Corner Retail Florist
For Sale
Contact for pricing
Pending
2286 Richmond Road, Staten Island, NY 10306
For sale complete package featuring a longtime florist operation and included real estate with stone house on a corner lot.
Property Size19,820 SF
Lot Size1.32 Acres
Days on Market442
Property Features for 2286 Richmond Road
General Information
Standard status
Pending
Size
19,820 SF
Total Parking Spaces
51
Lot size
1.32 Acres
Property subtype
Business for Sale
Zoning
R3-2
Additional Details
Business Included
Yes
Road Access
Yes
Building Details
Year Built
1927
Buildings
3
Listing Agency:
Robert DeFalco Realty, Inc.
Listed By:
Matthew Black · License #30BL0977236
(718) 987-7900
Source:
Crexi
Added: Jun 24, 2025
Changed: Aug 8
Last Checked: Jul 24 at 11:11AM
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 Robert DeFalco Realty, Inc.
Investment Insights
Based on property information with market context.
The Moravian Florist is offered for sale as a complete package, with the real estate included. The business is a fourth-generation, family-owned florist established in 1927, with the listing describing the offering as open to all discussions. The property at 2286/2300 Richmond Rd includes a stone house.
The site is situated on a corner to corner, 1.32-acre lot on a busy four-lane Richmond Rd thruway, providing a high-visibility retail setting.
This offering is presented as a turnkey package that combines the established florist operation with the underlying property.
The site is situated on a corner to corner, 1.32-acre lot on a busy four-lane Richmond Rd thruway, providing a high-visibility retail setting.
This offering is presented as a turnkey package that combines the established florist operation with the underlying property.
Key Highlights
- Florist business established in 1927; fourth‑generation, family‑owned operation
- For sale as a complete package with included real estate
- 1.32‑acre corner lot on busy, four‑lane Richmond Rd thruway
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
$426,542
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
7.11%
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%
$8,530,840
$8.5M
Cap Rate 7%
$6,093,457
$6.1M
Cap Rate 9%
$4,739,356
$4.7M
Market Conditions
NOI Build-Up for 19,820 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
$666.0K $33.60/SF
− Vacancy
−$56.6K −$2.86/SF
EGI
$609.3K $30.74/SF
− OpEx
−$182.8K −$9.22/SF
NOI
$426.5K $21.52/SF
Area
ZIP 10306
Vacancy
8.50%
Lease Rate
$33.60 /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%
$8,530,840
Cap Rate 7%
$6,093,457
Cap Rate 9%
$4,739,356
Alternative Uses
Best Use
Retail
$6.09M
$5.33M – $7.11M
NOI $426,542 @ 7.0% cap · market cap 7.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.46M
$8.27M – $11.03M
NOI $661,992 @ 7.0% cap · market cap 11.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,417
Businesses Nearby
27k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 87%
Dining 7%
Electronics 6%
Chase Bank
Shops & Services
9,779 visits/mo
0.5 miles
7-Eleven
Shops & Services
6,407 visits/mo
0.4 miles
Shell
Shops & Services
5,986 visits/mo
0.3 miles
Boost Mobile
Electronics
1,475 visits/mo
0.5 miles
Postal Connections
Shops & Services
1,268 visits/mo
0.3 miles
Demographics for 10306, NY
57,919
Population
21,299
Households
2.7
Avg Household Size
43
Median Age
34%
College-Educated
88%
High-School Grad
7.2 sq mi
ZIP Area
8,044
Density / Sq Mi
$97,746
Median Household Income
$54,052
Median Earnings
$1,743
Median Rent
$675,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - For sale complete package featuring a longtime florist operation and included real estate with stone house on a corner lot.
Where is this storefront property located?
The property is located at 2286 Richmond Road Staten Island, NY.
What is the asking price?
The asking price for this property is $5,998,000.
What are key features of this property?
This property features: Florist business established in 1927; fourth‑generation, family‑owned operation; For sale as a complete package with included real estate; 1.32‑acre corner lot on busy, four‑lane Richmond Rd thruway
