Mixed-Use Building With
For Sale
Contact for pricing
159 Garretson Avenue, Staten Island, NY 10304
Brick commercial property combines street-level retail space with residential apartments above and on-site parking.
Property Size2,800 SF
Price / SF$482.14
Days on Market64
Property Features for 159 Garretson Avenue
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Mixed Use
Zoning
C1-1
Site & Location
Corner Location
Yes
Road Access
Yes
Building Details
Year Built
1920
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
PreReal Prendamano Real Estate
Listed By:
Robert Nixon · License #10401253010
(718) 816-7799
Source:
Crexi
Added: Aug 4
Changed: Oct 2
Last Checked: Oct 5 at 4:51PM
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 PreReal Prendamano Real Estate
Investment Insights
Based on property information with market context.
This 2,800-square-foot brick mixed-use building, constructed in 1920, contains two commercial storefronts and two one-bedroom apartments. The property also includes on-site parking, with each unit separately metered. C1-1 zoning supports the existing mixed-use configuration.
Positioned at the corner of Garretson Avenue and N Railroad Avenue in Dongan Hills, the property is steps from the Staten Island Railway and directly off Hylan Blvd. Shopping, restaurants, and additional transportation connections are located nearby. The site’s corner placement and transit-oriented setting are established physical characteristics of the property.
Positioned at the corner of Garretson Avenue and N Railroad Avenue in Dongan Hills, the property is steps from the Staten Island Railway and directly off Hylan Blvd. Shopping, restaurants, and additional transportation connections are located nearby. The site’s corner placement and transit-oriented setting are established physical characteristics of the property.
Key Highlights
- 2,800 SF mixed‑use brick building constructed in 1920
- Two commercial storefronts with two one‑bedroom apartments above
- C1‑1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,190
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,383,800
$1.4M
Cap Rate 7%
$988,429
$988.4K
Cap Rate 9%
$768,778
$768.8K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$107.5K $38.40/SF
− Vacancy
−$8.7K −$3.10/SF
EGI
$98.8K $35.30/SF
− OpEx
−$29.7K −$10.59/SF
NOI
$69.2K $24.71/SF
Area
ZIP 10304
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,383,800
Cap Rate 7%
$988,429
Cap Rate 9%
$768,778
Alternative Uses
Best Use
Multifamily LT 5
$988.4K
$864.9K – $1.15M
NOI $69,190 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$905.9K
$792.6K – $1.06M
NOI $63,410 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,521 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,549
Businesses Nearby
Explore this area
Business Placement
Demographics for 10304, NY
46,944
Population
17,524
Households
2.7
Avg Household Size
38
Median Age
31%
College-Educated
84%
High-School Grad
3.5 sq mi
ZIP Area
13,413
Density / Sq Mi
$71,506
Median Household Income
$41,752
Median Earnings
$1,516
Median Rent
$659,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick commercial property combines street-level retail space with residential apartments above and on-site parking.
Where is this mixed-use property located?
The property is located at 159 Garretson Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,349,999.
What are key features of this property?
This property features: 2,800 SF mixed‑use brick building constructed in 1920; Two commercial storefronts with two one‑bedroom apartments above; C1‑1 zoning
