www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
28840027
28840028

1388 Richmond Ter, STATEN ISLAND, NY 10310

RN
10401253010
PreReal Prendamano Real Estate
Listed by PreReal Prendamano Real Estate
$2,595,000
179 days on market
Updated 30 days ago

1388 Richmond Terrace

Details
Property Type Industrial, Mixed Use (+1)
Sub Type Auto Shop, Manufacturing
Square Footage 15,712
Units 4
NOI $151,977
Occupancy 100%
Tenancy Multi
Lease Type NN
Pro-Forma Cap Rate 10.3%
Pro-Forma NOI $267,310
Price per SqFt $165
Class B
Year Built 1920
Buildings 4
Lot Size (SqFt) 26,725
Zoning C2-2
Sale Condition For sale by owner

Value-Add | Multi-Tenant | Below-Market Rents

Marketing description

Introducing a rare North Shore commercial opportunity offering massive rental upside, diverse tenancy, and a flexible configuration suitable for both investors and owner-users.

The property totals approximately 16,000 SF across four buildings, all currently occupied, with rents sitting significantly below market. Investors can enjoy stable in-place cash flow with substantial room for future rent growth, while owner-users can capitalize on the ability to occupy all or a portion of the site while benefiting from existing income.

Property Overview

The site is configured as four distinct commercial spaces:

5,000 SF Retail/Community Facility on Richmond Terrace

High ceilings, excellent visibility, and prominent frontage. Currently home to a Community Center.

6,880 SF Music/Guitar Center

A long-standing tenant with a deep history at the property.

Two Separate Flex/Industrial Buildings Adjacent to the Parking Lot

Both occupied by an established autobody operator with strong demand for this use in the area.

Current rents across all units are well below market, creating immediate value-add potential for repositioning, restructuring leases, or bringing rents to market upon turnover.

Location Summary

The property sits on Staten Island’s rapidly developing North Shore, a corridor known for:

Steady industrial and commercial demand

Proximity to the Bayonne Bridge and Goethals Bridge

Quick connectivity to the Verrazzano-Narrows Bridge and Brooklyn

Access to major transportation routes, container terminals, and distribution hubs

This location continues to outperform due to limited supply, long-standing user demand, and the ongoing revitalization across the North Shore waterfront.

Listing Contacts

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

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$151,977.00
$12,664.75/mo

Valuation Metrics

0
DSCR
5.86%
Cap Rate
5.86%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591