80 Granite Avenue

$12,500,000
Price
Beds
12
Baths
42,546 Sq. Ft.
$294 / Sq. Ft.
42,546
Sq. Ft.
$294
per Sq. Ft.

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.

Listing Agents

  1. Nathan Horne

    Nathan Horne

    Listing Agent

    Compass

Location

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LISTING UPDATED: 08/08/2022 12:55 PM

Property Details for 80 Granite Avenue

StatusTemporarily Off Market
Days on Market363
Taxes$4,600 / month
Maintenance-
Min. Down Pymt-
Total Rooms40.0
Compass TypeOther
MLS Type-
Year Built1931
Lot Size50,499 SF / 250' x 205'
CountyRichmond County

Building

80 Granite Ave

4 Units1 StoriesBuilt in 1931

Location

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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

30 year fixed, 7.25% Interest

Principal and Interest

$68,218

Property Taxes

$4,600

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property History for 80 Granite Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.