Mixed-Use Property with Commercial
For Sale
$849,000
1520 Richmond Avenue, Staten Island, NY 10314
Commercial and residential components support professional occupancy, owner use, or rental arrangements.
Property Size1,700 SF
Days on Market55
Property Features for 1520 Richmond Avenue
General Information
Standard status
Active
Size
1,700 SF
Property subtype
Half Duplex
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$11,778
Building Details
Building Size
1,700 SF
Year Built
1978
Buildings
1
Listing Agency:
Century 21 Papp Realty
Listed By:
Angelo Pappalardo · License #10311207495
(718) 727-6900
Source:
Wonicarealtors
Added: Aug 22
Changed: Oct 10
Last Checked: Oct 15 at 8:00AM
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 Century 21 Papp Realty
Investment Insights
Based on property information with market context.
This mixed-use property, built in 1978, combines commercial and residential components within the same asset. The commercial portion is positioned along Richmond Avenue and is identified for professional or medical use, while the residential area can accommodate owner occupancy or rental arrangements. The property is located at 1520 Richmond Avenue in Staten Island, within the Bulls Head area and near the Staten Island Expressway. Public transportation, shopping, restaurants, and established businesses are also nearby. The combination of commercial frontage and residential space provides a flexible configuration for an owner-user, professional practice, or mixed-use investment strategy.
Key Highlights
- Mixed‑use property with commercial and residential components
- Commercial space along Richmond Avenue in Staten Island
- Commercial portion identified for professional or medical use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,545
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$870,900
$870.9K
Cap Rate 7%
$622,071
$622.1K
Cap Rate 9%
$483,833
$483.8K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$73.0K $42.96/SF
− Vacancy
−$15.0K −$8.81/SF
EGI
$58.1K $34.15/SF
− OpEx
−$14.5K −$8.54/SF
NOI
$43.5K $25.61/SF
Area
ZIP 10314
Vacancy
20.50%
Lease Rate
$42.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$870,900
Cap Rate 7%
$622,071
Cap Rate 9%
$483,833
Alternative Uses
Best Use
Office B
$622.1K
$544.3K – $725.8K
NOI $43,545 @ 7.0% cap · market cap 5.13%
Second Best
Mixed Use
$479.4K
$419.5K – $559.3K
NOI $33,558 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$811.1K
$709.8K – $946.3K
NOI $56,780 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
961
Businesses Nearby
Explore this area
Business Placement
Demographics for 10314, NY
92,157
Population
33,554
Households
2.7
Avg Household Size
41
Median Age
37%
College-Educated
89%
High-School Grad
13.0 sq mi
ZIP Area
7,089
Density / Sq Mi
$104,655
Median Household Income
$58,769
Median Earnings
$1,726
Median Rent
$665,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial and residential components support professional occupancy, owner use, or rental arrangements.
Where is this mixed-use property located?
The property is located at 1520 Richmond Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Mixed‑use property with commercial and residential components; Commercial space along Richmond Avenue in Staten Island; Commercial portion identified for professional or medical use
