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 Market591
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.
Listed By:
Christopher Long · License #30LO0850855
(646) 220-7272
Source:
Crexi
Added: Mar 4, 2025
Changed: Oct 12
Last Checked: Oct 16 at 9:15AM
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.
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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 / Yr
$369,725
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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
