Staten Island Commercial Property For
2940 Richmond Terrace Staten Island, NY 10303
For Sale
$1,199,000
COMMERCIAL - Staten Island, NY
Property Size3,450 SF
Lot Size0.07 Acres
Price / SF$347.54
Days on Market109
Property Features for 2940 Richmond Terrace
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
C2-2/R3A
Standard status
Active
Size
3,450 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
30462
Building Details
Number of units
2
Flooring type
Tile
Building materials
Brick
Roof type
Shingle
Listing Agency:
RE/MAX Edge
(718) 612-3088
Listed By:
Renzhang Danny Dong · License #10401281569
(718) 612-3088
Added: Apr 13
Changed: Apr 30
Last Checked: Jul 30 at 3:06AM
MLS# 500412
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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.
This well-maintained commercial property offers flexibility for a variety of commercial or professional uses. The property features two expansive conference rooms suitable for meetings, training sessions, or collaborative work environments, along with one lavatory. The layout provides an open and functional flow, allowing for customization to suit office, educational, or creative business needs. High ceilings and generous room dimensions create a bright and professional atmosphere, while large windows invite ample natural light throughout the space. Situated along Richmond Terrace, the property benefits from strong visibility and accessibility, with proximity to major transportation routes, the Staten Island Ferry, and surrounding residential communities. The property, located in Staten Island, NY, has a zoning of C2-2/R3A and a lot size of 0.0689 acres. The property size is 3450 square feet. It is suitable for investors or end-users seeking a versatile space in a growing Staten Island corridor.
Key Highlights
- High‑income producing property suitable for commercial or professional use.
- Prime location on Richmond Terrace with high visibility and accessibility.
- Proximity to major transportation routes and the Staten Island Ferry.
Financial Insights For Office B
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 | $132.5k | $38.40 |
| − Vacancy | −$27.2k | −$7.87 |
| EGI | $105.3k | $30.53 |
| − OpEx | −$26.3k | −$7.63 |
| NOI | $79.0k | $22.90 |
3,450 SF · lease $38.40/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.13M
$987.4K – $1.32M
NOI $78,991 @ 7.0% cap · market cap 6.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,231 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Income-producing commercial property with flexibility for various professional uses.
Where is this office building located?
The property is located at 2940 Richmond Terrace Staten Island, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: High‑income producing property suitable for commercial or professional use.; Prime location on Richmond Terrace with **high visibility and accessibility.**; Proximity to major transportation routes and the Staten Island Ferry.
