Wholesale Bakery & Dual
155 Port Richmond Ave Staten Island, NY 10302
For Sale
$2,000,000
Pending
Two properties and a thriving wholesale bakery business for sale.
Property Size4,000 SF
Days on Market98
Property Features for 155 Port Richmond Ave
General Information
Standard status
Pending
Size
4,000 SF
Property subtype
Commercial
Building Details
Year Built
1945
Listing Agency:
Lucblue Realty LLC
(718) 500-1919
Listed By:
Lucy Badwan · License #LB4461
(718) 500-1919
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 29 at 7:22AM
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 Lucblue Realty LLC
Investment Insights
Based on property information with market context.
Offered for sale is a package deal featuring two properties and a wholesale bakery business. The building at 96 Vreeland Street is a 4,000 square foot structure with an additional 2,600 square foot lower level, currently operating as a wholesale bakery. The business has been a community fixture for 40 years. Both properties are zoned C4-2, allowing for commercial use and potential residential development under R-6 zoning. This zoning provides flexibility for various uses, including continuing the bakery business, establishing new commercial ventures, or exploring residential redevelopment. The owner is retiring after decades of operation and is selling both the buildings and the bakery as a complete package. This presents an opportunity to acquire a well-established business with a strong reputation and customer base, along with two real estate properties. Elmpark, a neighborhood in Staten Island, New York, combines suburban tranquility with urban convenience. The area has well-maintained homes and a diverse community, complemented by transportation options. Residents benefit from the Staten Island Railway, local and express buses, and access to the Goethals Bridge to New Jersey. Elm Park is served by S40, S44, S89, S90, and S94.
Key Highlights
- Established Wholesale Bakery Business: Includes a decades‑old, successful wholesale bakery with a strong reputation and customer base.
- Dual Property Package: Sale includes two properties, offering immediate value and future potential.
- Versatile C4‑2 Zoning: Allows for a range of commercial uses and potential residential redevelopment under R‑6 zoning.
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 | $139.2k | $34.80 |
| − Vacancy | −$10.4k | −$2.61 |
| EGI | $128.8k | $32.19 |
| − OpEx | −$32.2k | −$8.05 |
| NOI | $96.6k | $24.14 |
4,000 SF · lease $34.80/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.38M
$1.21M – $1.61M
NOI $96,570 @ 7.0% cap · market cap 4.83%
Second Best
Industrial
$902.4K
$789.6K – $1.05M
NOI $63,168 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,601 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Commercial kitchen - Two properties and a thriving wholesale bakery business for sale.
Where is this commercial kitchen located?
The property is located at 155 Port Richmond Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Established Wholesale Bakery Business: Includes a decades‑old, successful wholesale bakery with a strong reputation and customer base.; Dual Property Package: Sale includes two properties, offering immediate value and future potential.; Versatile C4‑2 Zoning: Allows for a range of commercial uses and potential residential redevelopment under R‑6 zoning.
