Masonry Office
For Sale
Contact for pricing
150 Granite Avenue, Staten Island, NY 10303
M3-1-zoned office property with on-site parking and access to major regional connections.
Property Size16,146 SF
Price / SF$309.63
Days on Market546
Property Features for 150 Granite Avenue
General Information
Standard status
Active
Size
16,146 SF
Total Parking Spaces
25
Property subtype
Business for Sale, Office, Special Purpose
Zoning
M3-1
Additional Details
Highway Access
Yes
Building Details
Year Built
1977
Buildings
1
Building Size
16,146 SF
Construction
masonry
Listing Agency:
Gateway Arms Realty Corp.
(646) 220-7272
Listed By:
Christopher Long · License #30LO0850855
Source:
Crexi
Added: Mar 4, 2025
Changed: Aug 31
Last Checked: Aug 31 at 6:56AM
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 Gateway Arms Realty Corp.
Investment Insights
Based on property information with market context.
This Staten Island commercial property contains a masonry building constructed in 1977 and configured for office use. The improvements include on-site parking and are situated within an M3-1 zoning designation.
The property is located at 150 Granite Avenue, Staten Island, NY 10303, with access to major highways and the Bayonne and Goethals bridges. Its existing office configuration and transportation connections provide a defined commercial setting for continued office occupancy.
The property is located at 150 Granite Avenue, Staten Island, NY 10303, with access to major highways and the Bayonne and Goethals bridges. Its existing office configuration and transportation connections provide a defined commercial setting for continued office occupancy.
Key Highlights
- M3‑1 zoning designation
- Masonry construction with office buildout
- On‑site parking included
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
$369,725
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
7.39%
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%
$7,394,500
$7.4M
Cap Rate 7%
$5,281,786
$5.3M
Cap Rate 9%
$4,108,056
$4.1M
Market Conditions
NOI Build-Up for 16,148 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
$620.1K $38.40/SF
− Vacancy
−$127.1K −$7.87/SF
EGI
$493.0K $30.53/SF
− OpEx
−$123.2K −$7.63/SF
NOI
$369.7K $22.90/SF
Area
Staten Island, NY
Vacancy
20.50%
Lease Rate
$38.40 /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%
$7,394,500
Cap Rate 7%
$5,281,786
Cap Rate 9%
$4,108,056
Alternative Uses
Best Use
Office B
$5.28M
$4.62M – $6.16M
NOI $369,725 @ 7.0% cap · market cap 7.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.70M
$6.74M – $8.99M
NOI $539,347 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,349
Businesses Nearby
Explore this area
Business Placement
Demographics for 10303, NY
28,155
Population
9,580
Households
2.9
Avg Household Size
34
Median Age
30%
College-Educated
83%
High-School Grad
3.2 sq mi
ZIP Area
8,798
Density / Sq Mi
$79,429
Median Household Income
$49,072
Median Earnings
$1,520
Median Rent
$457,600
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?
Office building - M3-1-zoned office property with on-site parking and access to major regional connections.
Where is this office building located?
The property is located at 150 Granite Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $4,999,900.
What are key features of this property?
This property features: M3‑1 zoning designation; Masonry construction with office buildout; On‑site parking included
