Standalone Bank Building with
For Sale
$2,100,000
257 New Dorp Lane, Staten Island, NY 10306
Commercial, Staten Island, NY
Property Size5,600 SF
Lot Size0.14 Acres
Price / SF$375
Days on Market179
Property Features for 257 New Dorp Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R3-2
Basement
Finished
Subdivision
New Dorp
Standard status
Active
Size
5,600 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
32399
Building Details
Year built
1949
Floors in Building
2
Number of units
1
Flooring type
Tile, Marble
Building materials
Brick
Roof type
Flat
Listing Agency:
DiTommaso Real Estate
(718) 667-8000
Listed By:
Stephanie X. Zhang · License #30ZH0997890
(718) 987-7900
Added: Mar 20
Changed: Sep 13
Last Checked: Sep 14 at 9:06AM
MLS# 499846
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.
Investment Insights
Based on property information with market context.
This standalone former bank building occupies 257 New Dorp Lane in Staten Island’s New Dorp business corridor. The brick structure was built in 1949 and includes tile and marble flooring, a flat roof, a usable lower level, and approximately 16-foot ceilings. Rear drive-through infrastructure remains in place, while the rear area could be adapted for parking for approximately six to seven vehicles, subject to municipal approvals.
The property is positioned near the New Dorp SIR Station and serves a dense residential area with local foot traffic and daily commuters. The recorded zoning designation is R3-2. Buyers should complete independent due diligence concerning zoning, approvals, and gas service feasibility.
The property is positioned near the New Dorp SIR Station and serves a dense residential area with local foot traffic and daily commuters. The recorded zoning designation is R3-2. Buyers should complete independent due diligence concerning zoning, approvals, and gas service feasibility.
Key Highlights
- Standalone former bank building at 257 New Dorp Lane
- Approximately 16‑foot ceilings with a usable lower level
- Existing rear drive‑through infrastructure
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
$135,198
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
6.44%
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%
$2,703,960
$2.7M
Cap Rate 7%
$1,931,400
$1.9M
Cap Rate 9%
$1,502,200
$1.5M
Market Conditions
NOI Build-Up for 5,600 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
$194.9K $34.80/SF
− Vacancy
−$14.6K −$2.61/SF
EGI
$180.3K $32.19/SF
− OpEx
−$45.1K −$8.05/SF
NOI
$135.2K $24.14/SF
Area
ZIP 10306
Vacancy
7.50%
Lease Rate
$34.80 /SF/Yr
Expense Ratio
25.00%
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%
$2,703,960
Cap Rate 7%
$1,931,400
Cap Rate 9%
$1,502,200
Alternative Uses
Best Use
Specialty Retail
$1.93M
$1.69M – $2.25M
NOI $135,198 @ 7.0% cap · market cap 6.44%
Second Best
Retail
$1.72M
$1.51M – $2.01M
NOI $120,516 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$2.67M
$2.34M – $3.12M
NOI $187,041 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,906
Businesses Nearby
330k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Shops & Services 34%
Home Improvements & Furnishings 12%
Apparel 11%
HomeGoods
Home Improvements & Furnishings
39,034 visits/mo
0.5 miles
T.J. Maxx
Apparel
36,700 visits/mo
0.3 miles
Applebee's
Dining
31,835 visits/mo
0.4 miles
Five Below
Shops & Services
28,131 visits/mo
0.3 miles
Speedway
Shops & Services
22,996 visits/mo
0.2 miles
Demographics for 10306, NY
57,919
Population
21,299
Households
2.7
Avg Household Size
43
Median Age
34%
College-Educated
88%
High-School Grad
7.2 sq mi
ZIP Area
8,044
Density / Sq Mi
$97,746
Median Household Income
$54,052
Median Earnings
$1,743
Median Rent
$675,400
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Bank - Former bank property with a lower level, rear drive-through infrastructure, and prominent New Dorp Lane frontage.
Where is this bank located?
The property is located at 257 New Dorp Lane Staten Island, NY.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Standalone former bank building at 257 New Dorp Lane; Approximately 16‑foot ceilings with a usable lower level; Existing rear drive‑through infrastructure
