3881 Richmond Ave Staten Island, NY 10312-3840
Property profile & analytics
3881 Richmond Ave Staten Island, NY 10312-3840
- Specialty properties
- 3,500 SF
- 0.24 lot acres
Property ID
US63-5485957
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Bank of America (with Drive-thru ATM) / Bank / Loan Service
- Bank of America Mortgage / Loan Service / Bank
- Bank of America ATM (Drive-thru) / Atm
Property Details for 3881 Richmond Ave
- Year built
- 2014
- Lot size
- 0.24 lot acres
- Property size
- 3,500 SF
- Zone code
- R3-2
- Property type
- Specialty properties
- APN
- 05497-0130
- APU
- 54970130
Description
This exceptional investment opportunity presents a 3,483 square foot, freestanding Bank of America branch located at 3881 Richmond Avenue, Staten Island, NY 10312. The property sits on a 0.67-acre lot and boasts a 100% occupancy rate under a 20-year absolute NNN ground lease with Bank of America, a credit-rated tenant with a corporate guarantee. The lease commenced August 1, 2014, and expires July 31, 2034, leaving approximately 9.7 years remaining. The lease includes various rent bumps and two 10-year renewal options, providing long-term stability and predictable income. The property's strong financial performance is reflected in its $4,083,000 asking price, a $1,172.27 price per square foot, and a 7.00% cap rate, based on a net operating income (NOI) of $285,800. Built in 2014, this strategically located bank benefits from high visibility at a signalized intersection with significant daily vehicle traffic. The surrounding area demonstrates strong demographics, with a high average household income within a short driving radius and proximity to major shopping centers and the Eltingville Train Station, ensuring continued high traffic and strong tenant performance. This is a rare opportunity to acquire a high-quality, net-leased property anchored by a financially sound, national tenant.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Staten Island
- County
- Richmond
- State
- New York
- Longitude
- -74.164
- Latitude
- 40.5438
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$83,088
$187,200
$597,240
$784,440
-
$416,000
$1,398,000
$1,814,000
