43-Unit Garden-Style Apartment
For Sale
$10,800,000
646 Port Richmond Avenue, Staten Island, NY 10302
Residential, Staten Island, NY
Property Size27,152 SF
Lot Size0.74 Acres
Price / SF$397.76
Days on Market198
Property Features for 646 Port Richmond Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3A
Bedrooms
43
Bathrooms
43
Full bathrooms
43
Half bathrooms
1
Rooms
Bedroom 40, Bedroom 35, Bathroom 7, Bedroom 17, Bathroom 31, Bedroom 34, Bedroom 30, Bathroom 29, Bedroom 29, Bathroom 14, Bedroom 22, Bathroom 1, Bathroom 11, Bathroom 12, Bathroom 10, Bathroom 35, Bedroom 4, Bathroom 17, Bathroom 20, Bedroom 24, Bedroom 3, Bathroom 37, Bathroom 2, Bathroom 40, Bedroom 20, Bedroom 1, Bedroom 14, Bathroom 22, Bedroom 19, Bathroom 36, Bedroom 21, Bathroom 5, Bathroom 4, Bedroom 2, Bedroom 37, Bathroom 43, Bathroom 8, Bedroom 5, Bedroom 7, Bathroom 33, Bathroom 6, Bathroom 41, Bedroom 12, Bedroom 38, Bedroom 41, Bedroom 23, Bedroom 18, Bedroom 42, Bedroom 26, Bathroom 18, Bathroom 30, Bathroom 38, Bedroom 33, Bedroom 25, Bathroom 26, Bathroom 32, Bedroom 36, Bedroom 31, Bathroom 15, Bathroom 23, Bedroom 16, Bedroom 8, Bedroom 9, Bathroom 42, Bedroom 6, Bathroom 13, Bedroom 28, Bathroom 27, Bathroom 34, Bathroom 21, Bathroom 25, Bathroom 16, Bedroom 32, Bedroom 11, Bedroom 15, Bathroom 39, Bathroom 3, Bathroom 28, Bedroom 43, Bedroom 39, Bathroom 19, Bathroom 24, Bathroom 9, Bedroom 10, Bedroom 27, Bedroom 13
Interior features
Laundry Area
Basement
Full
Subdivision
Port Richmond
Standard status
Active
Size
27,152 SF
Lot size
0.74 Acres
Taxes and HOA fees
Tax Annual Amount
133323
Amenities
laundry area
Building Details
Year built
1971
Floors in Building
3
Flooring type
Hardwood
Building materials
Brick
Roof type
Shingle
Listing Agency:
Neuhaus Realty Inc.
(718) 979-3400
Listed By:
Giovanna Cardinale · License #40CA1050108
(732) 946-2911
Added: Mar 30
Changed: Oct 13
Last Checked: Oct 13 at 9:06PM
MLS# 500048
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 27,152-square-foot brick apartment complex was built in 1971 and sits on a 0.7388-acre lot. The reported 43-unit configuration includes 13 two-bedroom apartments, 17 one-bedroom apartments, 12 studios, and a first-floor office. A 6,000-square-foot basement contains a laundry area. The property also has 39 on-site parking spaces. The roof is described as 3 years old, and the heating system as 6 years old.
The property is in Port Richmond on Staten Island. Shopping and city bus service are immediately outside the property, with routes serving Brooklyn, Manhattan, and Staten Island Mall. The building is zoned R3A.
The property is in Port Richmond on Staten Island. Shopping and city bus service are immediately outside the property, with routes serving Brooklyn, Manhattan, and Staten Island Mall. The building is zoned R3A.
Key Highlights
- 43‑unit configuration: 13 two‑bedroom apartments, 17 one‑bedroom apartments, 12 studios, and a first‑floor office
- 27,152‑square‑foot brick building on a 0.7388‑acre lot
- 6,000‑square‑foot basement with laundry area
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.
How Realmo checks its estimates
Property Analytics
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Current Use
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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - The brick complex includes a ground-floor office, an on-site laundry area, and R3A zoning.
Where is this apartment building located?
The property is located at 646 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: 43‑unit configuration: 13 two‑bedroom apartments, 17 one‑bedroom apartments, 12 studios, and a first‑floor office; 27,152‑square‑foot brick building on a 0.7388‑acre lot; 6,000‑square‑foot basement with laundry area
