Staten Island Multifamily Investment
646-662 Port Richmond Avenue, Staten Island, NY 10302
MULTI_FAMILY - Staten Island, NY
Property size:
27,152 SFLot size:
0.74 AcresPrice / SF:
$397/SF- Added:
- Mar 30, 2026
- Days on Market:
- 83
- Last Refresh:
- Jun 20 at 8:06 am
Property Features for 646-662 Port Richmond Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3A
- Bedrooms
- 43
- Bathrooms
- 43
- Rooms
- Bathroom 20, Bathroom 9, Bathroom 11, Bathroom 15, Bathroom 28, Bathroom 42, Bedroom 36, Bedroom 27, Bedroom 9, Bathroom 34, Bedroom 1, Bathroom 7, Bedroom 16, Bathroom 1, Bedroom 32, Bedroom 11, Bathroom 22, Bathroom 41, Bedroom 4, Bedroom 35, Bathroom 23, Bathroom 25, Bathroom 4, Bedroom 38, Bedroom 42, Bedroom 6, Bedroom 18, Bedroom 19, Bathroom 37, Bedroom 40, Bedroom 20, Bedroom 10, Bathroom 33, Bedroom 37, Bedroom 13, Bathroom 13, Bathroom 27, Bathroom 10, Bedroom 15, Bathroom 39, Bedroom 23, Bathroom 24, Bedroom 41, Bedroom 3, Bathroom 21, Bathroom 5, Bathroom 43, Bedroom 28, Bathroom 8, Bedroom 24, Bathroom 32, Bedroom 30, Bathroom 36, Bathroom 18, Bedroom 25, Bathroom 16, Bathroom 14, Bedroom 33, Bathroom 31, Bathroom 40, Bedroom 17, Bathroom 30, Bathroom 2, Bedroom 26, Bedroom 43, Bathroom 3, Bathroom 26, Bedroom 2, Bathroom 35, Bedroom 34, Bathroom 12, Bedroom 39, Bathroom 19, Bedroom 31, Bathroom 6, Bedroom 12, Bedroom 8, Bedroom 22, Bedroom 29, Bedroom 5, Bedroom 21, Bathroom 38, Bathroom 29, Bedroom 7, Bathroom 17, Bedroom 14
- Interior features
- Laundry Area
- Basement
- Full
- Standard status
- Active
- Size
- 27,152 SF
- Lot size
- 0.74 Acres
Taxes and HOA fees
- Tax Annual Amount
- 133323
Building Details
- Year built
- 1971
- Floors in Building
- 3
- Flooring type
- Hardwood
- Building materials
- Brick
- Roof type
- Shingle
Listing agent Giovanna Cardinale License #40CA1050108 (718) 979-3400
Listing office Neuhaus Realty Inc. 3171 Richmond Rd, Staten Island, NY (718) 979-3400
Listing date Mar 30, 2026
MLS# 500048
Listing URL
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.
HighLights
- High Net Operating Income: $724,460 yearly.
- 43‑unit all‑brick garden‑style apartment building.
- Relatively new roof (3 years old) and state‑of‑the‑art heating system (6 years old).
- Diverse unit mix featuring 13 two‑bedroom, 17 one‑bedroom, and 12 studio apartments, plus a large office.
- Convenient location in Port Richmond, Staten Island, with shopping and city bus access to Brooklyn, Manhattan, and Staten Island Mall.
- 39 on‑site parking spaces.
Overview
This is an opportunity to own a 43-unit, not rent stabilized, all-brick, U-shaped, garden-style apartment building complex with 39 parking spaces. The 27,152 square foot building features a 3-year-old roof and a 6-year-old heating system. It is situated on a 200' x 180' lot and includes a large 6,000 square foot basement with a laundry area. The building consists of one large first-floor office, 13 two-bedroom apartments, 17 one-bedroom apartments, and 12 studio apartments. Located in the Port Richmond neighborhood of Staten Island, New York, the property offers convenient access to shopping and city buses to Brooklyn, Manhattan, and the Staten Island Mall.
Local Financial Insights For Apartment 5plus
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 | $1.14M | $42.00 |
| − Vacancy | −$45.6k | −$1.68 |
| EGI | $1.09M | $40.32 |
| − OpEx | −$492.6k | −$18.14 |
| NOI | $602.1k | $22.18 |
27,152 SF · lease $42.00/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$8.60M
$7.53M – $10.04M
NOI $602,123 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.96M
$11.34M – $15.11M
NOI $906,883 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Staten Island
- County
- Richmond
- State
- New York
- Longitude
- -74.142754
- Latitude
- 40.627571
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 43-unit apartment building complex in Staten Island's Port Richmond neighborhood.
Where is this apartment building located?
The property is located at 646-662 Port Richmond Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $10,800,000.
What are key features of this property?
This property features: High Net Operating Income: $724,460 yearly.; 43‑unit all‑brick garden‑style apartment building.; Relatively new roof (3 years old) and state‑of‑the‑art heating system (6 years old).
