Multi-Building Retail
159-163 Port Richmond Avenue Staten Island, NY 10302
For Sale
Contact for pricing
For-sale multi-building site in the Port Richmond area with C4-2 zoning and unused facility FAR listed.
Property Size9,870 SF
Price / SF$395.14
Days on Market346
Property Features for 159-163 Port Richmond Avenue
General Information
- Standard status
- Active
- Size
- 9,870 SF
- Property subtype
- Business for Sale, Retail
Building Details
- Year Built
- 1931
Listing Agency:
United National Realty
(718) 979-8000
Listed By:
Michael Dukhovny · License #NY
Source:
Crexi
Added: Aug 15, 2025
Changed: Jul 23
Last Checked: Jul 24 at 4:53PM
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 United National Realty
Investment Insights
Based on property information with market context.
This is a for-sale multi-building commercial retail site on Port Richmond Avenue in Staten Island. The property is currently unused and is presented as a development-oriented parcel with stated floor area allowances.
The site is identified as C4-2 zoning, with residential FAR of 2.43, commercial FAR of 3.4, and facility FAR of 4.8. The remarks also indicate currently unused facility FAR of 30,454.
The property is positioned within a busy commercial hub, with high visibility and heavy vehicular traffic noted in the listing materials, and additional development activity described in the surrounding area.
The site is identified as C4-2 zoning, with residential FAR of 2.43, commercial FAR of 3.4, and facility FAR of 4.8. The remarks also indicate currently unused facility FAR of 30,454.
The property is positioned within a busy commercial hub, with high visibility and heavy vehicular traffic noted in the listing materials, and additional development activity described in the surrounding area.
Key Highlights
- Multi‑building site in the Port Richmond area of Staten Island
- C4‑2 zoning with Residential FAR 2.43, Commercial FAR 3.4, and Facility FAR 4.8
- Currently unused facility FAR totaling 30,454
Financial Insights For Retail
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 | $331.6k | $33.60 |
| − Vacancy | −$28.2k | −$2.86 |
| EGI | $303.4k | $30.74 |
| − OpEx | −$91.0k | −$9.22 |
| NOI | $212.4k | $21.52 |
9,870 SF · lease $33.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.03M
$2.66M – $3.54M
NOI $212,410 @ 7.0% cap · market cap 5.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.71M
$4.12M – $5.49M
NOI $329,660 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar Off Market Nearby
- Victor Scalici Florist — 523 Port Richmond Ave, Staten Island, NY 10302
- Mex City Party Center & Florist — 125 Port Richmond Ave, Staten Island, NY 10302
FAQs
What type of property is this?
Storefront property - For-sale multi-building site in the Port Richmond area with C4-2 zoning and unused facility FAR listed.
Where is this storefront property located?
The property is located at 159-163 Port Richmond Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Multi‑building site in the Port Richmond area of Staten Island; C4‑2 zoning with Residential FAR 2.43, Commercial FAR 3.4, and Facility FAR 4.8; Currently unused facility FAR totaling 30,454
