438 Port Richmond AveStaten Island, NY 10302

  • Retail properties
  • 7,660 SF
For Lease
$45/SF/YR View listing

Property Details for 438 Port Richmond Ave

Year built
1931
Lot size
0.41 AC
Property size (Sq ft)
7,660 SF
Zone code
C8-1
Property type
Retail properties
Property subtype
Retail space
APN
01101-0062
APU
11010062

Description

This exceptional 7,600 square foot commercial property, located at 438 Port Richmond Avenue in Staten Island's Richmond County, presents a unique investment opportunity. Classified as a Class B building, it offers flexible space ideal for a variety of uses. The property currently features 4,200 square feet of vacant space, divisible into units ranging from 800 to 2,200 contiguous square feet, making it perfect for single tenants or multiple businesses. The building's diverse zoning allows for a wide range of tenants, including traditional office spaces, coworking environments, and medical offices, as well as retail establishments such as restaurants, pharmacies, grocery stores, or other service-oriented businesses. The property includes ample parking with 22 spaces available for tenants and their clients. The building is situated in the vibrant Staten Island submarket, offering excellent accessibility and visibility. This is an exceptional opportunity to secure prime commercial space in a thriving location. The flexible layout and diverse zoning options make this property an attractive investment for both established businesses and startups seeking a strategic location in Staten Island. The available space can be leased individually or combined to accommodate larger tenants. Don't miss this chance to establish your business in this dynamic area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,861,647
    6.5%
    $1,718,444
    7%
    $1,595,698
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,522,156
    Geo Method
    $2,522,156
  • Alternative Use

    Use
    Valuation
    Residential
    $1,449,572
    Hospitality
    $1,327,800
    Educational
    $1,104,714
    Medical
    $1,142,707
    Retail
    $1,718,444
438 Port Richmond Ave, Staten Island, New York

Location Insight

City
Staten Island
County
Richmond
State
New York
Latitude
40.6315
Longitude
-74.1389
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
$59,485
$241,650
$333,250
$574,900
-
$537,000
$711,000
$1,248,000

FAQs

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