About 162-166 St Marys Avenue
A rare opportunity to acquire a strategically located multi-building investment portfolio consisting of five income-producing properties plus an additional lot. All assets are positioned in close proximity along St. Mary's Avenue and Tompkins Avenue in Staten Island, NY 10305. This well-assembled portfolio offers operational efficiency, diversified income streams, and strong long-term value potential. It includes a balanced mix of multifamily and commercial properties, making it ideal for investors, developers, or 1031 exchange buyers seeking scale. *
The portfolio includes 160 St. Mary's Avenue, a mixed-use property featuring a ground-floor commercial deli with long-standing occupancy, plus two residential units above consisting of a second-floor four-bedroom apartment and a third-floor five-bedroom apartment. Also included is 162 St. Mary's Avenue, a two-family property with two well-proportioned two-bedroom apartments. 164 St. Mary's Avenue is a three-family property offering a first-floor studio apartment and two-bedroom apartments on both the second and third floors. 166 St. Mary's Avenue is a two-family property with two two-bedroom apartments. In addition, 488 Tompkins Avenue features a commercial storefront currently operating as a barbershop, along with an adjacent lot located between 488 Tompkins Avenue and 160 St. Mary's Avenue, suitable for parking, storage, yard use, or potential future expansion, subject to buyer due diligence with an architect and the Department of Buildings.
The portfolio is located in a prime Staten Island corridor with convenient access to public transportation, ferry routes, shopping centers, and local amenities. The commercial spaces benefit from strong visibility and foot traffic, while the residential units experience consistent rental demand and stable tenancy. Well positioned for value-add strategies, rental optimization, or long-term hold, this portfolio also offers potential assemblage opportunities .
