Fully Occupied Industrial
For Sale
Contact for pricing
3111 Richmond Ter, Staten Island, NY 10303
Industrial warehouse site in an M3-1 zoning district with a fully occupied building generating annual income exceeding $1,000,000.
Property Size75,000 SF
Price / SF$260
Days on Market131
Property Features for 3111 Richmond Ter
General Information
Standard status
Active
Size
75,000 SF
Property subtype
Industrial
Building Details
Year Built
1931
Listing Agency:
United National Realty
(718) 979-8000
Listed By:
Michael Dukhovny · License #NY
Source:
Crexi
Added: Mar 26
Changed: Jul 21
Last Checked: Aug 3 at 11:24AM
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.
The offering consists of a fully occupied industrial warehouse property totaling over 60,000 square feet. The building is currently leased, with tenants up to date on rents, and most leases include 5% yearly increases.
The property is located along Staten Island’s northern shore in one of its few industrial areas, within the M3-1 zoning district, which allows for most uses. It is also described as being near major expressways and bridges.
This is presented as an investor-focused opportunity, with the property providing ongoing rental income as conveyed in the current occupancy and lease terms.
The property is located along Staten Island’s northern shore in one of its few industrial areas, within the M3-1 zoning district, which allows for most uses. It is also described as being near major expressways and bridges.
This is presented as an investor-focused opportunity, with the property providing ongoing rental income as conveyed in the current occupancy and lease terms.
Key Highlights
- Industrial warehouse property at 3111 Richmond Terrace, Staten Island, NY
- More than 60,000 sq ft site with a fully occupied building
- Fully occupied building with annual income exceeding $1,000,000
Financial Insights For Warehouse
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 | $1.98M | $26.40 |
| − Vacancy | −$108.9k | −$1.45 |
| EGI | $1.87M | $24.95 |
| − OpEx | −$280.7k | −$3.74 |
| NOI | $1.59M | $21.21 |
75,000 SF · lease $26.40/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$22.72M
$19.88M – $26.51M
NOI $1,590,435 @ 7.0% cap · market cap 8.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$35.79M
$31.31M – $41.75M
NOI $2,505,017 @ 7.0% cap · market cap 12.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
336
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10303, NY
28,155
Population
9,580
Households
2.9
Avg Household Size
34
Median Age
30%
College-Educated
83%
High-School Grad
3.2 sq mi
ZIP Area
8,798
Density / Sq Mi
$79,429
Median Household Income
$49,072
Median Earnings
$1,520
Median Rent
$457,600
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse site in an M3-1 zoning district with a fully occupied building generating annual income exceeding $1,000,000.
Where is this warehouse located?
The property is located at 3111 Richmond Ter Staten Island, NY.
What is the asking price?
The asking price for this property is $19,500,000.
What are key features of this property?
This property features: Industrial warehouse property at 3111 Richmond Terrace, Staten Island, NY; More than 60,000 sq ft site with a fully occupied building; Fully occupied building with annual income exceeding $1,000,000
