2419 Richmond RdStaten Island, NY 10306

  • Mixed-use properties
  • 1,800 SF
For Sale
$979,000 View listing

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
2419 Richmond Rd, Staten Island, New York

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$5,712
$6,995
$21,445
$28,440
-
$182,000
$558,000
$740,000

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