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    Staten Island Multi-Unit Investment Title is generated by Realmo AI

    646-662 Port Richmond Ave, Staten Island, NY 10302

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    Claim this Listing
    For Sale
    $10,800,000

    Multi-Unit, Low-rise - Staten Island, NY

    Property size:
    27,152 SF
    Lot size:
    0.87 Acres
    Price / SF:
    $397/SF
    Added:
    Apr 15, 2026
    Days on Market:
    67
    Last Refresh:
    Jun 20 at 12:06 pm

    Property Features for 646-662 Port Richmond Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    100
    Bedrooms
    42
    Bathrooms
    43
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Laundry
    Parking features
    Garage
    Interior features
    Laundry
    Exterior features
    Garden
    Basement Y/N
    1
    Standard status
    Active
    APN
    1132/0001
    Size
    27,152 SF
    Lot size
    0.87 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Utilities

    Heating system
    Baseboard, Natural Gas

    Building Details

    Year built
    1974
    Year renovated
    1974
    Floors in Building
    3
    Flooring type
    Hardwood
    Building materials
    Brick
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Giovanna Cardinale
    Giovanna Cardinale

    Listing agent Giovanna Cardinale

    Listing office NEUHAUS REALTY INC 3171 RICHMOND RD, STATEN ISLAND, NY

    Listing date Apr 15, 2026

    MLS# 11692025 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High Gross Income: $1,003,460
    • 43 Units in a Not Rent Stabilized Building
    • 39 Private Parking Spaces
    • Relatively New Roof (2 years old) and Efficient Heating System (6 years old)
    • All Brick Garden Style Apartment Building
    • Convenient Location in Port Richmond with Shopping and Transportation Access

    Overview

    This 27,152 square foot, 43-unit apartment building is located in the Port Richmond neighborhood of Staten Island, New York. The all-brick, garden-style apartment building complex includes 39 private parking spaces and a large basement with a laundry area and two outdoor access points, situated on a 200' x 190' lot. The property consists of one large first-floor office with its own address, 13 two-bedroom apartments, 17 one-bedroom apartments, and 12 studio apartments. The roof is two years old, and the heating system is six years old. The property is located in a convenient area with shopping and city buses to Brooklyn, Manhattan, and Staten Island Mall nearby. The zoning is 100. The gross income is $1,003,460. This is a not rent stabilized building.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $1.14M $42.00
    − Vacancy −$45.6k −$1.68
    EGI $1.09M $40.32
    − OpEx −$492.6k −$18.14
    NOI $602.1k $22.18
    27,152 SF · lease $42.00/SF/yr · vacancy 4.00% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $8.60M
    $7.53M – $10.04M (±1% cap)
    NOI $602,123 @ 7.0% cap · market cap 5.58%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $12.96M
    $11.34M – $15.11M (±1% cap)
    NOI $906,883 @ 7.0% cap · market cap 8.40%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Staten Island
    County
    Richmond
    State
    New York
    Longitude
    -74.142352
    Latitude
    40.627671

    FAQs

    What type of property is this?
    Apartment building - 43-unit apartment building in Port Richmond, Staten Island.
    Where is this apartment building located?
    The property is located at 646-662 Port Richmond Ave Staten Island, NY.
    What is the asking price?
    The asking price for this property is $10,800,000.
    What are key features of this property?
    This property features: High Gross Income: $1,003,460; 43 Units in a Not Rent Stabilized Building; 39 Private Parking Spaces
    More about this property
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