3087 Richmond TerStaten Island, NY 10303

Property Details for 3087 Richmond Ter

Year built

1931

Lot size

0.17 AC

Property size (Sq ft)

18,528 SF

Zone code

M3-1

Property type

Office buildings

APN

01208-0006

APU

12080006

Description

This exceptional four-story, 18,587 square foot industrial office building, located at 3087 Richmond Avenue in Staten Island, NY 10303, presents a compelling value-add investment opportunity. Currently vacant, the property offers significant potential for redevelopment or lease. Situated on a 7,411 square foot lot, the building is zoned M3-1, allowing for a variety of commercial and industrial uses. The asking price is $2,500,000, translating to $134.50 per square foot. Its prime location in a designated Opportunity Zone within Northern Staten Island provides access to potential tax incentives and economic benefits. Enjoy picturesque waterfront views and exceptional connectivity, with less than five minutes' proximity to the Staten Island Expressway and New Jersey bridges, ensuring easy access to major transportation arteries and neighboring regions. This property offers a rare chance to capitalize on a strategically positioned asset with substantial growth potential. The building's robust construction and spacious interiors provide versatility for various commercial or industrial endeavors, making it ideal for a headquarters, warehouse space, or other commercial uses.

• CAP approach

  CAP return

  Valuation

  6%

  $3,063,232

  6.5%

  $2,827,598

  7%

  $2,625,627

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,420,868

  Geo Method

  $2,420,868

• Alternative Use

  Use

  Valuation

  Residential

  $3,506,222

  Hospitality

  $3,211,681

  Educational

  $2,672,081

  Medical

  $2,763,978

  Retail

  $4,156,570

Location Insight

City

Staten Island

County

Richmond

State

New York

Latitude

40.6384

Longitude

-74.1623

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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