2419 Richmond RdStaten Island, NY 10306

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

Investment properties

Property subtype

Live-work space

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.

• 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

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