Nowak+Partners of Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 814 Richmond Terrace, a single story commercial building on the corner of Richmond Terrace and Tysen Street in the North Shore section of Staten Island NY. The subject property is built 80 ft x 154 ft and sits on a 80 ft x 170 ft, M1-1 zoned lot (Block: 00070 Lot: 0020). The existing building totals approximately 12,450 square feet and houses three commercial spaces.
The tenants space is made up of a 3,000 square feet warehouse, a 9,000 square feet distribution facility, and a 450 square feet office space. Both the 3,000 square foot space and the 9,000 square foot space have leases in place which expire in 2021 and 2022, respectively. The 450 square foot space is occupied on a month-to-month basis. The tenant in the 9,000 square feet space has agreed to terminate the lease and vacate the unit within one year of the sale of the building.
814 Richmond Terrace offers investors and users the unique opportunity to purchase a sizable corner building with 80 feet of frontage to the high traffic Richmond Terrace corridor and near Staten Island’s rapidly developing Saint George Waterfront. The site’s strategic North Shore location lends itself for easy access to Brooklyn, New Jersey and the rest of the Boroughs via the Verrazano, Bayonne and Goethals bridges. Furthermore, the property is across the street from the Snug Harbor Cultural Center and Botanical Garden and is in close proximity to the St. George Ferry Terminal and multiple cutting edge local development projects including the New York Wheel, Empire Outlets and Lighthouse Point.
