Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    646-662 Port Richmond Ave Staten Island, NY 10302

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $10,700,000

    Garden-style apartment building in Staten Island with parking.

    Lot size:
    0.32 Acres

    Property Features for 646-662 Port Richmond Ave

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.32 Acres

    Building Details

    Year built
    1974

    We can help!

    Listing Contact
    Giovanna Cardinale
    Giovanna Cardinale
    Source: Elliman

    Listing Agency: NEUHAUS REALTY INC Listing Agent: Giovanna Cardinale

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

    Learn more

    Overview

    43-Unit Brick Apartment Building

    This 27,152 square foot, all-brick, U-shaped garden-style apartment building contains 43 units. The building is not rent stabilized. The unit mix includes 13 two-bedroom apartments, 17 one-bedroom apartments, and 12 studio apartments, as well as a large first-floor office. The property features a 5-year-old roof and an 8-year-old heating system. There is a large 6,000 square foot basement with a laundry area. The building is situated on a 200 by 180 foot lot and includes 39 private parking spaces. It is located in the Port Richmond neighborhood of Staten Island, New York City, with shopping and city buses to Brooklyn, Manhattan, and the Staten Island Mall conveniently accessible.
    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
    -74.142262
    Latitude
    40.627615

    Nearby Similar for Sale

    • $850,000
      1,612 SF

      Versatile Staten Island Office Opportunity

      Adaptable office space or residential conversion potential in Staten Island.
      1562 Drumgoole Rd East, Staten Island, NY 10309
      View Details
    • $950,000
      0.13 Acres

      Staten Island Medical Office Building

      Medical office building with high visibility in prime location.
      3767 Richmond Ave, Staten Island, NY 10312
      View Details
    • $2,500,000
      5,000 SF

      Staten Island Commercial Building For Sale

      Standalone building with drive-through potential in a dense residential corridor.
      257 New Dorp Ln, Staten Island, NY 10306
      View Details
    • New
      $1,300,000
      2,880 SF

      Staten Island Commercial Building For Sale

      Two-story, 2,880 SF building suitable for various uses.
      343 Sand Ln, Staten Island, NY 10305
      View Details
    • New
      $1,420,000
      3,200 SF

      Versatile Commercial Property on Broadway

      Single-story warehouse with office space and high ceilings.
      360 Broadway, Staten Island, NY 10310
      View Details
    • $998,888
      1,458 SF

      Staten Island Commercial Office Building

      Commercial building suitable for medical, dental, or general office use.
      4262 Richmond Ave, Staten Island, NY 10312
      View Details
    • $995,000
      1,500 SF

      Renovated Commercial Building Near Bay Street

      Fully renovated commercial building with high ceilings and great visibility.
      100 Canal St, Staten Island, NY 10304
      View Details
    • $2,500,000
      5,000 SF

      Standalone Building on Active Corridor

      Former bank building with drive-through potential in a dense area.
      257 New Dorp Ln, Staten Island, NY 10306
      View Details
    • $2,399,000
      4,648 SF

      Staten Island Commercial Investment Opportunity

      Versatile property suitable for preschool, medical office, or professional services.
      610 Bloomingdale Rd, Staten Island, NY 10309
      View Details
    • $2,888,888
      7,200 SF

      Versatile Two-Story Commercial Building

      Two-story building with over 7,000 SF of usable space.
      250 Buel Ave, Staten Island, NY 10305
      View Details
    • $919,000
      2,900 SF

      Corner Commercial Building on Hylan

      Two-story commercial building with parking on a high-visibility corner.
      3990 Hylan Blvd, Staten Island, NY 10308
      View Details
    • $1,500,000
      2,880 SF

      Staten Island Commercial Building For Sale

      Two-story, 2,880 SF commercial building ideal for various uses.
      343 Sand Ln, Staten Island, NY 10305
      View Details

    FAQs

    What type of property is this?
    Apartment building - Garden-style apartment building in Staten Island with parking.
    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 $10,700,000.
    What are key features of this property?
    This property features: - 43-unit all brick garden style apartment building.; - 39 private parking spaces on property.; - **5-year-old roof and 8-year-old state-of-the-art heating system.**
    (732) 946-2911
    Request Owner's contact information
    646-662 Port Richmond Ave Staten Island, NY 10302
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    646-662 Port Richmond Ave
    Staten Island, NY 10302
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    646-662 Port Richmond Ave Staten Island, NY 10302
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Giovanna Cardinale
    Giovanna Cardinale
    (732) 946-2911 (347) 423-5926 (718) 979-3400
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!