Multi-Level Flex
For Sale
$3,950,000
526 Richmond Terrace, Staten Island, NY 10301
Commercial, Staten Island, NY
Property Size11,250 SF
Lot Size0.25 Acres
Price / SF$351.11
Days on Market377
Property Features for 526 Richmond Terrace
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
M3-1
Subdivision
New Brighton
Standard status
Active
Size
11,250 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Annual Amount
34357
Amenities
bathrooms
kitchenette
marble lobby
elevator
Building Details
Year built
2001
Floors in Building
2
Number of units
1
Flooring type
Concrete, Granite
Building materials
Block, Steel
Roof type
Flat
Listing Agency:
DiTommaso Real Estate
(718) 667-8000
Listed By:
Valerie F. Bartolone
(718) 966-4000
Added: Sep 5, 2025
Changed: Sep 15
Last Checked: Sep 16 at 8:06AM
MLS# 495531
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 11,250-square-foot flex property combines warehouse, retail, and office-capable areas within a multi-level commercial building. The first floor contains 5,000 square feet, including a 3,750-square-foot warehouse and a 1,400-square-foot retail area, along with two bathrooms and a kitchenette. A 14-foot roll-up garage door, enclosed rear yard, concrete and granite flooring, private marble lobby, and elevator add practical functionality. The building also includes 1,000-amp electrical service and M3-1 zoning. Constructed in 2001 with block and steel materials, it features a flat roof and high ceilings, including 20-foot clearances in the warehouse and second-floor space.
The second floor offers 5,000 square feet with large windows, harbor views, four handicap bathrooms, and a layout that can be subdivided. The property is positioned on a high-traffic main road near downtown St George and transportation, with parking for 8 cars. Its configuration is suited to contractor, fabricator, and manufacturing headquarters uses identified for the property.
The second floor offers 5,000 square feet with large windows, harbor views, four handicap bathrooms, and a layout that can be subdivided. The property is positioned on a high-traffic main road near downtown St George and transportation, with parking for 8 cars. Its configuration is suited to contractor, fabricator, and manufacturing headquarters uses identified for the property.
Key Highlights
- 11,250‑square‑foot flex building on 0.2502 acres
- First floor includes a 3,750‑square‑foot warehouse and 1,400‑square‑foot retail area
- Second floor offers 5,000 square feet with 20‑foot high ceilings and subdivision potential
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
$257,580
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
6.52%
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%
$5,151,600
$5.2M
Cap Rate 7%
$3,679,714
$3.7M
Cap Rate 9%
$2,862,000
$2.9M
Market Conditions
NOI Build-Up for 11,250 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
$432.0K $38.40/SF
− Vacancy
−$88.6K −$7.87/SF
EGI
$343.4K $30.53/SF
− OpEx
−$85.9K −$7.63/SF
NOI
$257.6K $22.90/SF
Area
Staten Island, NY
Vacancy
20.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
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%
$5,151,600
Cap Rate 7%
$3,679,714
Cap Rate 9%
$2,862,000
Alternative Uses
Best Use
Office B
$3.68M
$3.22M – $4.29M
NOI $257,580 @ 7.0% cap · market cap 6.52%
Second Best
Warehouse
$3.41M
$2.98M – $3.98M
NOI $238,565 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$5.37M
$4.70M – $6.26M
NOI $375,753 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
20 ft
Clear height
1
Drive-in doors
Yes
Fenced yard
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
765
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10301, NY
41,474
Population
16,631
Households
2.5
Avg Household Size
40
Median Age
38%
College-Educated
88%
High-School Grad
3.8 sq mi
ZIP Area
10,914
Density / Sq Mi
$84,937
Median Household Income
$50,140
Median Earnings
$1,697
Median Rent
$657,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Flex space - M3-1 zoning, high ceilings, loading access, and an enclosed rear yard support contractor, fabrication, and manufacturing operations.
Where is this flex space located?
The property is located at 526 Richmond Terrace Staten Island, NY.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: 11,250‑square‑foot flex building on 0.2502 acres; First floor includes a 3,750‑square‑foot warehouse and 1,400‑square‑foot retail area; Second floor offers 5,000 square feet with 20‑foot high ceilings and subdivision potential
