1636 CASTLETON AVENUE, STATEN ISLAND, NY 10302
STATEN ISLAND MIXED-USE PROPERTY FOR SALE - $550,000
FOR MORE INFORMATION
Joseph T. Hamdan
Lucy Badwan
718.921.3100 x 105
718.921.3100 x 634
joseph.hamdan@coldwellbanker.com
lucy.badwan@coldwellbanker.com
EXECUTIVE SUMMARY
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1636 CASTLETON AVENUE, STATEN ISLAND, NY 10302
STATEN ISLAND MIXED-USE FOR SALE - $550,000
OFFERING SUMMARY Sale Price: Cap Rate: NOI: Lot Size:
PROPERTY OVERVIEW $550,000 7.8% $42,873 0.06 Acres
Year Built:
1931
Building Size:
2,100
Zoning:
R3A, C1-3
Market:
Staten Island
Price / SF:
$261.90
Coldwell Banker Reliable Commercial Division is pleased to offer for sale 1636 Castleton Avenue in the Port Richmond section of Staten Island. This mixed-use two unit property zoned R3A/C1-3 sits on a 25 x 100 lot with property dimensions of 25 x 42 featuring a total of 2,100 square feet. The ground floor consists of 1,050 SF of retail with a 1,050 SF residential unit above. Within close proximity of public transportation, the Bayonne Bridge, roads and schools. Suitable for an investor or owner occupancy. For additional information or to schedule a property tour please contact our office.
PROPERTY HIGHLIGHTS • Two Unit Mixed-Use Staten Island • Property can be delivered vacant • Potential 7.8% Cap • Close Proximity to Public Transportation and Roads • Suitable for Investor or Owner Occupant
COLDWELL BANKER COMMERCIAL | 7428 5TH AVENUE, BROOKLYN, NY 11209 | 718.921.3100 | WWW.CBRCD.COM
FINANCIAL SUMMARY
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1636 CASTLETON AVENUE, STATEN ISLAND, NY 10302
STATEN ISLAND MIXED-USE FOR SALE - $550,000 INVESTMENT OVERVIEW Price
$550,000
Price per SF
$261.90
CAP Rate
7.8%
Cash-on-Cash Return (yr 1)
7.8 %
Total Return (yr 1) Debt Coverage Ratio
$42,873 -
OPERATING DATA Gross Scheduled Income Other Income Total Scheduled Income Vacancy Cost Gross Income Operating Expenses
$51,600 $0 $51,600 $0 $51,600 $8,727
Net Operating Income
$42,873
Pre-Tax Cash Flow
$42,873
FINANCING DATA Down Payment
$550,000
Loan Amount
-
Debt Service
-
Debt Service Monthly
-
Principal Reduction (yr 1)
-
COLDWELL BANKER COMMERCIAL | 7428 5TH AVENUE, BROOKLYN, NY 11209 | 718.921.3100 | WWW.CBRCD.COM
INCOME & EXPENSES
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1636 CASTLETON AVENUE, STATEN ISLAND, NY 10302
STATEN ISLAND MIXED-USE FOR SALE - $550,000 INCOME SUMMARY
PER SF
Retail Store
$30,000
$14.29
Apt. 1
$21,600
$10.29
Gross Income
$51,600
$24.57
EXPENSE SUMMARY
PER SF
Property Tax
$2,831
$1.35
Water
$1,000
$0.48
Insurance
$1,800
$0.86
Gas Heat
$0
$0.00
Electric
$0
$0.00
Maintenance
$1,548
$0.74
Management
$1,548
$0.74
Gross Expenses
$8,727
$4.16
$42,873
$20.42
Net Operating Income
COLDWELL BANKER COMMERCIAL | 7428 5TH AVENUE, BROOKLYN, NY 11209 | 718.921.3100 | WWW.CBRCD.COM
RENT ROLL
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1636 CASTLETON AVENUE, STATEN ISLAND, NY 10302
STATEN ISLAND MIXED-USE FOR SALE - $550,000 TENANT
UNIT
UNIT
ANNUAL
% OF
NAME
NUMBER
SIZE (SF)
RENT
GLA
Retail
Ground
1,050
$30,000
50.0
Second Floor
1,050
$21,600
50.0
2,100
$51,600
3 Bedroom Apt. Totals/Averages UNIT TYPE
Totals/Averages
COUNT
% TOTAL
SIZE (SF)
$/SF/YR
ANNUAL RENT
2
100.0
1,050
$24.57
$25,800
2
100%
2,100
$24.57
$51,600
COLDWELL BANKER COMMERCIAL | 7428 5TH AVENUE, BROOKLYN, NY 11209 | 718.921.3100 | WWW.CBRCD.COM
PROPERTY DETAILS
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1636 CASTLETON AVENUE, STATEN ISLAND, NY 10302
STATEN ISLAND MIXED-USE FOR SALE - $550,000 SALE PRICE
$550,000
Property Type
LOCATION INFORMATION Street Address
1636 Castleton Avenue
City, State, Zip
Staten Island, NY 10302
County/Township Market
Richmond Staten Island
BUILDING INFORMATION Building Size Occupancy % Tenancy
100%
Number Of Floors
2
Average Floor Size
1,050 SF 1931
Gross Leasable Area
Street Retail
Zoning
R3A, C1-3
Lot Size
2,500 SF
Lot Frontage
25
Lot Depth
100
Corner Property
yes
Waterfront
No
PARKING & TRANSPORTATION Street Parking Parking Type Number Of Spaces
No Surface 2
2,100 SF
Load Factor
Yes
Free Standing
No
Number Of Buildings
Property Subtype
Retail
2,100 SF Multiple
Year Built
PROPERTY DETAILS
1
UTILITIES & AMENITIES Security Guard
No
Handicap Access
No
Freight Elevator
No
Centrix Equipped
No
Leed Certified
No
COLDWELL BANKER COMMERCIAL | 7428 5TH AVENUE, BROOKLYN, NY 11209 | 718.921.3100 | WWW.CBRCD.COM
UNIT MIX SUMMARY
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1636 CASTLETON AVENUE, STATEN ISLAND, NY 10302
STATEN ISLAND MIXED-USE FOR SALE - $550,000 UNIT TYPE
Totals/Averages
COUNT
% TOTAL
SIZE (SF)
$/SF/YR
ANNUAL RENT
2
100.0
1,050
$24.57
$25,800
2
100%
2,100
$24.57
$51,600
COLDWELL BANKER COMMERCIAL | 7428 5TH AVENUE, BROOKLYN, NY 11209 | 718.921.3100 | WWW.CBRCD.COM
ADDITIONAL PHOTOS
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1636 CASTLETON AVENUE, STATEN ISLAND, NY 10302
STATEN ISLAND MIXED-USE FOR SALE - $550,000
COLDWELL BANKER COMMERCIAL | 7428 5TH AVENUE, BROOKLYN, NY 11209 | 718.921.3100 | WWW.CBRCD.COM
LOCATION MAPS
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1636 CASTLETON AVENUE, STATEN ISLAND, NY 10302
STATEN ISLAND MIXED-USE FOR SALE - $550,000
COLDWELL BANKER COMMERCIAL | 7428 5TH AVENUE, BROOKLYN, NY 11209 | 718.921.3100 | WWW.CBRCD.COM
DEMOGRAPHICS MAP & REPORT
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1636 CASTLETON AVENUE, STATEN ISLAND, NY 10302
STATEN ISLAND MIXED-USE FOR SALE - $550,000
POPULATION
1 MILE
2 MILES
3 MILES
Total population
34,577
128,055
223,600
Median age
33.8
35.7
37.1
Median age (Male)
32.8
34.0
35.3
Median age (Female)
34.3
37.6
38.9
1 MILE
2 MILES
3 MILES
11,820
45,838
80,781
# of persons per HH
2.9
2.8
2.8
Average HH income
$71,712
$76,849
$79,334
Average house value
$408,106
$443,167
$470,490
HOUSEHOLDS & INCOME Total households
* Demographic data derived from 2010 US Census
COLDWELL BANKER COMMERCIAL | 7428 5TH AVENUE, BROOKLYN, NY 11209 | 718.921.3100 | WWW.CBRCD.COM
CONFIDENTIALITY
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1636 CASTLETON AVENUE, STATEN ISLAND, NY 10302
STATEN ISLAND MIXED-USE FOR SALE - $550,000
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COLDWELL BANKER COMMERCIAL | 7428 5TH AVENUE, BROOKLYN, NY 11209 | 718.921.3100 | WWW.CBRCD.COM