Mixed-Use Property with
New
For Sale
$1,365,000
195 Broad Street, Staten Island, NY 10304
First-floor deli/store space is paired with two one-bedroom apartments above, with all units currently rented.
Property Size2,900 SF
Price / SF$470.69
Days on Market2
Property Features for 195 Broad Street
General Information
Standard status
Active
Size
2,900 SF
Property subtype
Mixed Use
Occupancy
100%
Units
Unit Mix
2 x 1BR
Multifamily Units
2
Building Details
Stories
2
Tenancy
Multi
Listing Agency:
RE/MAX Edge
Listed By:
Mohammad A. Chohan
(718) 612-3088
Source:
Prideestates
Added: Sep 9
Last Checked: Sep 9 at 3:35PM
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 RE/MAX Edge
Investment Insights
Based on property information with market context.
This 2,900-square-foot mixed-use property combines a first-floor deli/store with two one-bedroom residential apartments on the second floor. The layout provides separate commercial and residential components within one building, supporting multiple occupancy types.
All units are currently rented, including the ground-floor commercial space and both apartments. The property is located at 195 Broad Street in Staten Island, New York, and offers an existing tenant setup across its retail and residential areas.
All units are currently rented, including the ground-floor commercial space and both apartments. The property is located at 195 Broad Street in Staten Island, New York, and offers an existing tenant setup across its retail and residential areas.
Key Highlights
- 2,900‑square‑foot mixed‑use property
- First‑floor deli/store space
- Two one‑bedroom apartments on the second floor
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
$65,674
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
4.81%
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%
$1,313,480
$1.3M
Cap Rate 7%
$938,200
$938.2K
Cap Rate 9%
$729,711
$729.7K
Market Conditions
NOI Build-Up for 2,900 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
$130.5K $45.00/SF
− Vacancy
−$11.1K −$3.83/SF
EGI
$119.4K $41.18/SF
− OpEx
−$53.7K −$18.53/SF
NOI
$65.7K $22.65/SF
Area
ZIP 10304
Vacancy
8.50%
Lease Rate
$45.00 /SF/Yr
Expense Ratio
45.00%
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%
$1,313,480
Cap Rate 7%
$938,200
Cap Rate 9%
$729,711
Alternative Uses
Best Use
Apartment 5plus
$938.2K
$820.9K – $1.09M
NOI $65,674 @ 7.0% cap · market cap 4.81%
Second Best
Mixed Use
$838.9K
$734.1K – $978.8K
NOI $58,725 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,861 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,361
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 - First-floor deli/store space is paired with two one-bedroom apartments above, with all units currently rented.
Where is this mixed-use property located?
The property is located at 195 Broad Street Staten Island, NY.
What is the asking price?
The asking price for this property is $1,365,000.
What are key features of this property?
This property features: 2,900‑square‑foot mixed‑use property; First‑floor deli/store space; Two one‑bedroom apartments on the second floor
