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6 Retail Strip Center + Additional Building 1572-1584 Richmond Rd 7,888 SF 100% Leased Retail Building Staten Island, NY 10304 $2,999,999 ($380.32/SF) 4.76% Cap Rate



INVESTMENT HIGHLIGHTS
- Huge Rental Upside
- High Traffic Area
- Newly Signed NNN lease on corner space
- Corner Location at Prominent Signalized Intersection
- Additional Building in Back
- *** PRICE DROP FROM $3.5M to $3M***
EXECUTIVE SUMMARY
PreReal Real Estate is pleased to present 1572–1584 Richmond Road, a premier corner commercial investment property positioned at the intersection of Richmond Road and Seaview Avenue—one of Staten Island’s most visible and active corridors.
The property consists of seven retail spaces, including six fully occupied storefronts and an additional rear building ready for immediate occupancy. Notably, ownership has just secured a new long-term NNN lease, reinforcing the property’s income stability and underscoring the strong tenant demand for this location. This recent signing demonstrates the property’s leasing strength and highlights the potential for future tenants to benefit from similar NNN lease structures—providing predictable income and minimal landlord responsibility.
With under-market rents across existing spaces and full-height basements not yet being utilized, there is substantial room for repositioning and value creation. Investors have the opportunity to unlock upside through strategic rent adjustments, improved space utilization, or targeted capital enhancements.
Located at the signalized corner of Richmond Road, Seaview Avenue, and Four Corners Road, the property benefits from heavy vehicular and pedestrian traffic. It sits directly in front of multiple bus stops and is just a short distance from the Staten Island Railway, ensuring strong accessibility and visibility.
The surrounding trade area features a mix of national and established local operators, including Santander Bank, M&T Bank, Max’s Esca, and Baci Restaurant, further cementing this location as a high-performing retail destination within the Staten Island market.
The property consists of seven retail spaces, including six fully occupied storefronts and an additional rear building ready for immediate occupancy. Notably, ownership has just secured a new long-term NNN lease, reinforcing the property’s income stability and underscoring the strong tenant demand for this location. This recent signing demonstrates the property’s leasing strength and highlights the potential for future tenants to benefit from similar NNN lease structures—providing predictable income and minimal landlord responsibility.
With under-market rents across existing spaces and full-height basements not yet being utilized, there is substantial room for repositioning and value creation. Investors have the opportunity to unlock upside through strategic rent adjustments, improved space utilization, or targeted capital enhancements.
Located at the signalized corner of Richmond Road, Seaview Avenue, and Four Corners Road, the property benefits from heavy vehicular and pedestrian traffic. It sits directly in front of multiple bus stops and is just a short distance from the Staten Island Railway, ensuring strong accessibility and visibility.
The surrounding trade area features a mix of national and established local operators, including Santander Bank, M&T Bank, Max’s Esca, and Baci Restaurant, further cementing this location as a high-performing retail destination within the Staten Island market.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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
$2,999,999
Price Per SF
$380.32
Cap Rate
4.76%
NOI
$142,783
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’ on Richmond Rd
Walk Score®
Very Walkable (89)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 03305-0001 | Improvements Assessment | $270,000 (2025) |
| Land Assessment | $144,000 (2025) | Total Assessment | $414,000 (2025) |
PROPERTY TAXES
Parcel Number
03305-0001
Land Assessment
$144,000 (2025)
Improvements Assessment
$270,000 (2025)
Total Assessment
$414,000 (2025)
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6 Retail Strip Center + Additional Building | 1572-1584 Richmond Rd
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