10-Unit Retail Strip
1674-1696 Richmond Staten Island, NY 10304
1674-1696 Richmond, Staten Island, NY, 10304
$6,500,000
For Sale
$6,500,000
COMMERCIAL - Staten Island, NY
Property Size26,000 SF
Lot Size0.62 Acres
Price / SF$250
Days on Market442
Property Features for 1674-1696 Richmond
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 32
- Standard status
- Active
- Lot size
- 0.62 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 81791
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Floors in Building
- 2
- Number of units
- 10
- Building materials
- Block
Listing Agency
All Island Estates Realty Corp
(516) 783-5600
3242 Railroad Ave, Wantagh, NY
Listed by
Richard Matt Shane · License #10301216230
(516) 279-8828
Added: May 2, 2025 Checked: Jul 17 at 1:06 am
MLS# 857014
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
For sale: a 10-unit retail strip center totaling 26,000 square feet on a 27,000 square foot lot (0.6198 acres). The property includes a restaurant space, high ceilings, 3-phase power, strategically placed curb cuts, and a private parking lot with 32 parking spaces. Improvements listed include all-new LED lighting and CAC.
Located on Richmond Road in Staten Island, the center is described as having great exposure and excellent signage, with a daily traffic count of 16,500+ vehicles per day. Neighbors and nearby retailers/services listed include Starbucks, Toyota, Honda, Northwell Health, Staples, CVS, OrangeTheory Fitness, Sherwin-Williams, Fine Fare Supermarkets, and Subway. Current units listed include 1674 Cantina Valencia (2,578 square feet) with lease expiration 2/28/32, and several storefronts identified as available including 1684 Storefront (13,000 square feet) and 1688 Storefront (1,200 square feet). Additional tenants listed include R & C Variety Corp. (1,000 square feet), Torino Pizza (900 square feet), and Yafei Deli (1,340 square feet), each with stated lease expirations. The seller’s remarks also note tenant-paid shares of taxes for multiple spaces.
Located on Richmond Road in Staten Island, the center is described as having great exposure and excellent signage, with a daily traffic count of 16,500+ vehicles per day. Neighbors and nearby retailers/services listed include Starbucks, Toyota, Honda, Northwell Health, Staples, CVS, OrangeTheory Fitness, Sherwin-Williams, Fine Fare Supermarkets, and Subway. Current units listed include 1674 Cantina Valencia (2,578 square feet) with lease expiration 2/28/32, and several storefronts identified as available including 1684 Storefront (13,000 square feet) and 1688 Storefront (1,200 square feet). Additional tenants listed include R & C Variety Corp. (1,000 square feet), Torino Pizza (900 square feet), and Yafei Deli (1,340 square feet), each with stated lease expirations. The seller’s remarks also note tenant-paid shares of taxes for multiple spaces.
Key Highlights
- 26,000 SF, 10‑unit strip center on a 27,000 SF lot on Richmond Road
- R3‑1/C1‑1 zoning with 32 parking spaces and a private parking lot
- Daily traffic count of 16,500+ vehicles per day; strategically placed curb cuts and strong signage
Local Financial Insights For Specialty 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 | $811.2k | $31.20 |
| − Vacancy | −$60.8k | −$2.34 |
| EGI | $750.4k | $28.86 |
| − OpEx | −$187.6k | −$7.22 |
| NOI | $562.8k | $21.65 |
26,000 SF · lease $31.20/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$8.04M
$7.03M – $9.38M
NOI $562,770 @ 7.0% cap · market cap 8.66%
Second Best
Retail
$7.14M
$6.24M – $8.33M
NOI $499,590 @ 7.0% cap · market cap 7.69%
Theoretical Best
Office A
$12.41M
$10.86M – $14.47M
NOI $868,406 @ 7.0% cap · market cap 13.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Strip malls
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Ten-unit strip center with 32 parking spaces and R3-1/C1-1 zoning.
Where is this strip mall located?
The property is located at 1674-1696 Richmond Staten Island, NY.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: 26,000 SF, 10‑unit strip center on a 27,000 SF lot on Richmond Road; R3‑1/C1‑1 zoning with 32 parking spaces and a private parking lot; Daily traffic count of 16,500+ vehicles per day; strategically placed curb cuts and strong signage
