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Prime Investment Opportunity: Two Mixed-Use Buildings in St. George, Staten Island An outstanding investment opportunity awaits with the sale of two adjacent mixed-use properties at 9 and 11 Corson Avenue in the thriving St. George neighborhood of Staten Island. These well-maintained buildings offer a balanced mix of commercial and residential spaces, making them an ideal choice for investors seeking steady rental income and long-term growth. The commercial spaces are fully occupied by successful businesses. At 9 Corson Avenue, a recently renovated pizza restaurant features a modern kitchen and an updated dining area, attracting steady patronage. Next door at 11 Corson Avenue, a well-established nail salon enjoys a loyal clientele, ensuring reliable rental income. Each building also includes two spacious residential apartments, totaling four units. All apartments are designed with two bedrooms and one bathroom, providing comfortable and desirable living spaces. One unit is currently vacant, offering immediate occupancy for an owner or an excellent rental opportunity for investors. Ideally located, these properties are just a sort distance away from the Staten Island Ferry Terminal, offering convenient access to Manhattan and other parts of New York City. The neighborhood is vibrant, filled with shops, restaurants, and essential services that enhance the appeal for both commercial tenants and residents. This offering presents a rare chance to invest in a mixed-use property in one of Staten Island most sought-after locations. Whether you are looking to expand your portfolio or secure a property with diverse income streams, 9 and 11 Corson Avenue deserve your consideration.
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Our Executive Mortgage Banker:
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$1,400,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,120,000 | $1,120,000 | $1,120,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.663% | 6.751% | 6.309% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,447 | $7,171 | $9,527 |
Total Monthly Payment | $6,572 | $7,296 | $9,652 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.