Retail Building with Apartment
1899/1903 Victory Boulevard Staten Island, NY 10314
For Sale
Contact for pricing
Commercial building with two separate storefronts and a second-floor 2-bedroom apartment on Victory Boulevard.
Property Size3,600 SF
Price / SF$499
Days on Market191
Property Features for 1899/1903 Victory Boulevard
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Property subtype
- Business for Sale, Retail
Building Details
- Year Built
- 1931
Listing Agency:
Wonica REALTORS & Appraisers
Listed By:
George Wonica · License #10311200971
Source:
Crexi
Added: Jan 16
Changed: Jul 23
Last Checked: Jul 24 at 7:20AM
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 Wonica REALTORS & Appraisers
Investment Insights
Based on property information with market context.
1899/1903 Victory Boulevard is a multi-use commercial building featuring two separate storefront spaces with a second-floor 2-bedroom apartment. The property is arranged to support both street-level retail operations and residential occupancy above.
The building is located on a main thoroughfare and is described as being close to amenities and transportation, supporting day-to-day accessibility for storefront and residential use.
Please note: the business is not for sale. The offering is for the real estate.
The building is located on a main thoroughfare and is described as being close to amenities and transportation, supporting day-to-day accessibility for storefront and residential use.
Please note: the business is not for sale. The offering is for the real estate.
Key Highlights
- Commercial building (Year Built 1931) on Victory Boulevard at 1899/1903
- Two separate storefronts
- Second‑floor 2‑bedroom apartment
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $172.8k | $48.00 |
| − Vacancy | −$7.3k | −$2.02 |
| EGI | $165.5k | $45.98 |
| − OpEx | −$74.5k | −$20.69 |
| NOI | $91.0k | $25.29 |
3,600 SF · lease $48.00/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.30M
$1.14M – $1.52M
NOI $91,048 @ 7.0% cap · market cap 5.06%
Second Best
Retail
$988.2K
$864.7K – $1.15M
NOI $69,174 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$1.72M
$1.50M – $2.00M
NOI $120,241 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar Off Market Nearby
- Benicia Florist Same Day Delivery Inc — 1868 victory blvd, staten island, ny 10314
FAQs
What type of property is this?
Storefront property - Commercial building with two separate storefronts and a second-floor 2-bedroom apartment on Victory Boulevard.
Where is this storefront property located?
The property is located at 1899/1903 Victory Boulevard Staten Island, NY.
What is the asking price?
The asking price for this property is $1,799,999.
What are key features of this property?
This property features: Commercial building (Year Built 1931) on Victory Boulevard at 1899/1903; Two separate storefronts; Second‑floor 2‑bedroom apartment
