2419 Richmond RdStaten Island, NY 10306
- Mixed-use properties
- 1,800 SF
Property Details for 2419 Richmond Rd
- Year built
- 1930
- Lot size
- 0.08 AC
- Property size (Sq ft)
- 1,800 SF
- Zone code
- R3-2
- Property type
- Mixed-use properties
- Property subtype
- Other investment properties
- APN
- 00942-0010
- APU
- 9420010
Description
This exceptional multifamily property, located at 2419 Richmond Road, Staten Island, NY 10306, presents a lucrative investment opportunity. The 2-story building, constructed in 1930 and extensively renovated in 2023, boasts a total of 2,875 square feet situated on a 3,300 square foot lot (APN: 00942-0010). The property features three distinct units: a 3-bedroom apartment on the first floor, a 3-bedroom townhouse on the second floor with a finished basement and private backyard access, and a professional office space. All units are currently rented, generating substantial monthly income: Unit #1 at $2,400, Unit #2 at $2,600, and the office space at $1,000 (market rent $1,800-$2,500). Recent renovations include a new roof, stucco, gutters, flooring, concrete work, and LG Mini Split System air conditioning in all units. Additional features include a spacious attic with high ceilings and windows, a two-level backyard, high ceilings in the residential units, abundant natural light, and convenient proximity to shopping centers and the Verrazano Bridge. The property is zoned R3-2 and offered at $979,000 ($346.09/sq ft). This fee simple ownership presents a rare opportunity for investors seeking a well-maintained, high-yield property in a desirable location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $297,594
- 6.5%
- $274,702
- 7%
- $255,080
-
Comparable approach
- Method
- Valuation
- Relative Method
- $235,188
- Geo Method
- $235,188
-
Alternative Use
- Use
- Valuation
- Residential
- $340,630
- Hospitality
- $312,016
- Educational
- $259,593
- Medical
- $268,521
- Retail
- $403,812
Location Insight
- City
- Staten Island
- County
- Richmond
- State
- New York
- Latitude
- 40.5765
- Longitude
- -74.1192
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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