Brick Tudor Multifamily
2401-2407 Richmond Road Unit A Staten Island, NY 10306
2401-2407 Richmond Road Unit A, Staten Island, NY, 10306
$1,709,999
For Sale
$1,709,999
Brick Tudor multifamily with 8 residential units and two 2-car garages on a 0.14-acre lot.
Property Size5,400 SF
Lot Size0.14 Acres
Price / SF$316.67
Days on Market932
Property Features for 2401-2407 Richmond Road Unit A
General Information
- Standard status
- Active
- Size
- 5,400 SF
- Lot size
- 0.14 Acres
- Property subtype
- MultiFamily
Building Details
- Year Built
- 1934
Listing agency
Neuhaus Realty, Inc.
(917) 733-5010
Listed by
Michele Connelly · License #40CO0904229
(917) 733-5010
Source
Compass
Added: Jan 2, 2024 Updated: Jul 22 at 6:10AM Checked: Jul 22 at 6:10AM
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 Neuhaus Realty, Inc.
Investment Insights
Based on property information with market context.
This brick Tudor multifamily property includes 8 residential units and two 2-car garages. The building is configured as a small, income-producing residential asset.
2401-2407 Richmond Road is described as being in the heart of New Dorp, with express bus access nearby and the SIRR, along with local shops and restaurants, within a few blocks.
The property is listed for sale and is sized at approximately 5,400 square feet on a 0.14-acre lot.
2401-2407 Richmond Road is described as being in the heart of New Dorp, with express bus access nearby and the SIRR, along with local shops and restaurants, within a few blocks.
The property is listed for sale and is sized at approximately 5,400 square feet on a 0.14-acre lot.
Key Highlights
- Brick Tudor multifamily with 8 residential units
- Two 2‑car garages plus brick and stucco exterior
- Approximately 5,400 SF on a 0.14‑acre lot
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 | $233.3k | $43.20 |
| − Vacancy | −$11.7k | −$2.16 |
| EGI | $221.6k | $41.04 |
| − OpEx | −$99.7k | −$18.47 |
| NOI | $121.9k | $22.57 |
5,400 SF · lease $43.20/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.74M
$1.52M – $2.03M
NOI $121,889 @ 7.0% cap · market cap 7.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.58M
$2.25M – $3.01M
NOI $180,361 @ 7.0% cap · market cap 10.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
1031 exchange properties
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Brick Tudor multifamily with 8 residential units and two 2-car garages on a 0.14-acre lot.
Where is this apartment building located?
The property is located at 2401-2407 Richmond Road Unit A Staten Island, NY.
What is the asking price?
The asking price for this property is $1,709,999.
What are key features of this property?
This property features: Brick Tudor multifamily with 8 residential units; Two 2‑car garages plus brick and stucco exterior; Approximately 5,400 SF on a 0.14‑acre lot
