Flex Building With High
For Sale
$3,950,000
526 Richmond Terrace, Staten Island, NY 10301
Commercial, Staten Island, NY
Property Size10,000 SF
Lot Size0.25 Acres
Price / SF$351.11
Days on Market350
Property Features for 526 Richmond Terrace
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
M3-1
Subdivision
New Brighton
Standard status
Active
Size
11,250 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Annual Amount
34357
Amenities
kitchenette
elevator
private marble lobby
Building Details
Year built
2001
Floors in Building
2
Number of units
1
Flooring type
Concrete, Granite
Building materials
Block, Steel
Roof type
Flat
Listing Agency:
DiTommaso Real Estate
(718) 667-8000
Listed By:
Valerie F. Bartolone
(718) 667-8000
Added: Sep 5, 2025
Changed: Aug 19
Last Checked: Aug 20 at 3:06PM
MLS# 495531
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2001 flex property provides a 5,000-square-foot first floor configured with a 3,600-square-foot warehouse area and a 1,400-square-foot retail area, along with a bathroom and kitchenette. A 14-foot roll-up garage door serves the warehouse portion. The second floor adds 5,000 square feet of subdividable space with 20-foot ceilings, four handicap-accessible bathrooms, large windows, and a private marble lobby with elevator access. The building also has 1,000 amps of electrical service, granite and concrete flooring, block and steel construction, and a flat roof.
Situated at 526 Richmond Terrace near downtown St. George, the property occupies a main road location with harbor views. The enclosed rear yard and parking for eight cars add practical site functionality. M3-1 zoning supports contractor, fabrication, and manufacturing-oriented users.
Situated at 526 Richmond Terrace near downtown St. George, the property occupies a main road location with harbor views. The enclosed rear yard and parking for eight cars add practical site functionality. M3-1 zoning supports contractor, fabrication, and manufacturing-oriented users.
Key Highlights
- 5,000‑square‑foot first floor includes 3,600‑square‑foot warehouse and 1,400‑square‑foot retail areas
- Second floor offers 5,000 square feet of subdividable space with 20‑foot ceilings
- 14‑foot roll‑up garage door and parking for 8 cars
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$238,565
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,771,300
$4.8M
Cap Rate 7%
$3,408,071
$3.4M
Cap Rate 9%
$2,650,722
$2.7M
Market Conditions
NOI Build-Up for 11,250 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$297.0K $26.40/SF
− Vacancy
−$16.3K −$1.45/SF
EGI
$280.7K $24.95/SF
− OpEx
−$42.1K −$3.74/SF
NOI
$238.6K $21.21/SF
Area
Staten Island, NY
Vacancy
5.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,771,300
Cap Rate 7%
$3,408,071
Cap Rate 9%
$2,650,722
Alternative Uses
Best Use
Warehouse
$3.41M
$2.98M – $3.98M
NOI $238,565 @ 7.0% cap · market cap 6.04%
Second Best
Flex RnD
$2.77M
$2.42M – $3.23M
NOI $193,752 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$5.37M
$4.70M – $6.26M
NOI $375,753 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
1
Drive-in doors
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
765
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10301, NY
41,474
Population
16,631
Households
2.5
Avg Household Size
40
Median Age
38%
College-Educated
88%
High-School Grad
3.8 sq mi
ZIP Area
10,914
Density / Sq Mi
$84,937
Median Household Income
$50,140
Median Earnings
$1,697
Median Rent
$657,000
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - M3-1-zoned property combines warehouse, retail, office, and manufacturing-oriented space with flexible floor layouts.
Where is this flex space located?
The property is located at 526 Richmond Terrace Staten Island, NY.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: 5,000‑square‑foot first floor includes 3,600‑square‑foot warehouse and 1,400‑square‑foot retail areas; Second floor offers 5,000 square feet of subdividable space with 20‑foot ceilings; 14‑foot roll‑up garage door and parking for 8 cars
