1143 Railroad AveRichmond, NY 10306

Property Details for 1143 Railroad Ave

Year built

1950

Lot size

0.04 AC

Property size (Sq ft)

1,332 SF

Zone code

R3-2

Property type

Retail space

APN

03592-0071

APU

35920071

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $323,722

  6.5%

  $298,821

  7%

  $277,476

• Comparable approach

  Method

  Valuation

  Relative Method

  $438,579

  Geo Method

  $438,579

• Alternative Use

  Use

  Valuation

  Residential

  $252,066

  Hospitality

  $230,892

  Educational

  $192,099

  Medical

  $198,706

  Retail

  $298,821

Location Insight

City

Staten Island

County

Richmond

State

New York

Latitude

40.5794

Longitude

-74.1098

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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