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508 Midland Avenue, Staten Island, NY 10306

$2,399,000

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BEDS0 BATHS MLS#979055

STATUSActive PROPERTY TYPECommercial -

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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 60??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 60??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.

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.laffey.com today.

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

Days on Site: 43

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

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508 Midland Avenue, Staten Island, NY 10306

Property Description

508 Midland Avenue | MLS# 979055

Property Features

Feature Descriptions

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508 Midland Avenue, Staten Island, NY 10306

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