2401-2407 Richmond Rd Staten Island, NY 10306

Property Details for 2401-2407 Richmond Rd

Year built

1934

Lot size

0.14 lot acres

Property size

5,925 SF

Property type

Apartment buildings

Description

This exceptional 10-unit apartment building, located at 2401-2407 Richmond Road in Staten Island's desirable New Dorp neighborhood, presents a compelling investment opportunity. The property, a charming three-story brick Tudor structure built in 1934, boasts a total of 5,925 square feet situated on a 0.14-acre lot. The building comprises eight residential units and two two-car garages, offering significant rental income potential. The property is zoned R3-2, allowing for various uses and potential future development. Its convenient location offers easy access to express buses and is within walking distance of the Staten Island Railway (SIRR), local shops, and restaurants. The asking price is $1,799,000, translating to a price per square foot of $333.15. The property's strong rental history and prime location make it an ideal addition to any investment portfolio, particularly suitable for a 1031 exchange. The property's APN is 00942-0132. This is a rare opportunity to acquire a well-maintained multifamily property in a thriving Staten Island community. The building's solid construction and desirable location ensure a strong return on investment for the discerning buyer. This property offers a blend of classic charm and modern convenience, making it an attractive option for both seasoned investors and those seeking to enter the multifamily market. The property's size and layout provide ample opportunity for future value appreciation.