Mixed-Use Building with On-Site
New
For Sale
$2,388,000
360 Targee Street, Staten Island, NY 10304
COMMERCIAL - Staten Island, NY
Property Size4,500 SF
Lot Size0.26 Acres
Price / SF$502.74
Days on Market2
Property Features for 360 Targee Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R3A
Parking features
Garage - Detached
Subdivision
Concord
Standard status
Active
Size
4,750 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Annual Amount
25977
Building Details
Floors in Building
1
Flooring type
Tile
Building materials
Block
Roof type
Flat, Rubber
Listing Agency:
RE/MAX Elite
(718) 690-3900
Listed By:
Joseph Madaio, CRS, GRI · License #6.28E+13
(718) 690-3900
Added: Aug 6
Changed: Aug 7
Last Checked: Aug 7 at 12:06PM
MLS# 503586
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 mixed-use commercial building is constructed with block walls and finished with tile flooring. The property is currently occupied by a pizzeria, a separate restaurant, and an office, creating a combination of food-service and office uses within the building. It may also be delivered vacant at closing for an owner-user or redevelopment plan.
The property includes a 7,000 SF parking lot with a detached garage and encompasses 0.2598 acres. R3A zoning is in place. A flat rubber roof and on-site parking further define the physical improvements. The Staten Island property is located at 360 Targee Street, in ZIP Code 10304.
The property includes a 7,000 SF parking lot with a detached garage and encompasses 0.2598 acres. R3A zoning is in place. A flat rubber roof and on-site parking further define the physical improvements. The Staten Island property is located at 360 Targee Street, in ZIP Code 10304.
Key Highlights
- 7,000 SF parking lot with detached garage
- Currently occupied by a pizzeria, restaurant, and office
- 0.2598‑acre Staten Island property
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
$133,827
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
5.60%
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%
$2,676,540
$2.7M
Cap Rate 7%
$1,911,814
$1.9M
Cap Rate 9%
$1,486,967
$1.5M
Market Conditions
NOI Build-Up for 4,750 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
$220.0K $46.32/SF
− Vacancy
−$41.6K −$8.75/SF
EGI
$178.4K $37.57/SF
− OpEx
−$44.6K −$9.39/SF
NOI
$133.8K $28.17/SF
Area
ZIP 10304
Vacancy
18.90%
Lease Rate
$46.32 /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%
$2,676,540
Cap Rate 7%
$1,911,814
Cap Rate 9%
$1,486,967
Alternative Uses
Best Use
Office B
$1.91M
$1.67M – $2.23M
NOI $133,827 @ 7.0% cap · market cap 5.60%
Second Best
Specialty Retail
$1.47M
$1.29M – $1.71M
NOI $102,814 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$2.27M
$1.98M – $2.64M
NOI $158,651 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,139
Businesses Nearby
Explore this area
Business Placement
Demographics for 10304, NY
46,944
Population
17,524
Households
2.7
Avg Household Size
38
Median Age
31%
College-Educated
84%
High-School Grad
3.5 sq mi
ZIP Area
13,413
Density / Sq Mi
$71,506
Median Household Income
$41,752
Median Earnings
$1,516
Median Rent
$659,900
Median Home Value
Market
Vacancy Rate% for Office 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?
Mixed-use property - Block construction with tile flooring, a detached garage, and R3A zoning support varied commercial configurations.
Where is this mixed-use property located?
The property is located at 360 Targee Street Staten Island, NY.
What is the asking price?
The asking price for this property is $2,388,000.
What are key features of this property?
This property features: 7,000 SF parking lot with detached garage; Currently occupied by a pizzeria, restaurant, and office; 0.2598‑acre Staten Island property
