For Sale
$40,000

1143 Railroad Ave Richmond, NY 10306

High-traffic location, excellent NOI.

Overview

Added:
Dec 11, 2024
Days on market:
127
This 1,336 square foot retail space at 1143 North Railroad Avenue in Richmond, Staten Island (zip code 10306) is offered at $40,000 with a 1.76% cap rate and a net operating income (NOI) of $70,332. The property sits on a 1,900 square foot lot and boasts 8-10 foot ceilings. Its prime location in one of Staten Island's premier business districts ensures high visibility and foot traffic. The property includes one guaranteed parking spot, with ample street parking also available. Its convenient proximity to the New Dorp Train Station and the Verrazano-Narrows Bridge enhances accessibility. The space currently features nine workstations and offers potential for expansion into multi-service offerings such as barbering, threading, lash services, waxing, manicures, and pedicures. This presents a unique opportunity for a savvy investor seeking a strong return in a thriving commercial area.

Highlights

  • 1,336 SF retail space at 1143 North Railroad Ave, Staten Island, NY 10306.
  • Offered at $40,000 with a 1.76% cap rate and $70,332 NOI.
  • Situated on a 1,900 SF lot with 8-10' ceilings.
  • Prime location in a premier business district with high visibility and foot traffic.
  • Includes one parking space plus ample street parking; near New Dorp Train Station and Verrazano-Narrows Bridge.
  • Currently features nine workstations, ideal for multi-service businesses.

Property Details for 1143 Railroad Ave

Property type
Retail properties
Square Feet
1,336 SF

Location Insight

City
Richmond
County
Staten Island
State
New York
Latitude
40.5794767
Longitude
-74.1098074
1143 Railroad Ave, Richmond, New York

FAQs

What type of property is this?
Retail property - High-traffic location, excellent NOI.
Where is the retail property located?
The property is located at 1143 Railroad Ave Richmond, NY.
What is the asking price?
The asking price for this property is $40,000.
What are key features of this property?
This property features: 1,336 SF retail space at 1143 North Railroad Ave, Staten Island, NY 10306.; Offered at $40,000 with a 1.76% cap rate and $70,332 NOI.; Situated on a 1,900 SF lot with 8-10' ceilings.
How can I contact the broker?
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1143 Railroad Ave
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