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27947864
27947865

1572-1584 Richmond Rd, Staten Island, NY 10304

RN
10401253010
PreReal Prendamano Real Estate
Listed by PreReal Prendamano Real Estate
$2,999,999
586 days on market
Updated 11 days ago

1572-1584 Richmond Road

Details
Property Type Retail
Sub Type Shopping Center, Storefront
Square Footage 7,888
Net Rentable (SqFt) 7,888
Units 7
NOI $129,575
Occupancy 100%
Tenancy Single
Lease Type NNN
Pro-Forma Cap Rate 9.17%
Pro-Forma NOI $275,128
Class B
Year Built 1966
Year Renovated 2015
Buildings 1
Stories 1
Lot Size (SqFt) 12,800
Zoning C2-1
Investment Type Value Add

Premier Value Add Strip Center

Marketing description

PreReal Real Estate is pleased to present 1572–1584 Richmond Road, a premier corner commercial investment property positioned at the intersection of Richmond Road and Seaview Avenue—one of Staten Island’s most visible and active corridors.

The property consists of seven retail spaces, including six fully occupied storefronts and an additional rear building ready for immediate occupancy. Notably, ownership has just secured a new long-term NNN lease, reinforcing the property’s income stability and underscoring the strong tenant demand for this location. This recent signing demonstrates the property’s leasing strength and highlights the potential for future tenants to benefit from similar NNN lease structures—providing predictable income and minimal landlord responsibility.

With under-market rents across existing spaces and full-height basements not yet being utilized, there is substantial room for repositioning and value creation. Investors have the opportunity to unlock upside through strategic rent adjustments, improved space utilization, or targeted capital enhancements.

Located at the signalized corner of Richmond Road, Seaview Avenue, and Four Corners Road, the property benefits from heavy vehicular and pedestrian traffic. It sits directly in front of multiple bus stops and is just a short distance from the Staten Island Railway, ensuring strong accessibility and visibility.

The surrounding trade area features a mix of national and established local operators, including Santander Bank, M&T Bank, Max’s Esca, and Baci Restaurant, further cementing this location as a high-performing retail destination within the Staten Island market.

For more information or to request the full offering memorandum (OM), please contact us directly.

Listing Contacts

RN
10401253010
PreReal Prendamano Real Estate
Listed by PreReal Prendamano Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$129,575.00
$10,797.92/mo

Valuation Metrics

0
DSCR
4.32%
Cap Rate
4.32%
ROI

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