Mixed-Use Property with Retail
2154 Richmond Terrace, Staten Island, NY 10302
For Sale
$1,999,999
Two attached buildings combine neighborhood retail space with four balcony-equipped apartments under R4 zoning.
Property Size3,296 SF
Price / SF$606.80
Days on Market130
Property Features for 2154 Richmond Terrace
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Mixed-Use Components
Tenant in Place
Amenities
private balconies
Sheet Rock
5+
Hardwood,Tile
Electric
6
3296
Finished
Fence - Partial
Fire - Smoke Alarm,Fire Sprinkler,Kitchen,Security Alarm
Back,Side,Fenced - Partial
Brick
2300
Poured Concrete
19.00
50
Parking Area
49.00
100
Yes
Building Details
Year Built
Buildings
Stories
Tenancy
Listing Agency:
Gama Group LLC
Listed By:
Ameer Hamdan
(718) 717-7727
Source:
Suitsre
Added: Jul 5
Changed: Nov 10
Last Checked: Nov 10 at 2:22PM
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 Gama Group LLC
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Investment Insights
Based on property information with market context.
This mixed-use property comprises two attached buildings totaling 3,296 square feet. The ground-floor component includes two commercial storefronts, with a deli and grocery occupying one space and the other currently vacant. Four apartments provide a consistent residential component; each has two bedrooms, one bathroom, and a private balcony. The buildings were constructed in 2019 and carry R4 zoning.
The property is at 2152-2154 Richmond Terrace in Staten Island. Shopping, public transportation, and major highways are identified among the nearby conveniences. Existing residential tenants include participants in Section 8, CityFHEPS, and CAMBA programs.
The property is at 2152-2154 Richmond Terrace in Staten Island. Shopping, public transportation, and major highways are identified among the nearby conveniences. Existing residential tenants include participants in Section 8, CityFHEPS, and CAMBA programs.
Key Highlights
- Two attached mixed‑use buildings totaling 3,296 square feet
- Four apartments, each with 2 bedrooms, 1 bath, and a private balcony
- Two commercial storefronts; one houses a deli and grocery, while the other is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,966
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,639,320
$1.6M
Cap Rate 7%
$1,170,943
$1.2M
Cap Rate 9%
$910,733
$910.7K
Market Conditions
NOI Build-Up for 3,296 SF
Gross rent
$122.6K $37.20/SF
− Vacancy
−$5.5K −$1.67/SF
EGI
$117.1K $35.53/SF
− OpEx
−$35.1K −$10.66/SF
NOI
$82.0K $24.87/SF
Area
Staten Island, NY
Vacancy
4.50%
Lease Rate
$37.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,639,320
Cap Rate 7%
$1,170,943
Cap Rate 9%
$910,733
Alternative Uses
Best Use
Multifamily LT 5
$1.17M
$1.02M – $1.37M
NOI $81,966 @ 7.0% cap · market cap 4.10%
Second Best
Specialty Retail
$1.14M
$994.7K – $1.33M
NOI $79,574 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$1.57M
$1.38M – $1.83M
NOI $110,087 @ 7.0% cap · market cap 5.50%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,164
Businesses Nearby
Explore this area
Business Placement
Demographics for 10302, NY
20,931
Population
6,927
Households
3
Avg Household Size
35
Median Age
29%
College-Educated
85%
High-School Grad
1.2 sq mi
ZIP Area
17,443
Density / Sq Mi
$76,089
Median Household Income
$43,608
Median Earnings
$1,800
Median Rent
$586,300
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Staten Island, NY
Properties on Market for Mixed-use properties in Staten Island
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two attached buildings combine neighborhood retail space with four balcony-equipped apartments under R4 zoning.
Where is this mixed-use property located?
The property is located at 2154 Richmond Terrace Staten Island, NY.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: Two attached mixed‑use buildings totaling 3,296 square feet; Four apartments, each with 2 bedrooms, 1 bath, and a private balcony; Two commercial storefronts; one houses a deli and grocery, while the other is vacant
