718-200-7799
1780-1788 Richmond Ter, Staten Island, NY for Sale
Warehouse - FOR SALE
1/28
null | Request Cap Rate

1780-1788 Richmond Ter
Staten Island, NY 10310
Port Richmond


HIGHLIGHTS

  • Fully Renovated Facility
  • Credit Tenant Lease
  • NYC SCA Occupied
  • 14M Capital Renovation

OVERVIEW

NET LEASED TO NEW YORK CITY — SCA Department | SINGLE-TENANT COMMERCIAL SCHOOL FACILITY Commercial Asset Fully Leased to the NYC School Construction Authority PreReal Real Estate is pleased to present a rare investment opportunity to acquire a fully built-out, single-tenant commercial school facility, 100% leased to the New York City School Construction Authority (SCA). This turnkey asset provides institutional-grade tenancy and long-term stability, ideally suited for investors seeking predictable income with a credit-backed tenant. Situated on approximately 23,451 SF of land, the property includes two interconnected single-story buildings totaling 13,648 SF. In 2020, the property underwent an extensive $14 million renovation to meet the exacting standards of the NYC SCA. Improvements included the addition of multiple classrooms, a gymnasium, outdoor playground, nurse’s station, and other key infrastructure to support its Pre-K early childhood education programming. Highlights include: Single-tenant net lease to NYC School Construction Authority $14 million renovation completed in 2020 13,648 SF facility on 23,451 SF of land Fully improved with classrooms, gymnasium, nurse’s station, and outdoor play area Strategic Staten Island location with access to major thoroughfares Long-term lease delivering strong and stable cash flow This is a rare opportunity to acquire a fully stabilized, net-leased educational asset backed by the City of New York.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Single Tenant Net Leased Asset for Sale

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Day Care Center, Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.54

LAND SF

23,451

ZONING

R3-2 / C2-2

APN/PARCEL ID

00200-0024

ASK ABOUT THIS PROPERTY

Robert NixonPreRealMore Info
718-200-7799

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Robert NixonPreRealMore Info
718-200-7799

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