Factory and industrial building · Mariners Harbor, Staten Island
Standard Varnish Works Factory Office Building
2589 Richmond Terrace, Staten Island, NY 10303
The Standard Varnish Works Factory Office Building (2589 Richmond Terrace) is a 1-floor factory and industrial building in Mariners Harbor, Staten Island, built in 1931, with about 70,000 square feet of industrial and storage space according to city records.
Also at 2589-2601 Richmond Terrace.
- Industrial and storage space
- 70K SF
- Floors
- 1
- Year built
- 1931
- Zoning
- M3-1
The 5th largest of the 9 industrial and storage buildings we track in Mariners Harbor. Compare it with 6 neighbors
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Compared with its neighbors
How the Standard Varnish Works Factory Office Building compares
Next to the 6 nearest large industrial and storage buildings, all within a 16 minute walk, the Standard Varnish Works Factory Office Building ranks 4th of 7 by industrial and storage floor area. It went up in 1931; the median neighbor dates from 1938. Its estimated property tax, about $1.50 a square foot of floor area before abatements, is below the neighbors' median of $2.36.
| Building | Industrial and storage space | Floors | Built | Tax / SF |
|---|---|---|---|---|
| Standard Varnish Works Factory Office Building, 2589 Richmond Terrace | 70K SF | 1 | 1931 | $1.50 |
| 2604 Richmond Terrace | 92K SF | 6 | 2020 | $5.78 |
| 125 Lake Avenue | 167K SF | 2 | 1945 | $2.16 |
| 175 Lake Avenue | 52K SF | 1 | 1945 | $3.37 |
| 3111 Richmond Terrace | 39K SF | 1 | 1931 | $1.94 |
| 3045 Richmond Terrace | 61K SF | 3 | 1931 | $1.67 |
| 3131 Richmond Terrace | 141K SF | 4 | 1931 | $2.56 |
Sources: NYC Department of City Planning, PLUTO 26v2 for size, floors and year built; NYC Department of Finance 2026/27 roll for tax (taxable value times the class rate, before abatements, over the whole floor area). Large means at least 35,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Building name
- Standard Varnish Works Factory Office Building
- Other address
- 2589-2601 Richmond Terrace
- ZIP code
- 10303
- Building type
- Factory and industrial building (city class F2)
- Total floor area
- 74,142 SF
- Commercial floor area
- 74,142 SF
- Office
- 4,200 SF
- Industrial and storage
- 69,942 SF
- Height
- 1 floor
- Year built
- 1931
- Lot area
- 179,180 SF
- Zoning district
- M3-1
- Built FAR
- 0.41
- Max commercial FAR
- 2
- Landmark status
- Individual landmark
- Tax lot (BBL)
- 5011070055
Nearest subway
- Tompkinsville
Other ways around Mariners Harbor
- Goethals Bridge to New Jersey
- Staten Island Expressway (I-278)
- Local and express buses (no subway or Staten Island Railway)
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-11; addresses from the Property Address Directory (PAD) 26b; building name from the NYC Landmarks Preservation Commission (below); subway stations from the MTA Subway Stations dataset, pulled 2026-10-11. Floor areas are the city's estimates for the whole building, not available space. Walking times are straight-line estimates. How we build these pages. Something wrong on this page? Tell us.
NYC Department of Finance records
Owner, property tax and assessed value
The Department of Finance lists DRURY ENTERPRISES INC as the owner of record. For tax year 2026/27 the city values the Standard Varnish Works Factory Office Building at $2.87 million and assesses it at $1.29 million. After phase-ins and exemptions its taxable value is $1.03 million; at the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists) that comes to about $111,379 a year before abatements, roughly $1.50 per square foot of floor area. Commercial leases here often pass a tenant's share of tax increases over a base year through as additional rent.
- Owner of record
- DRURY ENTERPRISES INC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $2,865,000
- Land market value
- $1,209,000
- Assessed value
- $1,289,250
- Taxable value (phased in)
- $1,026,720
- Estimated yearly tax
- About $111,379
- Tax per SF of floor area
- About $1.50
City market value by tax year
Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll; owner names as the roll records them, which cuts some long names short), pulled 2026-10-11; tax rate from the Department of Finance tax rates page, checked 2026-09-28. The estimate is the taxable value times the class rate. It leaves out abatements, payment-in-lieu-of-taxes agreements and charges, so the actual bill can differ.
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NYC Department of Buildings permits
Work permits and build-outs
The Department of Buildings issued no permits for new jobs at the Standard Varnish Works Factory Office Building in the 12 months to October 2026; the last one was first permitted in April 2023.
- New jobs, last 12 months
- 0
- Initial permits, last 12 months
- 0
- Newest job first permitted
- April 2023
- Interior build-outs, last 24 months
- 0
New jobs by year
Build-outs across Mariners HarborWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-11 (permits issued through 2026-10-09). A job counts once, when its first permit is issued; renewals are not new work. A build-out groups jobs on the same floors first permitted within 120 days of each other. Costs are the estimates filed with the jobs. Jobs filed before DOB NOW (in the older BIS system) are not counted. A permit is approval to do the work; it does not say who the work is for or whether it is finished.
Landmarks Preservation Commission records
Architecture and history
The Landmarks Preservation Commission designated the Standard Varnish Works Factory Office Building a New York City landmark on October 30, 2007.
- City landmark
- Standard Varnish Works Factory Office Building: individual landmark, designated October 30, 2007 (LP-02250)
Source: NYC Landmarks Preservation Commission, Individual Landmark Sites on NYC Open Data, pulled 2026-10-11. A designation can cover part of a lot, such as a facade or a lobby interior.
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Questions about Standard Varnish Works Factory Office Building
How big is the Standard Varnish Works Factory Office Building?
The Standard Varnish Works Factory Office Building has about 74,000 square feet of floor area in total, including 4,000 square feet of office and 70,000 square feet of industrial and storage space, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was the Standard Varnish Works Factory Office Building built?
City records list 1931 as the year built. The building is 1 floor tall.
Is the Standard Varnish Works Factory Office Building a New York City landmark?
Yes. The Landmarks Preservation Commission designated the Standard Varnish Works Factory Office Building an individual landmark on October 30, 2007 (LP-02250). Changes to a designated landmark, including many storefront, window and signage changes, need a permit from the Commission.
What is the address of the Standard Varnish Works Factory Office Building?
The Standard Varnish Works Factory Office Building is at 2589 Richmond Terrace in Mariners Harbor, Staten Island. City records list 2589-2601 Richmond Terrace on the same tax lot (BBL 5011070055). A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 2589 Richmond Terrace?
2589 Richmond Terrace is in ZIP code 10303, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The Standard Varnish Works Factory Office Building is at 2589 Richmond Terrace, Staten Island, NY 10303, in Mariners Harbor.
What is the zoning at the Standard Varnish Works Factory Office Building?
The lot is in the M3-1 zoning district. PLUTO lists a built floor area ratio (FAR) of 0.41 and a maximum commercial FAR of 2 for this lot.
What subway station is closest to the Standard Varnish Works Factory Office Building?
No subway within a short walk of the Standard Varnish Works Factory Office Building: the nearest station is more than 1,600 meters away (about 20 minutes on foot before allowing for the street route). The closest subway station to the Standard Varnish Works Factory Office Building is Tompkinsville (the Staten Island Railway), about 3.8 miles away in a straight line; the street route is longer. Other ways around Mariners Harbor: Goethals Bridge to New Jersey; Staten Island Expressway (I-278); Local and express buses (no subway or Staten Island Railway). These are neighborhood connections, not directions from the building.
Who owns the Standard Varnish Works Factory Office Building?
The NYC Department of Finance's 2026/27 assessment roll lists DRURY ENTERPRISES INC as the owner of record of the Standard Varnish Works Factory Office Building (BBL 5011070055). Deeds and mortgages for the lot are recorded by the Richmond County Clerk; Staten Island records are not in ACRIS, the city's system for the other four boroughs.
Is there construction at the Standard Varnish Works Factory Office Building?
The Department of Buildings issued no permits for new jobs at the Standard Varnish Works Factory Office Building in the 12 months to October 2026; the last one was first permitted in April 2023. These are the Department of Buildings' DOB NOW work permits for tax lot 5011070055. A permit is approval to do the work; it does not say who the work is for or whether it is finished.
What are the property taxes at the Standard Varnish Works Factory Office Building?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $1.03 million for the Standard Varnish Works Factory Office Building. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $111,379 a year, roughly $1.50 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 5011070055 show the actual bill.
What is the assessed value of the Standard Varnish Works Factory Office Building?
For tax year 2026/27, the NYC Department of Finance puts the market value of the Standard Varnish Works Factory Office Building at $2.87 million ($1.21 million of it land) and its assessed value at $1.29 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 34% from 2022/23 ($2.13 million) to 2026/27.
Is there industrial and storage space for lease at the Standard Varnish Works Factory Office Building?
No space at 2589 Richmond Terrace is listed on Leasemark right now. Owners and brokers can list space here for free, and tenants can post a requirement to be matched when space opens up.
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Mariners Harbor
Transit hubs in Mariners Harbor
- Goethals Bridge to New Jersey
- Staten Island Expressway (I-278)
- Local and express buses (no subway or Staten Island Railway)