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
Days on Site: 16
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: Sheikh Ahmed
Agent Phone: (917) 325-0619
Agency Title: Coldwell Banker American Homes
Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Privacy Policy / DMCA Notice / ADA Accessibility
This site is hosted, designed and copyright
© 1994 - 2026 by
Delta Media Group, Inc. -- Patent Pending --
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 sheikhahmed.cbamhomes.com today.