SF building and lot with an existing NOI of nearly $500k and tremendous upside potential. It is located in a desirable neighborhood in Staten Island that is two blocks from the Bayonne Bridge and only five minutes from the BQE, allowing quick access to Brooklyn, Jersey City, Elizabeth, and the Newark Airport. Recently signed leases have been upwards of $20/SF where the existing average is closer...Compass has been retained on an exclusive basis to facilitate the sale of 80-84 Granite Avenue, a ~50k SF building and lot with an existing NOI of nearly $500k and tremendous upside potential. It is located in a desirable neighborhood in Staten Island that is two blocks from the Bayonne Bridge and only five minutes from the BQE, allowing quick access to Brooklyn, Jersey City, Elizabeth, and the Newark Airport. Recently signed leases have been upwards of $20/SF where the existing average is closer to $12/SF. By bring the rents to market rates, a new owner would have over $1M in gross income and double their cap rate. The M3-1 zoning has an FAR of 2 which allows an additional -50k SF for a total of a bit over 100k SF.
The property is located in an Opportunity Zone and would be perfect for a 1031 Exchange.
The property is located in an Opportunity Zone and would be perfect for a 1031 Exchange.
Listing Agents
Location
LISTING UPDATED: 08/08/2022 12:55 PM
Property Details for 80 Granite Avenue
Status | Temporarily Off Market |
---|---|
Days on Market | 363 |
Taxes | $4,600 / month |
Maintenance | - |
Min. Down Pymt | - |
Total Rooms | 40.0 |
Compass Type | Other |
MLS Type | - |
Year Built | 1931 |
Lot Size | 50,499 SF / 250' x 205' |
County | Richmond County |
Building
Location
Building Information for 80 Granite Avenue
Stories1Residences4Year Built1931Lot Size50,499 SF / 250' x 205'Building Age-Building Type-Senior Community-Levels / Stories-
Payment Calculator
$72,818 per month
The Payment Calculator is for illustrative purposes only.
Property History for 80 Granite Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 80 Granite Avenue
This home is within New York City Geographic District #31.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | PK to 12 |
Rating | School | Distance |
---|---|---|
P.S. 22 Graniteville PublicPK to 5 | ||
Is 51 Edwin Markham Public6 to 8 | ||
Port Richmond High School Public9 to 12 | ||
The Michael J Petrides School PublicPK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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