Industrial Warehouse Property with
3111 Richmond Ter Staten Island, NY 10303
For Sale
Contact for pricing
Fully occupied warehouse property in an M3-1 zoning district with annual income over $700,000.
Property Size60,000 SF
Price / SF$231.67
Days on Market589
Property Features for 3111 Richmond Ter
General Information
- Standard status
- Active
- Size
- 60,000 SF
- Property subtype
- INDUSTRIAL
Listing Agency:
4 Points Properties
(212) 300-3901
Listed By:
Listing Contact - 4 Points
Source:
Moodyscre
Added: Dec 12, 2024
Changed: Jul 21
Last Checked: Jul 22 at 4:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of 4 Points Properties
Investment Insights
Based on property information with market context.
This for-sale industrial warehouse site comprises approximately 60,000 square feet and is fully occupied. The property is situated along the M3-1 zoning district, which the remarks note allows for most uses. Reported annual income is over $700,000, and the tenants are described as current on rent, with yearly increases in place across the leases.
The site runs along Staten Island’s northern shore and is positioned in one of the borough’s industrial areas. The remarks also indicate proximity to major expressways and bridges.
Overall, this is an operating warehouse asset in a larger-format industrial location, presented as a fully leased investment with documented rent escalations.
The site runs along Staten Island’s northern shore and is positioned in one of the borough’s industrial areas. The remarks also indicate proximity to major expressways and bridges.
Overall, this is an operating warehouse asset in a larger-format industrial location, presented as a fully leased investment with documented rent escalations.
Key Highlights
- Fully occupied warehouse property with annual income over $700,000
- M3‑1 zoning district allowing for most uses
- Over 60,000 SF site in Staten Island’s industrial area along the northern shore
Financial Insights For Warehouse
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 | $1.58M | $26.40 |
| − Vacancy | −$87.1k | −$1.45 |
| EGI | $1.50M | $24.95 |
| − OpEx | −$224.5k | −$3.74 |
| NOI | $1.27M | $21.21 |
60,000 SF · lease $26.40/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$18.18M
$15.90M – $21.21M
NOI $1,272,348 @ 7.0% cap · market cap 9.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$28.63M
$25.05M – $33.40M
NOI $2,004,013 @ 7.0% cap · market cap 14.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Warehouses
Similar Off Market Nearby
- Wandy Storage Facility — 179 Lake Ave #113, Staten Island, NY 10303
- Piano Storage Queens — 351 Walker St, Staten Island, NY 10303
- Near-By Self Storage Units — 281 south ave, staten island, ny 10303
- Self Storage — 35 Journeay St, Staten Island, NY 10303
- SecureDoc — 2324 Forest Ave, Staten Island, NY 10303
FAQs
What type of property is this?
Warehouse - Fully occupied warehouse property in an M3-1 zoning district with annual income over $700,000.
Where is this warehouse located?
The property is located at 3111 Richmond Ter Staten Island, NY.
What is the asking price?
The asking price for this property is $13,900,000.
What are key features of this property?
This property features: Fully occupied warehouse property with annual income over $700,000; M3‑1 zoning district allowing for most uses; Over 60,000 SF site in Staten Island’s industrial area along the northern shore
