Brick Multifamily with
2401-2407 Richmond Road Staten Island, NY 10306
For Sale
$1,709,999
Brick Tudor multifamily building with eight residential units and two two-car garages.
Property Size5,400 SF
Lot Size0.14 Acres
Price / SF$316.67
Days on Market1225
Property Features for 2401-2407 Richmond Road
General Information
- Standard status
- Active
- Size
- 5,400 SF
- Lot size
- 0.14 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1934
Listing Agency:
Neuhaus Realty Inc
(718) 979-3400
Listed By:
Domenica Neuhaus · License #31NE0018732
(718) 979-3400
Source:
Compass
Added: Mar 20, 2023
Changed: Jul 22
Last Checked: Jul 26 at 1:52PM
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 is comprised of eight residential units and includes two separate two-car garages. The building is offered for sale as an income-producing residential asset, and it is set on a 0.14-acre lot.
The property is described as being in the heart of New Dorp, with convenient access to express buses and within a few blocks of SIRR service, as well as nearby shops and restaurants.
With its eight-unit layout and attached garage income-supporting improvements, the property presents a straightforward residential investment profile.
The property is described as being in the heart of New Dorp, with convenient access to express buses and within a few blocks of SIRR service, as well as nearby shops and restaurants.
With its eight-unit layout and attached garage income-supporting improvements, the property presents a straightforward residential investment profile.
Key Highlights
- Brick Tudor multifamily with 8 residential units in the heart of New Dorp
- 5,400 SF building set on a 0.14‑acre lot
- Two 2‑car garages included
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
Apartment buildings
FAQs
What type of property is this?
Apartment building - Brick Tudor multifamily building with eight residential units and two two-car garages.
Where is this apartment building located?
The property is located at 2401-2407 Richmond Road 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 in the heart of New Dorp; 5,400 SF building set on a 0.14‑acre lot; Two 2‑car garages included
