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1674-1696 Richmond Rd 26,000 SF 100% Leased Retail Building Staten Island, NY 10304 $6,500,000 ($250/SF) 13.02% Cap Rate
Investment 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 Is Located In The Heart Of Staten Island Just Minutes From I-278, The Richmond County Country Club & The Verrazano Bridge!!!
- The Property Has A Daily Traffic Count Of 16,500+ Vehicles Per Day!!!
- The Property Features Great Exposure, Excellent Signage, R3-1/C1-1 Zoning, 32 Parking Spaces, High Ceilings, Restaurant, Private Parking Lots, +++!!!
- Neighbors Include Starbucks, Toyota, Honda, Northwell Health, Staples, CVS, Orangetheory Fitness, Sherwin-Williams, Fine Fare Supermarkets, +++!!!
- This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Executive Summary
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 13.02% Cap!!!)
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 13.02% Cap!!!)
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$883,001
|
$33.96
|
| Other Income |
$53,717
|
$2.07
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$936,718
|
$36.03
|
| Taxes |
$81,791
|
$3.15
|
| Operating Expenses |
$8,636
|
$0.33
|
| Total Expenses |
$90,427
|
$3.48
|
| Net Operating Income |
$846,291
|
$32.55
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $883,001 |
| Annual Per SF | $33.96 |
| Other Income | |
|---|---|
| Annual | $53,717 |
| Annual Per SF | $2.07 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $936,718 |
| Annual Per SF | $36.03 |
| Taxes | |
|---|---|
| Annual | $81,791 |
| Annual Per SF | $3.15 |
| Operating Expenses | |
|---|---|
| Annual | $8,636 |
| Annual Per SF | $0.33 |
| Total Expenses | |
|---|---|
| Annual | $90,427 |
| Annual Per SF | $3.48 |
| Net Operating Income | |
|---|---|
| Annual | $846,291 |
| Annual Per SF | $32.55 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
26,000 SF
Building Class
B
Year Built
1950
Price
$6,500,000
Price Per SF
$250
Cap Rate
13.02%
NOI
$846,291
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.99
Lot Size
0.60 AC
Zoning
R3-1/C1-1 - Dense retail/commercial
Parking
32 Spaces (1.23 Spaces per 1,000 SF Leased)
Frontage
200’ on Richmond Rd
Amenities
- 24 Hour Access
- Corner Lot
- Dedicated Turn Lane
- Restaurant
- Security System
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Air Conditioning
Walk Score®
Very Walkable (89)
Nearby Major Retailers
Property Taxes
| Parcel Number | 03531-0009 | Total Assessment | $894,600 |
| Land Assessment | $364,500 | Annual Taxes | $81,791 ($3.15/SF) |
| Improvements Assessment | $530,100 | Tax Year | 2025 |
Property Taxes
Parcel Number
03531-0009
Land Assessment
$364,500
Improvements Assessment
$530,100
Total Assessment
$894,600
Annual Taxes
$81,791 ($3.15/SF)
Tax Year
2025
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1674-1696 Richmond Rd
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