Mixed-Use Laundromat and
For Sale
Contact for pricing
211 Broad Street, Staten Island, NY 10304
Two-story mixed-use building with an operating laundromat and separate second-floor office space.
Property Size3,600 SF
Price / SF$277.78
Days on Market63
Property Features for 211 Broad Street
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Mixed Use
Building Details
Year Built
2011
Listing Agency:
Toscana Property LLC
Listed By:
Kinderlyn Romhin · License #10401395664
Source:
Crexi
Added: Jun 6
Changed: Jul 10
Last Checked: Aug 6 at 2:48PM
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 Toscana Property LLC
Investment Insights
Based on property information with market context.
This mixed-use property includes a fully operational laundromat on the first floor and office space on the second floor. The laundromat is included in the sale and is equipped with 28 washers and 30 dryers, along with an ATM. The second floor provides office space suited to a range of professional or commercial uses, supporting a live-work or income-and-tenant mix within one building.
The property is located in a busy commercial district and is described as offering strong foot traffic and excellent visibility, which can support customer-facing uses on the street level. Its two-level configuration separates the laundromat operations from the upper-floor work space.
For buyers, this layout can appeal to owner-operators who want to run the laundromat while leasing the second-floor office, or to investors seeking a property with an operating business and an additional space component. The presence of dedicated equipment for the laundromat and the separate office floor provide a practical foundation for straightforward day-to-day operations and flexible tenancy within the same structure.
The property is located in a busy commercial district and is described as offering strong foot traffic and excellent visibility, which can support customer-facing uses on the street level. Its two-level configuration separates the laundromat operations from the upper-floor work space.
For buyers, this layout can appeal to owner-operators who want to run the laundromat while leasing the second-floor office, or to investors seeking a property with an operating business and an additional space component. The presence of dedicated equipment for the laundromat and the separate office floor provide a practical foundation for straightforward day-to-day operations and flexible tenancy within the same structure.
Key Highlights
- Two‑story mixed‑use building built in 2011 with an operating laundromat on the first floor and office space on the second floor
- First‑floor laundromat business included, equipped with 28 washers, 30 dryers, and an ATM
- Laundromat operates as part of the sale while the second floor provides office space for professional or commercial use
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
$69,174
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
6.92%
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%
$1,383,480
$1.4M
Cap Rate 7%
$988,200
$988.2K
Cap Rate 9%
$768,600
$768.6K
Market Conditions
NOI Build-Up for 3,600 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
$108.0K $30.00/SF
− Vacancy
−$9.2K −$2.55/SF
EGI
$98.8K $27.45/SF
− OpEx
−$29.6K −$8.24/SF
NOI
$69.2K $19.22/SF
Area
ZIP 10304
Vacancy
8.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,383,480
Cap Rate 7%
$988,200
Cap Rate 9%
$768,600
Alternative Uses
Best Use
Office B
$1.45M
$1.27M – $1.69M
NOI $101,427 @ 7.0% cap · market cap 10.14%
Second Best
Retail
$988.2K
$864.7K – $1.15M
NOI $69,174 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$1.72M
$1.50M – $2.00M
NOI $120,241 @ 7.0% cap · market cap 12.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,396
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
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 - Two-story mixed-use building with an operating laundromat and separate second-floor office space.
Where is this office units located?
The property is located at 211 Broad Street Staten Island, NY.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Two‑story mixed‑use building built in 2011 with an operating laundromat on the first floor and office space on the second floor; First‑floor laundromat business included, equipped with 28 washers, 30 dryers, and an ATM; Laundromat operates as part of the sale while the second floor provides office space for professional or commercial use
