Two-Unit Neighborhood Shopping
For Sale
$619,000
2110 E Clove Road, Staten Island, NY 10305
Commercial Sale, Staten Isand, NY
Property Size2,600 SF
Lot Size0.05 Acres
Price / SF$238.08
Days on Market93
Property Features for 2110 E Clove Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 2, Bathroom 1
Parking features
Driveway
Subdivision
Concord
High school district
31
Directions
see map
Standard status
Active
Size
2,600 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
15747
Utilities
Heating system
Natural Gas, Hot Water(Heating)
Water source
Public
Amenities
free parking
own entrance
half bath
full bath
own heat electric gas and ac
Building Details
Year built
1992
Floors in Building
1
Flooring type
Vinyl
Building materials
Brick
Roof type
Asphalt
Listing Agency:
ETMAN JUDY Z
(516) 506-7163
Listed By:
Judy Etman
(718) 344-9968
Added: Jun 13
Changed: Sep 12
Last Checked: Sep 13 at 10:06AM
MLS# 11847154
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.
Investment Insights
Based on property information with market context.
This 2,600-square-foot brick shopping center contains two commercial units with separate entrances. One suite is configured for retail, while the second can support retail or office use. The property includes one half bath in the retail unit and a full bathroom with shower in the rear unit. Vinyl flooring, an asphalt roof, and a 1992 construction date are also noted. Each unit has its own heat, electric, gas, and air-conditioning systems.
Located on E Clove Road, the property provides driveway parking for customers and occupants. A bus stop is situated at the corner, and subway service is two blocks away. Public water serves the property, and the parcel encompasses 0.0459 acres.
Located on E Clove Road, the property provides driveway parking for customers and occupants. A bus stop is situated at the corner, and subway service is two blocks away. Public water serves the property, and the parcel encompasses 0.0459 acres.
Key Highlights
- Two commercial units totaling 2,600 square feet
- 0.0459‑acre parcel on E Clove Road
- Separate entrances for both units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$49,959
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$999,180
$999.2K
Cap Rate 7%
$713,700
$713.7K
Cap Rate 9%
$555,100
$555.1K
Market Conditions
NOI Build-Up for 2,600 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$78.0K $30.00/SF
− Vacancy
−$6.6K −$2.55/SF
EGI
$71.4K $27.45/SF
− OpEx
−$21.4K −$8.24/SF
NOI
$50.0K $19.22/SF
Area
ZIP 10305
Vacancy
8.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$999,180
Cap Rate 7%
$713,700
Cap Rate 9%
$555,100
Alternative Uses
Best Use
Retail
$713.7K
$624.5K – $832.7K
NOI $49,959 @ 7.0% cap · market cap 8.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $86,841 @ 7.0% cap · market cap 14.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,193
Businesses Nearby
70k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 49%
Shops & Services 31%
Dining 20%
Met Food
Groceries
18,473 visits/mo
0.4 miles
BP
Shops & Services
13,349 visits/mo
0.5 miles
Shop 'n Save
Groceries
8,564 visits/mo
0.4 miles
Dunkin' Donuts
Dining
8,254 visits/mo
0.5 miles
BP
Shops & Services
8,137 visits/mo
0.5 miles
Demographics for 10305, NY
44,008
Population
16,850
Households
2.6
Avg Household Size
41
Median Age
32%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
11,002
Density / Sq Mi
$86,294
Median Household Income
$52,183
Median Earnings
$1,656
Median Rent
$627,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Shopping center - Brick commercial property with separate entrances, customer parking, and flexible retail or office use.
Where is this shopping center located?
The property is located at 2110 E Clove Road Staten Island, NY.
What is the asking price?
The asking price for this property is $619,000.
What are key features of this property?
This property features: Two commercial units totaling 2,600 square feet; 0.0459‑acre parcel on E Clove Road; Separate entrances for both units
