1572-1584 Richmond Rd
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1572-1584 Richmond Rd
7,888 SF 100% Leased Retail Building Staten Island, NY 10304 $3,500,000 ($444/SF) 5.24% Cap Rate
Investment Highlights
- Huge Rental Upside
- High Traffic Area
- Corner Location at Prominent Signalized Intersection
Executive Summary
PreReal is pleased to present 1572-1584 Richmond Road, a premier commercial investment property located at the corner of Richmond Road and Seaview Avenue. The property features seven retail spaces, configured as six fully occupied storefronts, along with an additional building in the rear, which is ready for immediate occupancy. With under-market rents and full-height basements that are not currently being utilized, this is the perfect repositioning opportunity for investors seeking long-term value.
The property is ideally situated at the intersection of Richmond Road, Four Corners Road, and Seaview Avenue, in front of multiple bus stops and just a short distance from the Staten Island Train. The area experiences significant vehicular and pedestrian traffic, making it a prime retail destination. It is surrounded by prominent local and national retailers, including Santander Bank, Max’s Esca, M&T Bank, Baci Restaurant, and more.
The property is ideally situated at the intersection of Richmond Road, Four Corners Road, and Seaview Avenue, in front of multiple bus stops and just a short distance from the Staten Island Train. The area experiences significant vehicular and pedestrian traffic, making it a prime retail destination. It is surrounded by prominent local and national retailers, including Santander Bank, Max’s Esca, M&T Bank, Baci Restaurant, and more.
Data Room Click Here to Access
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
7,888 SF
Building Class
C
Year Built/Renovated
1966/2015
Price
$3,500,000
Price Per SF
$444
Cap Rate
5.24%
NOI
$183,508
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.61
Lot Size
0.30 AC
Zoning
C1-1 / R3-1
Frontage
104 FT on Richmond Rd
Walk Score ®
Very Walkable (83)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 03305-0001 | Total Assessment | $360,000 |
| Land Assessment | $144,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $216,000 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
03305-0001
Land Assessment
$144,000
Improvements Assessment
$216,000
Total Assessment
$360,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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1572-1584 Richmond Rd
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