Custom Elevator Office
For Sale
Contact for pricing
144 Mcclean Avenue, Staten Island, NY 10305
Custom elevator office building with off-street parking and central air, suited for medical, dental, or business offices.
Property Size3,000 SF
Price / SF$441.67
Days on Market66
Property Features for 144 Mcclean Avenue
General Information
Standard status
Active
Size
3,000 SF
Total Parking Spaces
3
Property subtype
Office
Zoning
R3 -2
Additional Details
Office Units
3
Building Details
Year Built
2007
Buildings
1
Units
3
Tenancy
Multi
Listing Agency:
Island Wide Realty
Listed By:
Anthony Bernardez · License #New York
Source:
Crexi
Added: Jun 17
Changed: Aug 12
Last Checked: Aug 18 at 7:01PM
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 Island Wide Realty
Investment Insights
Based on property information with market context.
This custom commercial elevator office building is designed to support professional office use, with central air and off-street parking for day-to-day operations. The property includes three commercial units plus a loft, offering flexible layouts for a range of office and client-facing needs.
Set in a busy area and located about three blocks from the Verrazzano Bridge, the building benefits from an established commercial setting and convenient access for patients, clients, and staff. Its proximity to a major regional crossing can be an asset for businesses that rely on consistent local visibility and accessibility.
The mix of medical, dental, and business office compatibility makes this property a practical fit for owner-users and investors seeking a professional environment. With dedicated elevator service and central air, it supports tenant comfort across the building’s office units, while the included loft can provide additional space depending on configuration. If you’re looking for a turnkey-style office property with straightforward functionality for client-based uses, this building is worth a closer look.
Set in a busy area and located about three blocks from the Verrazzano Bridge, the building benefits from an established commercial setting and convenient access for patients, clients, and staff. Its proximity to a major regional crossing can be an asset for businesses that rely on consistent local visibility and accessibility.
The mix of medical, dental, and business office compatibility makes this property a practical fit for owner-users and investors seeking a professional environment. With dedicated elevator service and central air, it supports tenant comfort across the building’s office units, while the included loft can provide additional space depending on configuration. If you’re looking for a turnkey-style office property with straightforward functionality for client-based uses, this building is worth a closer look.
Key Highlights
- Custom commercial elevator office building built in 2007
- 3 blocks from the Verrazzano Bridge
- 3 commercial units plus a loft
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
$84,522
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
6.38%
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%
$1,690,440
$1.7M
Cap Rate 7%
$1,207,457
$1.2M
Cap Rate 9%
$939,133
$939.1K
Market Conditions
NOI Build-Up for 3,000 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
$139.0K $46.32/SF
− Vacancy
−$26.3K −$8.75/SF
EGI
$112.7K $37.57/SF
− OpEx
−$28.2K −$9.39/SF
NOI
$84.5K $28.17/SF
Area
ZIP 10305
Vacancy
18.90%
Lease Rate
$46.32 /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%
$1,690,440
Cap Rate 7%
$1,207,457
Cap Rate 9%
$939,133
Alternative Uses
Best Use
Office B
$1.21M
$1.06M – $1.41M
NOI $84,522 @ 7.0% cap · market cap 6.38%
Second Best
Healthcare Medical
$794.9K
$695.5K – $927.4K
NOI $55,642 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,201 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
737
Businesses Nearby
Explore this area
Business Placement
Demographics for 10305, NY
44,008
Population
16,850
Households
2.6
Avg Household Size
41
Median Age
32%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
11,002
Density / Sq Mi
$86,294
Median Household Income
$52,183
Median Earnings
$1,656
Median Rent
$627,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Custom elevator office building with off-street parking and central air, suited for medical, dental, or business offices.
Where is this office units located?
The property is located at 144 Mcclean Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Custom commercial elevator office building built in 2007; 3 blocks from the Verrazzano Bridge; 3 commercial units plus a loft
