438 Port Richmond Ave Staten Island, NY 10302

Listing agency Capri Jet Realty Corp i***@caprijetrealty.com Show Phone

Listed by Theo Eastwind · License #NY 10301212398

Source Crexi

Added: Apr 10 Updated: Jul 20 at 5:45PM Checked: Jul 21 at 9:08AM

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Investment Insights

Based on property information with market context.

This fully occupied three-unit retail shopping center offers a stable tenant lineup with long leases in place. The property is listed as Building Class B and includes 7,680 SF of gross leasable area on a 0.32 AC lot, with 25 deeded parking spots available for customers and tenants. Reported annual performance includes NET income of $246,000/year, with annual taxes of $44,190/year, and the leases include annual increases.

The property is located at 438 Port Richmond Ave, with zoning identified as C81 and R3A in the provided materials. For buyers and brokers, the center is also described as having NN leases.

With three retail units all currently leased, this asset is positioned for ongoing rental income within its retail corridor setting as described in the offering remarks.

Key Highlights

• Fully occupied 3‑unit retail shopping center at 438 Port Richmond Ave, Staten Island, NY 10302
• 7,680 SF gross leasable area with 100% occupancy and tenants on long leases
• NN leases with annual increases (3.8% low rate assumable mortgage listed at $1,800,000)

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FAQs

What type of property is this?

Shopping center - Fully occupied three-unit retail center with long leases, annual increases, and 25 deeded parking spots.

Where is this shopping center located?

The property is located at 438 Port Richmond Ave Staten Island, NY.

What are key features of this property?

This property features: Fully occupied 3‑unit retail shopping center at 438 Port Richmond Ave, Staten Island, NY 10302; 7,680 SF gross leasable area with 100% occupancy and tenants on long leases; NN leases with annual increases (3.8% low rate assumable mortgage listed at $1,800,000)