The Bryan Karp Team
MLS#979055
STATUSActive
PROPERTY TYPECommercial -
Property Description
Mixed-use investment package in Midland Beach-508 Midland Ave plus 857 & 859 Nugent Ave (BBL 3740-26)-offering five (5) total units across two (2) buildings on a 60à?107 (6,420 SF) lot with approximately 4,000 SF of building area. The property features individual gas and electric meters, gas/forced-air heat, and city sewer.The retail space fronts Midland Avenue, a primary thoroughfare connecting Hylan Blvd and Father Capodanno Blvd, providing strong visibility and consistent vehicular traffic suitable for a variety of permitted commercial uses.The 2024 gross income is approximately $188,700, with operating expenses of approximately $37,689, resulting in a net operating income (NOI) of approximately $151,011. There may be opportunities to adjust rents over time in accordance with applicable laws, regulations, and existing lease terms.The 60à?107 lot and current layout may present potential for reconfiguration or additional units. Prospective purchasers are encouraged to perform their own due diligence and consult with a licensed architect, expediter, and the NYC Department of Buildings regarding any potential expansion, alteration, or development.Showings are by appointment only-please do not disturb occupants.Equal Housing Opportunity.
Property Features
Property Type: Commercial -
Cooling: None
Heating: Forced Air, Natural Gas
Lot Size: 0.15 Acres
Taxes: $23,115
Year Built: 1931
Feature Descriptions
Building Area Total: 4000
Business Type: Commercial
Exterior: Brick
On Market Date: 2026-03-31
Parcel Number: 3740-26
Parking Features: On Street
Parking Total: 0
Rental Term: Monthly
Sewer: Other
Utilities: See Remarks
Water: Other
Listed By / Shown By
Listing By
Agency Name: RE/MAX Edge
Agency Contact: 718-288-3835
Shown By
Agent Name: Bryan Karp
Agent Phone: (631) 759-5277
Agency Title: Coldwell Banker American Homes
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508 Midland Avenue | MLS# 979055
This commercial property located at 508 Midland Avenue , Staten Island, NY 10306 is currently listed for sale with an asking price of $2,399,000. Search Staten Island real estate on www.soldbybryan.com today.