43-Unit Garden-Style Apartment
For Sale
$10,800,000
646-662 Port Richmond Ave, Staten Island, NY 10302
Residential Income, Staten Island, NY
Property Size27,152 SF
Lot Size0.83 Acres
Price / SF$397.76
Days on Market189
Property Features for 646-662 Port Richmond Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
42
Bathrooms
43
Full bathrooms
43
Rooms
Bedroom 11, Bedroom 14, Bedroom 42, Bathroom 41, Bedroom 12, Bathroom 19, Bedroom 24, Bedroom 28, Bathroom 12, Bathroom 35, Bathroom 34, Bedroom 30, Bedroom 5, Bathroom 22, Bathroom 11, Bedroom 18, Bathroom 39, Bathroom 40, Bathroom 30, Bedroom 21, Bathroom 29, Bedroom 35, Bedroom 37, Bedroom 27, Bathroom 37, Bedroom 41, Bathroom 28, Bedroom 16, Bedroom 33, Bathroom 2, Bedroom 17, Bathroom 6, Bathroom 17, Bedroom 20, Bathroom 26, Bathroom 23, Bedroom 4, Bedroom 3, Bathroom 10, Bedroom 38, Bathroom 13, Bedroom 31, Bedroom 15, Bathroom 4, Bedroom 26, Bathroom 5, Bathroom 31, Bedroom 22, Bathroom 3, Bedroom 39, Bathroom 7, Bedroom 7, Bathroom 27, Bedroom 23, Bedroom 6, Bedroom 10, Bathroom 9, Bathroom 14, Bathroom 8, Bedroom 9, Bedroom 36, Bedroom 25, Bathroom 42, Bathroom 16, Bedroom 32, Bathroom 43, Bedroom 19, Bedroom 8, Bathroom 36, Bedroom 40, Bathroom 1, Bedroom 1, Bathroom 20, Bathroom 38, Bedroom 34, Bathroom 15, Bathroom 24, Bathroom 32, Bedroom 29, Bedroom 13, Bathroom 21, Bathroom 25, Bathroom 33, Bedroom 2, Bathroom 18
Parking features
Driveway
Fencing
Fenced
Subdivision
Port Richmond
Lot features
Sprinklers In Front
Standard status
Active
Lot size
0.83 Acres
Utilities
Heating system
Baseboard, Natural Gas, Hot Water(Heating)
Water source
Public
Amenities
laundry area
Building Details
Year built
1974
Floors in Building
3
Flooring type
Hardwood
Building materials
Masonite, Brick
Roof type
Asphalt
Architectural style
Other
Listing Agency:
NEUHAUS REALTY INC
Listed By:
Giovanna Cardinale
(718) 979-3400
Added: Apr 15
Changed: Oct 19
Last Checked: Oct 20 at 8:06AM
MLS# 11692025
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 43-unit apartment property is a brick garden-style complex with a separate first-floor office. Its residential mix includes 12 studios, 17 one-bedroom apartments, and 13 two-bedroom apartments. The building contains 27,152 square feet on a 0.8264-acre lot and was built in 1974.
Residents have access to 39 private parking spaces and a large basement with a laundry area and two exterior entrances. The roof was replaced two years before the listing, and the heating system was updated six years before the listing. Shopping and city bus service are described as directly outside the property, with routes serving Brooklyn, Manhattan, and Staten Island Mall.
Residents have access to 39 private parking spaces and a large basement with a laundry area and two exterior entrances. The roof was replaced two years before the listing, and the heating system was updated six years before the listing. Shopping and city bus service are described as directly outside the property, with routes serving Brooklyn, Manhattan, and Staten Island Mall.
Key Highlights
- 43‑unit brick garden‑style apartment complex
- 27,152 square feet on a 0.8264‑acre lot
- Unit mix: 12 studios, 17 one‑bedroom apartments, and 13 two‑bedroom apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$602,123
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,042,460
$12.0M
Cap Rate 7%
$8,601,757
$8.6M
Cap Rate 9%
$6,690,256
$6.7M
Market Conditions
NOI Build-Up for 27,152 SF
Gross rent
$1.14M $42.00/SF
− Vacancy
−$45.6K −$1.68/SF
EGI
$1.09M $40.32/SF
− OpEx
−$492.6K −$18.14/SF
NOI
$602.1K $22.18/SF
Area
Staten Island, NY
Vacancy
4.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,042,460
Cap Rate 7%
$8,601,757
Cap Rate 9%
$6,690,256
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 authorities.
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Property Analytics
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Lease Details
42
Residential units
Location Intelligence
Trade Area within ½ mile
1,562
Businesses Nearby
Explore this area
Business Placement
Demographics for 10302, NY
20,931
Population
6,927
Households
3
Avg Household Size
35
Median Age
29%
College-Educated
85%
High-School Grad
1.2 sq mi
ZIP Area
17,443
Density / Sq Mi
$76,089
Median Household Income
$43,608
Median Earnings
$1,800
Median Rent
$586,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - The property combines a ground-floor office with a mix of studios and one- and two-bedroom apartments.
Where is this apartment building located?
The property is located at 646-662 Port Richmond Ave 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: 43‑unit brick garden‑style apartment complex; 27,152 square feet on a 0.8264‑acre lot; Unit mix: 12 studios, 17 one‑bedroom apartments, and 13 two‑bedroom apartments
