Standalone Commercial Asset with
257 New Dorp Ln Staten Island, NY 10306
For Sale
$2,388,888
Former bank building in Staten Island's New Dorp business corridor.
Property Size5,000 SF
Lot Size0.14 Acres
Price / SF$477.78
Days on Market123
Property Features for 257 New Dorp Ln
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 0.14 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1949
Listing Agency:
DiTommaso Real Estate
(718) 667-8000
Listed By:
Stephanie X. Zhang · License #SZ7890
(718) 667-8000
Source:
Elliman
Added: Mar 24
Changed: Jul 6
Last Checked: Jul 23 at 2:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of DiTommaso Real Estate
Investment Insights
Based on property information with market context.
Located in the heart of Staten Island's active New Dorp business corridor, 257 New Dorp Lane is a roughly 5,000-square-foot standalone former bank building. The structure features a functional layout with a usable lower level and approximately 16-foot ceilings. The property's frontage on New Dorp Lane ensures visibility, while the existing rear drive-through infrastructure provides a competitive edge for specific retail uses. The rear area presents potential for conversion into on-site parking for approximately six to seven vehicles, subject to municipal approvals. Benefiting from its location within a dense residential catchment area and proximity to the New Dorp SIR Station, the property captures both local foot traffic and daily commuters. This is an opportunity for an owner-user seeking a permanent headquarters or an investor looking to acquire a high-visibility asset with parking flexibility. All buyers should conduct due diligence regarding zoning, approvals, and gas service feasibility.
Key Highlights
- High‑visibility location on New Dorp Lane in a dense residential area.
- Drive‑through infrastructure already in place.
- Approximately 5,000 SF standalone building with a usable lower level.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $174.0k | $34.80 |
| − Vacancy | −$13.1k | −$2.61 |
| EGI | $161.0k | $32.19 |
| − OpEx | −$40.2k | −$8.05 |
| NOI | $120.7k | $24.14 |
5,000 SF · lease $34.80/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.72M
$1.51M – $2.01M
NOI $120,713 @ 7.0% cap · market cap 5.05%
Second Best
Retail
$1.54M
$1.35M – $1.79M
NOI $107,604 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$2.39M
$2.09M – $2.78M
NOI $167,001 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Banks
FAQs
What type of property is this?
Bank - Former bank building in Staten Island's New Dorp business corridor.
Where is this bank located?
The property is located at 257 New Dorp Ln Staten Island, NY.
What is the asking price?
The asking price for this property is $2,388,888.
What are key features of this property?
This property features: High‑visibility location on New Dorp Lane in a dense residential area.; Drive‑through infrastructure already in place.; Approximately 5,000 SF standalone building with a usable lower level.
