Warehouse-Improved Development
For Sale
$990,000
3410 Richmond Terrace lot 4, Staten Island, NY 10303
LAND - Staten Island, NY
Property Size1,366 SF
Lot Size0.19 Acres
Price / SF$724.74
Days on Market81
Property Features for 3410 Richmond Terrace lot 4
General Information
Property type
Land
Property subtype
Other
Zoning
R3-2
Subdivision
Mariners Harbor
Standard status
Active
Size
1,366 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Annual Amount
7124
Building Details
Year built
1930
Floors in Building
1
Listing Agency:
A P Services Inc
(347) 515-8272
Listed By:
Aliaksei A. (Alex) Palaukou · License #AP8095
(347) 515-8272
Added: Jun 3
Changed: Jul 21
Last Checked: Aug 22 at 6:06AM
MLS# 501981
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.
3410 Richmond Terrace is an approximately 8,362 SF vacant lot in Staten Island that is improved with an existing approximately 1,388 SF warehouse/storage/house structure. The property is presented for sale as a development and redevelopment asset, offering flexibility for investors, developers, owner-users, or contractors.
The site is located along the North Shore corridor in the Arlington/Port Ivory area. The public remarks note proximity to industrial, logistics, and waterfront redevelopment projects, with access to regional transportation networks.
The lot is zoned R3-2. The property may also be sold together with the adjacent lot at 10 Holland Ave (50x117, total 5,850 SF), providing an option to assemble additional land for larger-scale plans.
The site is located along the North Shore corridor in the Arlington/Port Ivory area. The public remarks note proximity to industrial, logistics, and waterfront redevelopment projects, with access to regional transportation networks.
The lot is zoned R3-2. The property may also be sold together with the adjacent lot at 10 Holland Ave (50x117, total 5,850 SF), providing an option to assemble additional land for larger-scale plans.
Key Highlights
- 8,362 SF lot on Staten Island North Shore’s Arlington/Port Ivory area.
- Property includes an approximately 1,388 SF warehouse/storage/house structure.
- Year built: 1930.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,967
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$579,340
$579.3K
Cap Rate 7%
$413,814
$413.8K
Cap Rate 9%
$321,856
$321.9K
Market Conditions
NOI Build-Up for 1,366 SF
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.
Gross rent
$36.1K $26.40/SF
− Vacancy
−$2.0K −$1.45/SF
EGI
$34.1K $24.95/SF
− OpEx
−$5.1K −$3.74/SF
NOI
$29.0K $21.21/SF
Area
Staten Island, NY
Vacancy
5.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$579,340
Cap Rate 7%
$413,814
Cap Rate 9%
$321,856
Alternative Uses
Best Use
Warehouse
$413.8K
$362.1K – $482.8K
NOI $28,967 @ 7.0% cap · market cap 2.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$651.8K
$570.3K – $760.4K
NOI $45,625 @ 7.0% cap · market cap 4.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
272
Businesses Nearby
Balanced
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.
Similar Off Market Nearby
- Staten Island Distribution Center — 400 Western Ave, Staten Island, NY 10303
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- Self Storage — 35 Journeay St, Staten Island, NY 10303
- CubeSmart Self Storage — 3131 Richmond Ter, Staten Island, NY 10303
Frequently Asked Questions
What type of property is this?
Warehouse - Vacant development lot improved with an existing warehouse/storage/house structure, zoned R3-2 in Staten Island.
Where is this warehouse located?
The property is located at 3410 Richmond Terrace lot 4 Staten Island, NY.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: 8,362 SF lot on Staten Island North Shore’s Arlington/Port Ivory area.; Property includes an approximately 1,388 SF warehouse/storage/house structure.; Year built: 1930.
