Renovated Two-Story Retail
For Sale
Contact for pricing
Pending
956 Richmond Avenue, Staten Island, NY 10314
Completely renovated two-story commercial space with 1,700 sq. ft. open first floor and 1,300 sq. ft. second level.
Property Size2,400 SF
Days on Market498
Property Features for 956 Richmond Avenue
General Information
Standard status
Pending
Size
2,400 SF
Property subtype
Business for Sale, Office, Retail, Industrial
Zoning
C1-2
Building Details
Year Built
1975
Buildings
1
Stories
2
Listing Agency:
NEUHAUS REALTY INC.
Listed By:
Gaetano Marasa · License #NY
(917) 656-1583
Source:
Crexi
Added: Jun 16, 2025
Changed: Oct 25
Last Checked: Oct 26 at 4:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NEUHAUS REALTY INC.
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Investment Insights
Based on property information with market context.
Completely renovated two-story commercial space totaling about 3,000 sq. ft., configured with approximately 1,700 sq. ft. of open area on the first floor and an additional 1,300 sq. ft. on the second floor. The layout supports a range of retail and service uses where visibility and flexible floor planning are important.
Located at 956 Richmond Avenue, directly across from a busy shopping plaza, the property is positioned for strong walk-in exposure from surrounding retail activity. The building’s two-level configuration offers practical options for combining customer-facing space below with additional operating area upstairs.
The property is presented for sale and is described as adaptable for uses such as restaurant, nail salon, café, boutique, or professional office, depending on the user’s operating plan and requirements.
Located at 956 Richmond Avenue, directly across from a busy shopping plaza, the property is positioned for strong walk-in exposure from surrounding retail activity. The building’s two-level configuration offers practical options for combining customer-facing space below with additional operating area upstairs.
The property is presented for sale and is described as adaptable for uses such as restaurant, nail salon, café, boutique, or professional office, depending on the user’s operating plan and requirements.
Key Highlights
- Completely renovated two‑story commercial space with 3,000 sq. ft. total building area
- 1,700 sq. ft. open first‑floor space plus 1,300 sq. ft. second‑floor area
- Year built: 1975
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,476
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,229,520
$1.2M
Cap Rate 7%
$878,229
$878.2K
Cap Rate 9%
$683,067
$683.1K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$103.1K $42.96/SF
− Vacancy
−$21.1K −$8.81/SF
EGI
$82.0K $34.15/SF
− OpEx
−$20.5K −$8.54/SF
NOI
$61.5K $25.61/SF
Area
ZIP 10314
Vacancy
20.50%
Lease Rate
$42.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,229,520
Cap Rate 7%
$878,229
Cap Rate 9%
$683,067
Alternative Uses
Best Use
Office B
$878.2K
$768.5K – $1.02M
NOI $61,476 @ 7.0% cap · market cap 6.15%
Second Best
Retail
$658.8K
$576.5K – $768.6K
NOI $46,116 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,161 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,045
Businesses Nearby
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Business Placement
Demographics for 10314, NY
92,157
Population
33,554
Households
2.7
Avg Household Size
41
Median Age
37%
College-Educated
89%
High-School Grad
13.0 sq mi
ZIP Area
7,089
Density / Sq Mi
$104,655
Median Household Income
$58,769
Median Earnings
$1,726
Median Rent
$665,500
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Completely renovated two-story commercial space with 1,700 sq. ft. open first floor and 1,300 sq. ft. second level.
Where is this retail space located?
The property is located at 956 Richmond Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Completely renovated two‑story commercial space with 3,000 sq. ft. total building area; 1,700 sq. ft. open first‑floor space plus 1,300 sq. ft. second‑floor area; Year built: 1975
