Flexible Commercial
For Sale
$1,450,000
360 Broadway, Staten Island, NY 10310
Commercial, Staten Island, NY
Property Size3,200 SF
Lot Size0.14 Acres
Price / SF$453.13
Days on Market148
Property Features for 360 Broadway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R3A
Basement
Crawl Space
Subdivision
West Brighton
Standard status
Active
Size
3,200 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
16756
Building Details
Year built
1967
Number of units
1
Flooring type
Hardwood, Laminate
Building materials
Masonry
Roof type
Flat
Listing Agency:
Re/Max Real Estate Professiona
(718) 872-5522
Listed By:
Huizhen (Rose) Li
(718) 872-5522
Added: Apr 6
Changed: Aug 31
Last Checked: Aug 31 at 11:06AM
MLS# 500268
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 flexible commercial property includes a 3,200-square-foot building on a 0.1435-acre lot. The interior provides a 700 SF office with a bathroom and a 600 SF conference room that can support meetings or additional workspace. Approximately 22-foot ceilings provide substantial vertical clearance for equipment and storage. Masonry construction, hardwood and laminate flooring, and a flat roof are part of the existing improvements.
Front and rear yard parking accommodates large trucks and multiple vehicles. The property is located at 360 Broadway in Staten Island, NY, and carries R3A zoning. Built in 1967, the building offers a functional layout for flexible commercial operations, including the mechanical-shop use identified in the property information.
Front and rear yard parking accommodates large trucks and multiple vehicles. The property is located at 360 Broadway in Staten Island, NY, and carries R3A zoning. Built in 1967, the building offers a functional layout for flexible commercial operations, including the mechanical-shop use identified in the property information.
Key Highlights
- 3,200‑square‑foot building on a 0.1435‑acre lot
- 50x125 lot with a 50x88 building footprint
- 700 SF office with bathroom and 600 SF conference room
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
$67,859
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
4.68%
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%
$1,357,180
$1.4M
Cap Rate 7%
$969,414
$969.4K
Cap Rate 9%
$753,989
$754.0K
Market Conditions
NOI Build-Up for 3,200 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
$84.5K $26.40/SF
− Vacancy
−$4.6K −$1.45/SF
EGI
$79.8K $24.95/SF
− OpEx
−$12.0K −$3.74/SF
NOI
$67.9K $21.21/SF
Area
Staten Island, NY
Vacancy
5.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
15.00%
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%
$1,357,180
Cap Rate 7%
$969,414
Cap Rate 9%
$753,989
Alternative Uses
Best Use
Warehouse
$969.4K
$848.2K – $1.13M
NOI $67,859 @ 7.0% cap · market cap 4.68%
Second Best
Flex RnD
$787.3K
$688.9K – $918.5K
NOI $55,112 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $106,881 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
22 ft
Clear height
Location Intelligence
Trade Area within ½ mile
1,907
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10310, NY
26,667
Population
9,909
Households
2.7
Avg Household Size
37
Median Age
31%
College-Educated
88%
High-School Grad
1.8 sq mi
ZIP Area
14,815
Density / Sq Mi
$106,118
Median Household Income
$57,861
Median Earnings
$1,638
Median Rent
$623,300
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial building with office, conference, high-clearance space, and parking for trucks and multiple vehicles.
Where is this flex space located?
The property is located at 360 Broadway Staten Island, NY.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 3,200‑square‑foot building on a 0.1435‑acre lot; 50x125 lot with a 50x88 building footprint; 700 SF office with bathroom and 600 SF conference room
