1650 Richmond AveStaten Island, NY 10314

Property Details for 1650 Richmond Ave

Year built

1960

Lot size

1.49 AC

Property size (Sq ft)

45,899 SF

Zone code

R3X

Property type

Super regional malls

APN

02236-0125

APU

22360125

Description

This exceptional investment opportunity presents a 45,675 square foot neighborhood shopping center located at 1650 Richmond Avenue, Staten Island, NY 10314. Situated at the bustling intersection of Richmond Avenue and Victory Boulevard, this established center benefits from exceptional visibility and high traffic counts, averaging 20,160 vehicles daily on Victory Boulevard. Built in 1965, the property offers ample parking with a ratio of 3.68 spaces per 1,000 square feet. The center boasts a diverse and successful tenant mix, including national brands such as Subway, State Farm, Edible Arrangements, Dunkin' Donuts, Tropical Smoothie Café, and McDonald's. Its strategic location near the City University of New York (CSI), schools, churches, and other amenities, including Trader Joe's, ensures consistent foot traffic and strong consumer demand. The property is located in Richmond County and benefits from excellent demographics within the surrounding community. This well-established center presents a compelling investment opportunity in a thriving Staten Island market. The property is currently not home to any internet cafes.

• CAP approach

  CAP return

  Valuation

  6%

  $11,155,059

  6.5%

  $10,296,978

  7%

  $9,561,479

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,112,852

  Geo Method

  $15,112,852

• Alternative Use

  Use

  Valuation

  Residential

  $8,685,886

  Hospitality

  $7,956,225

  Educational

  $6,619,486

  Medical

  $6,847,140

  Retail

  $10,296,978

Location Insight

City

Staten Island

County

Richmond

State

New York

Latitude

40.608

Longitude

-74.1636

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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