Building Details

Year Built 1972

Buildings 2

Units 6

Listing Agency: M&M Homes Inc.

Listed By: Sookhee Yi · License #10401210571 Show Phone

Source: Crexi

Added: Dec 19, 2025 Changed: Oct 3 Last Checked: Oct 16 at 8:01AM

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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 M&M Homes Inc.

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Investment Insights

Based on property information with market context.

This 8,232-square-foot mixed-use package includes the properties at 2-4 St. Pauls Avenue and 65 St. Pauls Avenue. Built in 1972, the buildings include commercial space occupied by North Shore People's Credit Union, five two-bedroom residences at 2-4 St. Pauls Avenue, and two additional two-bedroom residences at 65 St. Pauls Avenue. Residential units include private washer and dryer hookups.

The 65 St. Pauls Avenue property also contains 12 garage complexes. The two properties are being sold together, offering a combined residential, commercial, and garage configuration within Staten Island's North Shore. The asset is zoned C2-1.

Key Highlights

• 8,232 SF mixed‑use package at 2‑4 and 65 St. Pauls Avenue
• Commercial space occupied by North Shore People's Credit Union
• Five 2‑bedroom units at 2‑4 St. Pauls Avenue

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$198,741

Cap Rate

6.62%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,974,820 $4.0M

Cap Rate 7%

$2,839,157 $2.8M

Cap Rate 9%

$2,208,233 $2.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,232 SF

Gross rent

$286.5K $34.80/SF

− Vacancy

−$21.5K −$2.61/SF

EGI

$265.0K $32.19/SF

− OpEx

−$66.2K −$8.05/SF

NOI

$198.7K $24.14/SF

Area

Staten Island, NY

Vacancy

7.50%

Lease Rate

$34.80 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,974,820

Cap Rate 7%

$2,839,157

Cap Rate 9%

$2,208,233

Alternative Uses

Best Use

Specialty Retail

$2.84M

$2.48M – $3.31M (±1% cap)

NOI $198,741 @ 7.0% cap · market cap 6.62%

Second Best

Apartment 5plus

$2.61M

$2.28M – $3.04M (±1% cap)

NOI $182,553 @ 7.0% cap · market cap 6.09%

Theoretical Best

Office A

$3.93M

$3.44M – $4.58M (±1% cap)

NOI $274,951 @ 7.0% cap · market cap 9.17%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Banks

Suggested Use

Top Pick Real Estate Agency Building Supply Dental Office Big Box & Wholesale Store Auto Parts Store Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

835

Businesses Nearby

Explore this area Business Placement

Demographics for 10301, NY

41,474

Population

16,631

Households

2.5

Avg Household Size

40

Median Age

38%

College-Educated

88%

High-School Grad

3.8 sq mi

ZIP Area

10,914

Density / Sq Mi

$84,937

Median Household Income

$50,140

Median Earnings

$1,697

Median Rent

$657,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Two-building package combines commercial occupancy, seven two-bedroom residences, and private garage facilities under C2-1 zoning.

Where is this mixed-use property located?

The property is located at 2-4 St. Pauls Avenue Staten Island, NY.

What is the asking price?

The asking price for this property is $3,000,000.

What are key features of this property?

This property features: 8,232 SF mixed‑use package at 2‑4 and 65 St. Pauls Avenue; Commercial space occupied by North Shore People's Credit Union; Five 2‑bedroom units at 2‑4 St. Pauls Avenue