Staten Island, NY 10314,933-939 Richmond AVE
Staten Island, NY 10314,933-939 Richmond AVE
Staten Island, NY 10314,933-939 Richmond AVE
$5,700,000
Est. payment /mo
$6,800,000
16.2%
Est.Price: ?

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10,796 SqFt
SOLD DATE : 12/16/2024

Key Details

Sold Price $5,700,000

Property Type Commercial

Sub Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 10,796 sqft

Price per Sqft $527

MLS Listing ID 2402768

Sold Date 12/16/24

Originating Board Staten Island Multiple Listing Service

Year Built 1975

Annual Tax Amount $111,633

Lot Size 0.597 Acres

Acres 0.6

Lot Dimensions 130 x 200

Property Description

Presenting an exceptional investment opportunity at a prestigious Triple A location.

933-939 Richmond Ave is situated at the bustling intersection of Richmond Avenue and Forest Avenue. This prime commercial property is anchored by the popular IHOP restaurant, ensuring a steady flow of foot traffic and visibility. This property represents a rare opportunity to acquire a high-performing commercial asset in a premier location. With established leases and minimal landlord obligations, it promises both stability and profitability for investors.

Key Features: Anchor Tenant: IHOP, a renowned and reliable tenant, drawing consistent customer visits. Triple Net Leases (NNN): All current leases are triple net, providing the owner with minimal management responsibilities as tenants cover property taxes, insurance, and maintenance costs. High Visibility: Situated on a highly trafficked location, this asset benefits from maximum exposure to passing vehicles and pedestrians. Ample Parking: The property boasts a spacious parking lot with 36 parking spaces, accommodating customer and tenant needs comfortably. Strong Financials: Generates a solid Net Operating Income (NOI) exceeding $400,000 annually, reflecting its status as an investment.

Location

State NY

County Richmond

Area Graniteville

Zoning C2-1

Interior

Heating Natural Gas, Other

Exterior

Parking Features Assigned, Private

Building

Story 2

Sewer City

Level or Stories 2

Structure Type Frame,Block

New Construction No

Others

Tax ID 01477-0009

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Listed ByAmerican Homes Group
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Salmon Real Estate has been selling residential homes and commercial property on Staten Island since 1956, making us the oldest independent real estate firm on Staten Island.

 

Our invaluable experience and resources means your needs are our priority. Salmon’s hands-on, team approach means we treat your real estate transaction as if it were our own: personally, professionally, and with over a half-century of know-how. 


If you're interested in seeing more properties like this, or if you're considering your home - well, you came to the right place. Drop us a line and let's talk. 

+1(718) 273-1200

christine@salmonrealestate.com

1855 Victory Blvd, Island, NY, 10314, United States

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