Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    124 Ocean Ave Staten Island, NY 10305

    Sponsored
    For Sale
    Contact for pricing

    Commercial - Staten Island, NY

    Property size:
    2,520 SF
    Lot size:
    0.14 Acres
    Days on Market:
    58
    Last Refresh:
    Jan 27 at 7:06 pm

    Property Features for 124 Ocean Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C1
    Parking
    6
    Size
    2,520 SF
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Natural Gas

    Building Details

    Flooring type
    Hardwood
    Roof type
    Flat
    Architectural style
    Other

    We can help!

    Listing Contact
    Mohammad A. Chohan

    Womcore LLC dba Remax Edge (718) 612-3088

    Listing agent Mohammad A. Chohan (718) 612-3088

    Listing date Dec 1, 2025

    MLS# 497619 Listing URL

    Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Turn-Key Restaurant in South Beach

    This is an opportunity to own a fully operational, turn-key restaurant, estimated at 3000 square feet, located in the South Beach area of Staten Island. The restaurant is ready for immediate takeover, making it suitable for an experienced operator. It features a complete commercial kitchen with a hood, ansul system, refrigeration, and prep area. The dining area is well-maintained with modern finishes and a seating layout for 141 persons. A take-out setup is already in place. The property includes a private parking lot and high-visibility frontage. The property size is 2520 square feet and the lot size is 0.14325068870523416 acres. The zoning is C1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ATM Atm

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Staten Island
    County
    Richmond
    State
    New York
    Longitude
    -74.063174
    Latitude
    40.595365

    Nearby Similar for Sale

    • New
      $2,050,000
      Pending

      Staten Island Two-Family Colonial

      Custom-built two-family colonial in Tottenville with resort-style yard.
      72 Giegerich Ave, Staten Island, NY 10307
      View Details
    • New
      $1,975,000
      4,932 SF

      Staten Island Six-Family Investment

      Well-maintained six-family property in prime Staten Island location.
      58-62 University Pl, Staten Island, NY 10301
      View Details
    • $998,000
      Pending

      Immaculate Two-Family Home

      Meticulously maintained two-family home in Great Kills, Staten Island.
      147 Howton Ave, Staten Island, NY 10308
      View Details
    • $1,150,000
      2,012 SF

      Staten Island Multifamily Corner Property

      Well-maintained duplex with income potential near parks and transportation.
      11 Lyman Ave, Staten Island, NY 10305
      View Details
    • $1,749,999
      3,000 SF

      Spacious Huguenot Colonial with Pool

      A luxurious 5-bedroom home with a resort-style yard and pool.
      239 Vernon Ave, Staten Island, NY 10309
      View Details
    • $1,149,000
      Pending

      Renovated Staten Island Two-Family Home

      Completely renovated two-family home with high-end finishes and spacious layout.
      839 Sinclair Ave, Staten Island, NY 10309
      View Details
    • $2,050,000
      Pending

      Staten Island Villa with Apartment

      Custom-built 5-bedroom villa with a separate 1-bedroom apartment.
      90 Giegerich Ave, Staten Island, NY 10307
      View Details
    • $998,800
      2,808 SF

      Renovated Two-Family Eltingville Residence

      Fully renovated two-family home with resort-style backyard and pool.
      81 Glover St, Staten Island, NY 10308
      View Details
    • $1,348,000
      Pending

      Staten Island Two-Family Home

      Move-in ready two-family home with pool and parking.
      41 Brookside Loop, Staten Island, NY 10309
      View Details
    • $1,149,000
      Pending

      Renovated Two-Family Home

      Newly renovated two-family home in Staten Island.
      963 Sinclair Ave, Staten Island, NY 10309
      View Details
    • $799,000
      2,639 SF

      Staten Island Victorian Two-Family Home

      Meticulously maintained, detached Victorian home near St. George Ferry.
      98 Hamilton Ave, Staten Island, NY 10301
      View Details
    • $2,699,000
      6,500 SF

      Custom-Built Home with Rental Income

      Luxury home on a large lot with a rental apartment.
      6233 Amboy Rd, Staten Island, NY 10309
      View Details

    FAQs

    What type of property is this?
    Restaurant - Fully operational restaurant for sale in Staten Island.
    Where is this restaurant located?
    The property is located at 124 Ocean Ave Staten Island, NY.
    What is the asking price?
    The asking price for this property is $11,000.
    What are key features of this property?
    This property features: - Fully operational, turn-key restaurant ready for immediate takeover.; - Located in the high-traffic South Beach area of Staten Island.; - Spacious 3000 sq ft dining area with seating for 141 people.
    (718) 612-3088
    Request Owner's contact information
    124 Ocean Ave Staten Island, NY 10305
    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.
    124 Ocean Ave
    Staten Island, NY 10305
    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
    124 Ocean Ave Staten Island, NY 10305
    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

    We can help!
    Listing Contact
    Mohammad A. Chohan
    (718) 612-3088
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.