Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Staten Island Corner Storefront Lease Title is generated by Realmo AI

    1229 Castleton Avenue, Staten Island, NY 10310

    View on Map
    Claim this Listing
    For Lease
    $11,917/Mo $22 SF/Yr (calc)

    Commercial Lease - Staten Island, NY

    Property size:
    6,500 SF
    Added:
    Jan 31, 2023
    Days on Market:
    1221
    Last Refresh:
    Jun 5 at 7:06 pm

    Property Features for 1229 Castleton Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    Size
    6,500 SF

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Michael Dukhovny
    Michael Dukhovny

    Listing agent Michael Dukhovny

    Listing office UNITED NATIONAL REALTY GROUP INC 1682 VICTORY BLVD., STATEN ISLAND, NY

    Listing date Jan 31, 2023

    MLS# 11150761 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 6500 SF corner store front with high visibility.
    • Heavy vehicular and pedestrian traffic.
    • Private parking lot.
    • Full basement.
    • Loading dock.
    • Rare space in the Staten Island market.

    Overview

    This commercial space, located in Staten Island, New York, offers a great opportunity for various types of businesses. The property features a 6500 SF corner storefront with high visibility and benefits from heavy vehicular and pedestrian traffic. A private parking lot and a loading dock are included, along with a full basement. This is a rare space in the Staten Island market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Country Collection Furniture Furniture & Home Goods

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Mex City Party Center & Florist — 125 Port Richmond Ave, Staten Island, NY 10302

    Location Insight

    • Map
    • Local Demand
    City
    Staten Island
    County
    Richmond
    State
    New York
    Longitude
    -74.123308
    Latitude
    40.634299

    Nearby Similar for Lease

    • $4,200/Mo
      2,376 SF

      Staten Island Medical/Professional Office Space

      Medical/dental/professional office space for rent in Great Kills.
      107 Nelson Avenue, Staten Island, NY 10308
      View Details
    • $3,200/Mo
      551 SF

      Staten Island Second-Floor Office Space

      Well-located, cost-effective office space with parking and solar panels.
      1186 Hylan Boulevard, Staten Island, NY 10305
      View Details
    • $875/Mo
      1,376 SF

      Dongan Hills Office Space Available

      Office space in prime Dongan Hills location, near Verrazzano Bridge.
      290 Garretson Avenue, Staten Island, NY 10305
      View Details
    • $2,600/Mo
      1,100 SF

      Staten Island Office Space Available

      Well-maintained 1100 sq ft office space for rent.
      2015 Forest Avenue, Staten Island, NY 10303
      View Details
    • $2,100/Mo
      600 SF

      Staten Island Office Space Available

      600 sq ft office space for rent in Staten Island.
      2015 Forest Avenue, Staten Island, NY 10303
      View Details
    • $1,500/Mo
      1,200 SF

      Medical Office on Hylan Boulevard

      Turnkey medical office space for rent in Staten Island.
      186 Hylan Boulevard, Staten Island, NY 10305
      View Details
    • $1,400/Mo
      450 SF

      Staten Island Office For Rent

      Cozy office space available for rent in Staten Island.
      3974 Amboy Road, Staten Island, NY 10308
      View Details
    • $12,000/Mo
      7,500 SF

      Staten Island Commercial Building For Rent

      Equipped cabinet maker shop with showroom and offices available for rent.
      1944-1952 Richmond Terrace, Staten Island, NY 10302
      View Details
    • $6,500/Mo
      5,625 SF

      High-Visibility Commercial Space Available

      Second-floor commercial space with harbor views and accessibility features.
      526 Richmond Terrace, Staten Island, NY 10301
      View Details
    • $3,500/Mo

      Staten Island Office Space Available

      Professional office space with high visibility and ample parking.
      2131 Richmond Road, Staten Island, NY 10306
      View Details
    • $10,000/Mo

      Staten Island Warehouse/Factory Space

      Warehouse/factory space available for lease in Staten Island, NY.
      116 Faber St, Staten Island, NY 10302
      View Details
    • $3,200/Mo

      Staten Island Storefront in Plaza

      First floor storefront in busy plaza, next to Dunkin Donuts.
      895 Huguenot Ave, Staten Island, NY 10312
      View Details

    FAQs

    What type of property is this?
    Storefront property - 6500 SF storefront with high visibility and private parking.
    Where is this storefront property located?
    The property is located at 1229 Castleton Avenue Staten Island, NY.
    What is the lease rate?
    The lease rate is $11,917 /Mo.
    What are key features of this property?
    This property features: 6500 SF corner store front with high visibility.; Heavy vehicular and pedestrian traffic.; Private parking lot.
    (718) 979-8000
    We can help!
    Listing Contact
    Michael Dukhovny
    Michael Dukhovny
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1229 Castleton Avenue, Staten Island, NY 10310
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!