1390 richmond terrace - Agorafy
VACANT 15,600 SQ. FT. INDUSTRIAL WAREHOUSE W/INCOME PRODUCING ROOFTOP WIRELESS COMMUNICATIONS
1390 RICHMOND TERRACE Staten I s l and , N Y 10310 Address:
1390 Richmond Terrace, Staten Island, NY 10310
Location: Block / Lot: Lot Dimensions: Lot SF:
On the southwest corner of Richmond Terrace and Elm Street in Staten Island 158 / 6 242.74’ x 107.83’ (approx.)(irr.) 21,445 (approx.)(irr.)
Building Diemnsions: Gross Square Footage*: Exisiting Stories
104’ x 50’ 15,600 3
Zoning: **Residential Commercial:
R3-2 / C2-2 0.5 1.0
Max. Total Buildable SF: Existing SF: Additional Air-Rights:
19.223 15,600 3,263
(approx.)(irr.)
R3A 0.5 (approx.)(irr.) (approx.)(irr.) (approx.)(irr.)
Tax Assesment (14/15): $218,293 RE Taxes (14/15): $23,322 * As Per Department of Finance **20% Increase for Attic Allowance - FAR=0.6
Property Description:
ELM STREET 242.74’
C2-2
E AC RR
R3A 107.12’
6
3’ 7.8 10
158
196’
R IC
ON HM
E DT
Cushman & Wakefield (formerly Massey Knakal) has been exclusively retained to arrange for the sale of 1390 Richmond Terrace, a three-story, 15,600 square foot industrial building on the southwest corner of Richmond Terrace and Elm Street in the Randall Manor section of Staten Island. The property is vacant with the exception of a wireless communications tenant that rents 400 sq. ft. of rooftop space as part of a lease worth as much as $641,980 over the next twenty years. Furthermore, its proximity to the shipping terminal of Port Richmond, major Staten Island thruways and 6 of the borough’s bus routes make it a highly accessible, cash-flowing opportunity for a user or an investor capable of leasing the rest of the space. The building is just two miles from the Staten Island Ferry and the St. George Waterfront Redevelopment Project which will transform the North Shore of Staten Island into a dynamic mixed-use destination with the construction of the tallest observation wheel in the Western Hemisphere and a 340,000 square foot high-end outlet retail complex and 190 unit hotel.
NORTH BURGHER AVENUE
ASKING PRICE: $1,500,000
For further information or inspection, please contact Exclusive Agents: Stephen P. Palmese Vice Chairman (718) 307-6552 [email protected]
Michael J. Mazzara Director of Sales (718) 606-7052 [email protected]
Thomas Freeland Associate Director (718) 606-7021 [email protected]
James Berluti Associate (718) 606-7053 [email protected]
Brian Powers Director (718) 606-7026 [email protected]
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
205 Montague Street • Third Floor • Brooklyn, NY 11201 • 718.238.8999 • Fax 718.238.6091 www.cushmanwakefield.com
1390 RICHMOND TERRACE Staten I s l and , N Y 10310 Address:
1390 Richmond Terrace, Staten Island, NY 10310
Location: Block / Lot: Lot Dimensions: Lot SF:
On the southwest corner of Richmond Terrace and Elm Street in Staten Island 158 / 6 242.74’ x 107.83’ (approx.)(irr.) 21,445 (approx.)(irr.)
Building Diemnsions: Gross Square Footage*: Exisiting Stories
104’ x 50’ 15,600 3
Zoning: **Residential Commercial:
R3-2 / C2-2 0.5 1.0
Max. Total Buildable SF: Existing SF: Additional Air-Rights:
19.223 15,600 3,263
(approx.)(irr.)
R3A 0.5 (approx.)(irr.) (approx.)(irr.) (approx.)(irr.)
Tax Assesment (14/15): $218,293 RE Taxes (14/15): $23,322 * As Per Department of Finance **20% Increase for Attic Allowance - FAR=0.6
Property Description:
ELM STREET 242.74’
C2-2
E AC RR
R3A 107.12’
6
3’ 7.8 10
158
196’
R IC
ON HM
E DT
Cushman & Wakefield (formerly Massey Knakal) has been exclusively retained to arrange for the sale of 1390 Richmond Terrace, a three-story, 15,600 square foot industrial building on the southwest corner of Richmond Terrace and Elm Street in the Randall Manor section of Staten Island. The property is vacant with the exception of a wireless communications tenant that rents 400 sq. ft. of rooftop space as part of a lease worth as much as $641,980 over the next twenty years. Furthermore, its proximity to the shipping terminal of Port Richmond, major Staten Island thruways and 6 of the borough’s bus routes make it a highly accessible, cash-flowing opportunity for a user or an investor capable of leasing the rest of the space. The building is just two miles from the Staten Island Ferry and the St. George Waterfront Redevelopment Project which will transform the North Shore of Staten Island into a dynamic mixed-use destination with the construction of the tallest observation wheel in the Western Hemisphere and a 340,000 square foot high-end outlet retail complex and 190 unit hotel.
NORTH BURGHER AVENUE
ASKING PRICE: $1,500,000
For further information or inspection, please contact Exclusive Agents: Stephen P. Palmese Vice Chairman (718) 307-6552 [email protected]
Michael J. Mazzara Director of Sales (718) 606-7052 [email protected]
Thomas Freeland Associate Director (718) 606-7021 [email protected]
James Berluti Associate (718) 606-7053 [email protected]
Brian Powers Director (718) 606-7026 [email protected]
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
205 Montague Street • Third Floor • Brooklyn, NY 11201 • 718.238.8999 • Fax 718.238.6091 www.cushmanwakefield.com
