| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Fair |
| Demographics | 34th | Poor |
| Amenities | 60th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1440 Richmond Ter, Staten Island, NY, 10310, US |
| Region / Metro | Staten Island |
| Year of Construction | 2011 |
| Units | 80 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1440 Richmond Ter Staten Island Multifamily Investment
Newer construction in an older urban-core pocket positions this asset for competitive tenant appeal and steady leasing, according to WDSuite's CRE market data. Elevated ownership costs nearby help sustain rental demand without relying on aggressive assumptions.
Located in Staten Island's Urban Core, the property benefits from neighborhood fundamentals that support multifamily demand while leaving room for disciplined value creation. The sub-area skews older in building stock (average vintage mid-20th century), making the 2011 construction comparatively new and competitively positioned versus much of the surrounding inventory.
Amenity access is mixed but serviceable for renters: restaurants and parks register in the top quartile nationally, with pharmacies also strong, while cafes and childcare options are comparatively limited. Grocery availability trends above the national mid-point, offering day-to-day convenience. These dynamics suggest reasonable quality-of-life drivers with some gaps that owners can offset through on-site amenities or partnerships.
Neighborhood occupancy trends sit modestly above national norms and have improved over the past five years, supporting income stability through cycles based on commercial real estate analysis from WDSuite. In the 3-mile radius, approximately half of housing units are renter-occupied, indicating a deep tenant base and durable leasing demand for workforce- and value-oriented product. The area's median home values are elevated versus national benchmarks, which typically reinforces renter reliance on multifamily housing and can aid retention.
Demographic indicators (aggregated within a 3-mile radius) show recent population and household growth with continued expansion projected, pointing to a larger tenant base over the medium term. Rising household incomes and forecast rent growth further support potential pricing power, though operators should calibrate lease management to localized affordability pressure to maintain occupancy.
Safety metrics for the immediate neighborhood trail national averages, placing the area among the higher-crime cohort within the New York–Jersey City–White Plains metro (measured against 889 neighborhoods). That said, recent trend data show year-over-year improvement, with notable declines in both violent and property offense rates, indicating directional progress rather than a structural shift.
Investors should underwrite with prudent assumptions around security and operational protocols such as lighting, access control, and community engagement, while recognizing that the latest readings reflect double-digit reductions in reported offense rates over the past year. Monitoring ongoing trend data at the neighborhood level remains advisable.
Proximity to regional employers supports commuter convenience and broad renter demand, led by food distribution, consumer goods, staffing services, and large financial headquarters within a reasonable radius.
- Performance Food Group — food distribution (3.5 miles)
- Dr Pepper Snapple Group — consumer beverages (5.8 miles)
- Robert Half International — staffing & consulting (7.0 miles)
- S&P Global — financial information services (7.1 miles) — HQ
- Guardian Life Ins. Co. of America — insurance (7.1 miles) — HQ
Built in 2011 with 80 units, the asset presents a relatively new option in a neighborhood dominated by older stock, which can enhance leasing competitiveness while limiting near-term structural capex. Neighborhood occupancy has trended solidly with improvement in recent years, and elevated ownership costs locally tend to support renter demand and lease retention.
Smaller average unit sizes can widen the renter pool at attainable effective rents, aligning with a 3-mile area that shows population and household growth and rising incomes. According to CRE market data from WDSuite, amenity access is strongest in parks, restaurants, and pharmacies, while limited cafes/childcare and below-average safety readings suggest underwriting for enhanced operations and resident services.
- 2011 vintage relative to older surroundings supports competitive positioning with manageable modernization planning
- Solid neighborhood occupancy and growing 3-mile renter pool support income stability
- Elevated local home values reinforce rental demand and can aid retention
- Strong parks/restaurant/pharmacy access offsets thinner cafe/childcare options
- Risks: below-average safety metrics and the need for ongoing operating focus on security and affordability management