438 Port Richmond AveStaten Island, NY 10302

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 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.

• 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

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

FAQs

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