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    646 Port Richmond Ave Staten Island, NY 10302

    For Sale
    $10,700,000

    High-income, 43-unit apartment building in Port Richmond, Staten Island.

    Lot size:
    0.74 Acres

    Property Features for 646 Port Richmond Ave

    General Information

    Lot size
    0.74 Acres

    Building Details

    Year built
    1971

    Source: Neuhaus Realty Inc. Agent Giovanna Cardinale

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    43-Unit Brick Apartment Building Complex

    This 27,152 square foot all-brick, U-shaped garden-style apartment building complex features 43 units and is not rent stabilized. The building includes one large first-floor office, 13 two-bedroom apartments, 17 one-bedroom apartments, and 12 studio apartments. It is situated on a 200' x 180' lot and offers 39 private parking spaces. The property includes a 6,000 square foot basement with a laundry area. The roof is three years old, and the heating system is six years old. Located in the Port Richmond neighborhood of Staten Island, New York, the property is conveniently located with shopping and city buses to Brooklyn, Manhattan, and the Staten Island Mall nearby. The property has a gross income of $1,007,460, total expenses of $283,000, and a net income of $724,460 yearly.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    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
    -74.142262
    Latitude
    40.627615

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    FAQs

    What type of property is this?
    Apartment building - High-income, 43-unit apartment building in Port Richmond, Staten Island.
    Where is this apartment building located?
    The property is located at 646 Port Richmond Ave Staten Island, NY.
    What is the asking price?
    The asking price for this property is $10,700,000.
    What are key features of this property?
    This property features: - High Net Operating Income: $724,460 yearly.; - 43-unit all brick garden-style apartment building complex.; - 39 private parking spaces on property.
    (718) 979-3400
    Request Owner's contact information
    646 Port Richmond Ave Staten Island, NY 10302
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    Staten Island, NY 10302
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    646 Port Richmond Ave Staten Island, NY 10302
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