9-Workspace Auto Shop
For Sale
Contact for pricing
1264-1270 Castleton Avenue, Staten Island, NY 10310
Three adjoining lots support an established automotive operation with indoor work areas and off-street parking.
Property Size13,636 SF
Price / SF$297.01
Days on Market477
Property Features for 1264-1270 Castleton Avenue
General Information
Standard status
Active
Size
13,636 SF
Property subtype
Multifamily, Retail
Zoning
R3A
Additional Details
Road Access
Yes
Land Use
commercial, mixed-use
Service Bays
9
Building Details
Year Built
1960
Buildings
2
Listing Agency:
Robert DeFalco Realty, Inc.
Listed By:
Dana Walker Boyd · License #40WA1086893
Source:
Crexi
Added: May 12, 2025
Changed: Aug 31
Last Checked: Aug 31 at 3:52AM
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 Robert DeFalco Realty, Inc.
Investment Insights
Based on property information with market context.
This offering combines three adjacent lots at 1264-1270 Castleton Avenue in Staten Island, creating an assemblage that currently supports an established auto services operation. The existing facility includes 9 indoor workspaces and off-street parking, providing a functional setup for automotive service activity.
The property was built in 1960 and is located in Staten Island’s North Shore corridor. With a reported property size of 13,636, the package presents a substantial footprint for its current automotive use. Access is by appointment only, and tenants should not be disturbed.
The property was built in 1960 and is located in Staten Island’s North Shore corridor. With a reported property size of 13,636, the package presents a substantial footprint for its current automotive use. Access is by appointment only, and tenants should not be disturbed.
Key Highlights
- Three adjacent lots offered together at 1264‑1270 Castleton Avenue
- Established auto services operation on the site
- 9 indoor workspaces
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
$293,458
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
7.25%
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%
$5,869,160
$5.9M
Cap Rate 7%
$4,192,257
$4.2M
Cap Rate 9%
$3,260,644
$3.3M
Market Conditions
NOI Build-Up for 13,636 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
$458.2K $33.60/SF
− Vacancy
−$38.9K −$2.86/SF
EGI
$419.2K $30.74/SF
− OpEx
−$125.8K −$9.22/SF
NOI
$293.5K $21.52/SF
Area
Staten Island, NY
Vacancy
8.50%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
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%
$5,869,160
Cap Rate 7%
$4,192,257
Cap Rate 9%
$3,260,644
Alternative Uses
Best Use
Retail
$4.19M
$3.67M – $4.89M
NOI $293,458 @ 7.0% cap · market cap 7.25%
Second Best
Industrial
$3.08M
$2.69M – $3.59M
NOI $215,340 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$6.51M
$5.69M – $7.59M
NOI $455,445 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
9
Service bays
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,763
Businesses Nearby
17k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 78%
Electronics 12%
Hotels & Casinos 8%
Home Improvements & Furnishings 2%
Family Dollar
Shops & Services
11,085 visits/mo
0.2 miles
Enterprise Rent-A-Car
Shops & Services
1,932 visits/mo
0.1 miles
Days Inn
Hotels & Casinos
1,284 visits/mo
0.4 miles
Metro by T-Mobile
Electronics
1,240 visits/mo
0.5 miles
Boost Mobile
Electronics
811 visits/mo
0.5 miles
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 Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Three adjoining lots support an established automotive operation with indoor work areas and off-street parking.
Where is this auto shop located?
The property is located at 1264-1270 Castleton Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $4,050,000.
What are key features of this property?
This property features: Three adjacent lots offered together at 1264‑1270 Castleton Avenue; Established auto services operation on the site; 9 indoor workspaces
