Mixed-Use Building with Liquor
For Sale
$1,100,000
Pending
227 Broad St, Staten Island, NY 10304
Ground-floor retail is paired with two updated three-bedroom apartments and a tenant-use backyard.
Property Size3,375 SF
Days on Market280
Property Features for 227 Broad St
General Information
Standard status
Pending
Size
3,375 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Amenities
backyard
Building Details
Year Built
1931
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Tom Crimmins Realty, Ltd.
(718) 370-3200
Listed By:
Young A Choi
Source:
Statenislandhomelistings
Added: Nov 24, 2025
Changed: Aug 28
Last Checked: Aug 30 at 6:13PM
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 Tom Crimmins Realty, Ltd.
Investment Insights
Based on property information with market context.
This mixed-use property was built in 1931 and combines a ground-floor liquor store with residential space above. The second and third floors each contain a three-bedroom apartment, with recent updates including new window frames and fresh paint. A backyard provides additional outdoor space for tenant use or future improvements.
The property is located at 227 Broad St in Staten Island, NY 10304. Its configuration brings retail and residential components together within one building, offering a defined layout across three floors.
The property is located at 227 Broad St in Staten Island, NY 10304. Its configuration brings retail and residential components together within one building, offering a defined layout across three floors.
Key Highlights
- Ground‑floor liquor store with two residential floors
- Two 3‑bedroom apartments, one on each of the second and third floors
- Recent updates include new window frames and fresh paint
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
$76,431
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
6.95%
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%
$1,528,620
$1.5M
Cap Rate 7%
$1,091,871
$1.1M
Cap Rate 9%
$849,233
$849.2K
Market Conditions
NOI Build-Up for 3,375 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
$151.9K $45.00/SF
− Vacancy
−$12.9K −$3.83/SF
EGI
$139.0K $41.18/SF
− OpEx
−$62.5K −$18.53/SF
NOI
$76.4K $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%
$1,528,620
Cap Rate 7%
$1,091,871
Cap Rate 9%
$849,233
Alternative Uses
Best Use
Apartment 5plus
$1.09M
$955.4K – $1.27M
NOI $76,431 @ 7.0% cap · market cap 6.95%
Second Best
Mixed Use
$976.3K
$854.3K – $1.14M
NOI $68,344 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,726 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,393
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 Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor retail is paired with two updated three-bedroom apartments and a tenant-use backyard.
Where is this mixed-use property located?
The property is located at 227 Broad St Staten Island, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Ground‑floor liquor store with two residential floors; Two 3‑bedroom apartments, one on each of the second and third floors; Recent updates include new window frames and fresh paint
