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    450 St Marks Pl Staten Island, NY 10301

    Sponsored
    For Sale
    $5,183,000

    Net-Leased School - Covered Land Opportunity

    Property size:
    8,928 SF

    Description

    Added:
    May 7, 2025
    Days on Market:
    246
    The subject offering is an 8,928-square-foot single-story commercial building fully net-leased to the St. George School (NYC Construction Authority). The site, located on St. Marks Place on the North Shore of Staten Island, rests on an 18,100 square foot lot zoned C4-2/R6. It has a FAR of 2.43 as of right for residential (43,983 buildable square feet) and a FAR of 3.4 as of right for commercial (61,540 buildable square feet).

    The lease runs through June 30, 2033, with no options to renew. This is a full corporate guarantee from New York City, with a 10 percent increase coming in July 2027. The St. George School has been operating out of this location since 1990. This site functions as a referral school, helping high school-aged
    students obtain their GED certificates.

    The landlord is responsible for paying the base-year taxes, as well as the insurance and repairs to the roof and structure. The tenant is responsible for paying all maintenance costs directly, as well as being responsible for all repairs/replacement to the parking lot, all utilities, and paying taxes above their base year 2012/2013.

    The lot has 176 feet of frontage along St Marks Place. There is a full parking lot, with parking for 18 cars. The building has entrances on both St Marks Place and Montgomery Avenue, and it is located in an Opportunity Zone. The site is 0.5 miles (10-minute walk) from the Staten Island Ferry, and it is
    surrounded by new development.

    Property Features for 450 St Marks Pl

    General Information

    Property type
    Other specialty properties
    Square Feet
    8,928 SF
    Price / Square Foot
    $580
    Elevators
    N/A
    Net Rentable
    8,928 SF
    Lot Size
    18,100 SF

    HighLights

    • 8,928 SF Single‑Tenant Property Leased to the NYC Department of Education on a Modified Gross Lease That runs Through 2033 with 3% Annual Increases. 18,100 SF Lot Zoned C4‑2/R6 With a Total Buildable Square Footage of 61,540 SF. Covered Land Opportunity to Acquire a Minimal Management Site With Development Upside. Property has Parking for 18 Cars, With Entrances on two Different Streets. The Offering is a Short Walk to the Staten Island Ferry and it is Surrounded by new Commercial Developments.
    Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Staten Island
    State
    New York
    Longitude
    -74.0780203
    Latitude
    40.6418677

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    FAQs

    What type of property is this?
    Specialty property - Net-Leased School - Covered Land Opportunity
    Where is this specialty property located?
    The property is located at 450 St Marks Pl Staten Island, NY.
    What is the asking price?
    The asking price for this property is $5,183,000.
    What are key features of this property?
    This property features: 8,928 SF Single-Tenant Property Leased to the NYC Department of Education on a Modified Gross Lease That runs Through 2033 with 3% Annual Increases. 18,100 SF Lot Zoned C4-2/R6 With a Total Buildable Square Footage of 61,540 SF. Covered Land Opportunity to Acquire a Minimal Management Site With Development Upside. Property has Parking for 18 Cars, With Entrances on two Different Streets. The Offering is a Short Walk to the Staten Island Ferry and it is Surrounded by new Commercial Developments.
    (212) 430-5229
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    450 St Marks Pl Staten Island, NY 10301
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    Realmo Value Estimation

    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.

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    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.

    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
    450 St Marks Pl Staten Island, NY 10301
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