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Executive Summary

224 Richmond Terrace is an income-producing mixed-use property in the St. George section of Staten Island — the North Shore neighborhood anchored by the Staten Island Ferry terminal and the borough's primary civic and transit hub. The asset combines approximately 40 residential apartments above three ground-floor
commercial spaces, together with additional interior area presently used for parking/garage and amenity/recreation purposes. The property is offered as-is, presenting a stabilized cash-flowing base today and a clearly defined value-add path for a buyer prepared to underwrite an in-envelope conversion. Detailed financials, the rent roll, and the seller-prepared concept package are released to qualified parties upon proof of funds and execution of a confidentiality agreement.

Property Facts

Price $39,210,217 CAD
Price Per Unit $980,255 CAD
Sale Type Investment
No. Units 40
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
  • Multifamily Dormitory
Apartment Style Hi-Rise
Building Class B
Lot Size 0.42 AC
Building Size 58,792 SF
Average Occupancy 100%
No. Stories 11
Year Built 2005
Opportunity Zone Yes
Zoning R6 - C2-2 overlay

Amenities

Unit Amenities

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Disposal
  • Washer/Dryer
  • Heating
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Tub/Shower
  • Freezer
  • Wheelchair Accessible (Rooms)

Site Amenities

  • 24 Hour Access
  • Clubhouse
  • Fitness Center
  • Roof Terrace
  • Elevator

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 16 - 783 - 800
2+2 24 - 965 - 1,150
Moderately walkable
60/100
Very drivable
80/100
Strong public transit
80/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
00013-0060
Land Assessment
$595,825 CAD
Improvements Assessment
$4,793,449 CAD
Total Assessment
$5,389,274 CAD
  • Listing ID: 41096873

  • Date on Market: 2026-06-29

  • Last Updated:

  • Address: 224 Richmond Ter, Staten Island, NY 10301

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