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Property profile & analytics
OFF-MARKET Estimated value $720,000
Investment properties

770 Prt Richmond Ave Staten Island, NY 10302-1737

3,981 SF 0.15 ac lot Built 1931
Entity Owned 15-yr Hold Free & Clear
Property ID
US63-2186999
Property summary
AI-generated overview

This exceptional 1,200 square foot commercial space at 770 Port Richmond Avenue, Staten Island, NY 10302, presents a fantastic opportunity for a variety of businesses. Located near the intersection of Forest Avenue, this property boasts excellent visibility and accessibility in a high-traffic area. The space is currently entirely vacant and available for immediate occupancy. The building is a traditional office style, offering a versatile layout suitable for retail, office, or restaurant use. The open floor plan includes a dedicated office area in the rear. Two entrances and motorized roll-down gates provide convenient access. Ample street parking is available for customers. Prominent signage opportunities exist, enhancing visibility from Forest Avenue. The property is conveniently situated near multiple MTA bus lines and surrounded by a mix of established businesses and well-known franchises. The space is electrically powered. The lease is a Net, Net, Net (NNN) lease, offering flexible terms. The minimum divisible space is 1,200 square feet, making it ideal for a single tenant. There are no dedicated parking spaces on the property.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1931
Total area 3,981 SF
Lot 0.15 ac (6,400 SF)
Zoning code R3-2
APN 01140-0002
UPID US63-2186999
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$843k
Blend (final) Blend
$720k
Owner & transaction history
Simon Pan LLC · 15 yrs held
Simon Pan LLC
since 2011
1 recorded transaction
2011
$850,000
Zoning & alternative use
R3-2 · Staten Island, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $1.2M +72.3%
Warehouse, storage $750,000 +8.1%
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