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    Port Richmond Ave Staten Island, NY 10302

    Sponsored
    For Sale
    $10,700,000

    43-Unit Apartment Building, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 43-unit apartment building located at 646-662 Port Richmond Avenue, Staten Island, NY 10302. The property, a three-story, all-brick, U-shaped garden-style building, boasts a total of 27,152 square feet situated on a 0.349-acre lot (approximately 200' x 180'). Built in 1974, the building features a recently updated roof (5 years old) and a state-of-the-art heating system (8 years old). A substantial 6,000 square foot basement includes a laundry area. The property also offers 39 private parking spaces. The unit mix comprises 13 two-bedroom apartments, 17 one-bedroom apartments, 12 studio apartments, and one large first-floor office. This is a non-rent-stabilized building, offering significant upside potential. Its convenient Port Richmond location provides easy access to shopping, public transportation with city buses connecting to Brooklyn, Manhattan, and the Staten Island Mall. Financial details are available upon request. This presents a rare chance to acquire a well-maintained, high-occupancy multifamily property in a desirable New York City borough. The building's strong features and prime location make it an ideal investment for discerning buyers seeking substantial returns.

    Property Features for 0 Port Richmond Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1974
    Stories
    3
    Units
    30

    HighLights

    • 43‑unit apartment building at 646‑662 Port Richmond Ave, Staten Island, NY 10302.
    • Three‑story, all‑brick, U‑shaped garden‑style building totaling 27,152 square feet on a 0.349‑acre lot.
    • Recently updated roof (5 years old) and 8‑year‑old heating system.
    • 6,000 sq ft basement with laundry facilities and 39 private parking spaces.
    • Unit mix: 13 two‑bedroom, 17 one‑bedroom, 12 studio apartments, and one office; non‑rent‑stabilized.
    • Prime Port Richmond location with easy access to shopping and public transportation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Staten Island
    County
    Richmond
    State
    New York
    Longitude
    -74.1374251
    Latitude
    40.6325043

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    FAQs

    What type of property is this?
    Multifamily property - 43-Unit Apartment Building, Prime Location
    Where is this multifamily property located?
    The property is located at Port Richmond Ave Staten Island, NY.
    What is the asking price?
    The asking price for this property is $10,700,000.
    What are key features of this property?
    This property features: 43-unit apartment building at 646-662 Port Richmond Ave, Staten Island, NY 10302.; Three-story, all-brick, U-shaped garden-style building totaling 27,152 square feet on a 0.349-acre lot.; Recently updated roof (5 years old) and 8-year-old heating system.
    Request Owner's contact information
    Port Richmond Ave Staten Island, NY 10302
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    Port Richmond Ave
    Staten Island, NY 10302
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Port Richmond Ave Staten Island, NY 10302
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