776 Richmond Ter Staten Island, NY 10301
- Investment properties
- 2,470 SF
- 0.06 lot acres
Current Use by Public Records
- Art On The Terrace / Art Gallery
Property Details for 776 Richmond Ter
- Year built
- 1880
- Lot size
- 0.06 lot acres
- Property size
- 2,470 SF
- Zone code
- M1-1
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 00069-0105
- APU
- 690105
Description
This exceptional 1,200 square foot retail and office space, located at 776 Richmond Terrace on Staten Island, presents a unique investment opportunity. The single-tenant building, constructed in 1880, features two stories with 8-10 foot ceilings (and other ceiling heights). The property sits on a 2,544 square foot lot and offers an open layout ideal for a variety of uses. Benefiting from approximately 24 feet of frontage on Richmond Terrace, between Clinton and Lafayette Avenues, this location provides excellent visibility and accessibility. The M1-1 zoning allows for diverse business applications. Adding to its appeal, the property includes a basement and a backyard, offering additional storage or expansion potential. Its convenient location ensures proximity to shopping and public transportation, enhancing its attractiveness to both businesses and customers. This is a rare chance to acquire a well-situated, historic building with significant potential in a thriving Staten Island neighborhood. The property's size and features make it suitable for a range of businesses seeking a prominent location with ample space.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $265,000
- 6.5%
- $280,000
- 7%
- $260,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $280,000
- Geo Method
- $300,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $260,000
- Retail
- $315,000
- Mixed-Use
- $315,000
- Hospitality
- $275,000
- Educational
- $305,000
- Residential Income
- $260,000
- Energy
- $240,000
- Income-Based Land
- $320,000
- Food Service
- $305,000
Location Insight
- Map
- Local Demand
- City
- Staten Island
- County
- Richmond
- State
- New York
- Longitude
- -74.0981
- Latitude
- 40.6444
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA