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Hot Arrochar Properties

$1,400,000
3 Beds 5 Baths 1165610 MLS
Are you looking for a well-maintained mixed-use building with a luxury apartment? This is a fully detached South Beach property on a 38x116 lot with plentiful street parking. The property consists of over 4,408 square feet on three levels, including a 2,500 square foot street-level commercial or retail space with multiple rooms. This space includes a large front room that's 1500 square feet, a half bath, rooms in the rear that would be perfect for storage, a commercial kitchen, or meeting space, plus front and rear access to a finished basement with two half-baths. This is a large, flexible space offering lots of possibilities. The 1,537 square foot upstairs, owner occupied apartment is in move in condition and is light and bright with an open floor plan. It's currently configured as a large one-bedroom, but the office and dining room could easily be converted to make this a three bedroom unit. The apartment is being offered fully furnished, excluding personal effects. Ready to move right in! On-site owner has taken great care of this property, with upgraded electrical panels (separate utilities), new sidewalks and a flat rubber roof that is in excellent condition. The location is only minutes away from the bridge in a great neighborhood. 5% plus cap rate. This is a must see; photos don't do this property justice. Don't miss this opportunity to own this unique investment or live/work property on the Island!

11 Olympia Boulevard, Staten Island

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