1780 Richmond Terrace

NET LEASED TO NEW YORK CITY — SCA Department | SINGLE-TENANT COMMERCIAL SCHOOL FACILITY

1780 Richmond Terrace, Staten Island, NY

Commercial Asset Fully Leased to the NYC School Construction Authority
PreReal Real Estate is pleased to present a rare investment opportunity to
acquire a fully built-out, single-tenant commercial school facility, 100%
leased to the New York City School Construction Authority (SCA).
This turnkey asset provides institutional-grade tenancy and long-term
stability, ideally suited for investors seeking predictable income with a
credit-backed tenant.

Situated on approximately 23,451 SF of land, the property includes two
interconnected single-story buildings totaling 13,648 SF. In 2020, the
property underwent an extensive $14 million renovation to meet the
exacting standards of the NYC SCA. Improvements included the addition
of multiple classrooms, a gymnasium, outdoor playground, nurse’s station,
and other key infrastructure to support its Pre-K early childhood education
programming.

Highlights include:
Single-tenant net lease to NYC School Construction Authority
$14 million renovation completed in 2020
13,648 SF facility on 23,451 SF of land
Fully improved with classrooms, gymnasium, nurse’s station, and outdoor play area
Strategic Staten Island location with access to major thoroughfares

Long-term lease delivering strong and stable cash flow.

This is a rare opportunity to acquire a fully stabilized, net-leased educational asset backed by the City of New York.