1674-1696 Richmond Rd - Storefront Retail/Office FOR SALE


Staten Island, NY 10304- Dongan Hills
$7,950,000 USD
516-279-8828
1674-1696 Richmond Rd, Staten Island, NY for Sale
$7,950,000 USD
Storefront Retail/Office - FOR SALE
1/13
null | 10.65% Cap Rate

1674-1696 Richmond Rd
Staten Island, NY 10304
Dongan Hills


HIGHLIGHTS

  • Calling All Investors, Developers & End-Users!!! 26,000 Sqft. 10 Unit Strip Center On A 27,000 Sqft. Lot For Sale On Richmond Road!!!
  • The Property Features Great Exposure, Excellent Signage, R3-1/C1-1 Zoning, 32 Parking Spaces, High Ceilings, Restaurant, Private Parking Lots, +++!!!
  • The Property Is Located In The Heart Of Staten Island Just Minutes From I-278, The Richmond County Country Club & The Verrazano Bridge!!!
  • Neighbors Include Starbucks, Toyota, Honda, Northwell Health, Staples, CVS, Orangetheory Fitness, Sherwin-Williams, Fine Fare Supermarkets, +++!!!
  • The Property Has A Daily Traffic Count Of 16,500+ Vehicles Per Day!!!
  • This Could Be Your Next Development Site Or The Next Home For Your Business!!!

OVERVIEW

Calling All Investors, Developers & End-Users!!! 26,000 Sqft. 10 Unit Strip Center On A 27,000 Sqft. Lot For Sale On Richmond Road!!! The Property Features Great Exposure, Excellent Signage, R3-1/C1-1 Zoning, 32 Parking Spaces, High Ceilings, Restaurant, (2) Strategically Placed Curb Cuts, Private Parking Lot, Low Property Taxes, 3 Phase Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Staten Island Just Minutes From I-278, The Richmond County Country Club & The Verrazano Bridge!!! Neighbors Include Starbucks, Toyota, Honda, Northwell Health, Staples, CVS, OrangeTheory Fitness, Sherwin-Williams, Fine Fare Supermarkets, Subway, +++!!! The Property Has A Daily Traffic Count Of 16,500+ Vehicles Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: 1674. Cantina Valencia (2,578 Sqft.): $98,880 Ann.; Lease Exp.: 2/28/32. Tenant Pays Their Share Of Taxes. 1684. Storefront (13,000 Sqft.): $585,000 Ann. (Available) 1688. Storefront (1,200 Sqft.): $60,000 Ann. (Available) 1692. R & C Variety Corp. (1,000 Sqft.): $43,470 Ann. Lease Exp.: 9/30/32. Tenant Pays Their Share Of Taxes. 1694. Torino Pizza (900 Sqft.): $45,593 Ann.; Lease Exp.: 6/30/31. Tenant Pays Their Share Of Taxes. 1696. Yafei Deli (1,340 Sqft.): $50,058 Ann.; Lease Exp.: 12/31/30. Tenant Pays Their Share Of Taxes. Pro Forma Gross Income: $883,001 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Maintenance & Repairs: $250 Ann. Water & Sewer: $0 Ann. Insurance: $8,386 Ann. Taxes: $81,791.20 Ann. Total Expenses: $90,427.20 Ann. Tax Rebate (Paid By The Stores): $53,716.92 Ann. Net Operating Income (NOI): $846,290.72 Ann. (Pro Forma 10.65% Cap!!!)

FOR SALE DETAILS

PRICE

$7,950,000 USD

PRICE/SF

$306 USD /SF

CAP RATE

10.65%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

R3-1/C1-1

APN/PARCEL ID

03531-0009

ASK ABOUT THIS PROPERTY

Matthew ShaneAll Island CommercialMore Info
516-279-8828

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Matthew ShaneAll Island CommercialMore Info
516-279-8828

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.