Investment Overview

Marcus & Millichap is pleased to present shopping center located on the South Shore of Staten Island, NY with a total leasable area of 74,950 square feet. This neighborhood shopping center is set within a thriving area with excellent visibility and vehicle traffic. This contributed to the 918,200 visits recorded last year at this center. On average, there were 80,326 vehicles per day on Richmond Parkway and Tyrellan Avenue, as well as 9,432 VPD on Amboy Road and Georgia Court. Amboy Plaza is located in the heart of the South Shore of Staten Island, an area with incredible demographics and a strong retail market. Staten Island’s population stands at 483,160, a 3% growth since 2010 and is projected to increase another 1.2% in the following 5 years. In addition to the population growth, the average household also increased, the income average is $121,647, a 28.6% increase as of 2010, and expects to rise another 7.1% in the upcoming 5 years. The property features National Retailers Domino’s, Dollar Tree, Dunkin Donuts and Wendy’s, as well as Northfield Bank (38 locations in NY and NJ) All of which, according to Placer AI, are ranked within the top 90% based on their chain. These well-established brands bring a steady flow of foot traffic to the shopping center, provide a stable base of rental income, and add to the desirability of the property. A potential investor will have the opportunity to lease-up the 42,064 SF anchor space. One of the key features of this shopping center is its 323-car parking lot, providing ample parking for both customers and tenants. Amboy Plaza also offers easy access to major highways, West Shore Expressway, and Korean War Veterans Parkway and Staten Island Expressway are all within a 5-mile radius. Pleasant Plains Train Station is located less than a quarter of a mile away, providing residents with public transportation and making it convenient for customers and tenants alike. Overall, this large shopping center in Staten Island, NY offers a rare investment opportunity in the highly sought-after New York City market. Its strategic location, ample parking, and strong tenant mix make it an attractive investment for those looking to capitalize on the growing retail sector in this area.