Manufacturing Property Near
234 Grandview Ave, Staten Island, NY 10303
5000 sq ft manufacturing property with parking for 12.
Type:Industrial
Property size:
5,000 SFLot size:
0.23 AcresPrice / SF:
$400/SF- Added:
- Oct 2, 2024
- Days on Market:
- 606
- Last Refresh:
- May 12 at 9:15 pm
Property Features for 234 Grandview Ave
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 0.23 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1950
Listing agent Melsa Skrapalliu License #NY
Listing office RJM Realty Empire
Listing date Oct 2, 2024
Source Crexi
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 RJM Realty Empire
HighLights
- Over 10,000 Sq/Ft M2‑1 Manufacturing Zoning Lot with a 5,000 Sq/Ft Structure.
- Prime location close to Goethals and Verrazano Bridge.
- Spacious parking lot with parking for up to 12 cars.
- Opportunity for owner‑user or investor with tenant vacating before 04/01/2025.
- Newer plumbing & electric above & below ground.
- New roof and newly paved parking lot with stripes.
Overview
This property presents an investment opportunity with over 10,000 sq ft of M2-1 Manufacturing Zoning Lot and a 5000 sq ft structure suitable for warehouse or storage use. The property is located close to the Goethals and Verrazano Bridges. The property includes a spacious parking lot that can accommodate up to 12 cars. The tenant is vacating the site before 04/01/2025. The property features steel gated fencing, and updated plumbing and electric systems, both above and below ground. The structure is configured with a 3000 sq ft warehouse and a 2000 sq ft office space. The seller can revert to comply with CO for a 5000 sq ft warehouse. The existing office space includes 7 offices, a conference room, a reception area, a kitchen, and one bathroom. These can be demolished and converted into warehouse space to comply with CO requirements. The garage has high ceilings. Additional features include a new roof, newly paved parking with stripes, and a haul unit on the roof. The property is conveniently located near bridges and highways.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $132.0k | $26.40 |
| − Vacancy | −$7.3k | −$1.45 |
| EGI | $124.7k | $24.95 |
| − OpEx | −$18.7k | −$3.74 |
| NOI | $106.0k | $21.21 |
5,000 SF · lease $26.40/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.51M
$1.33M – $1.77M
NOI $106,029 @ 7.0% cap · market cap 5.30%
Second Best
Industrial
$1.13M
$987.0K – $1.32M
NOI $78,960 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$2.39M
$2.09M – $2.78M
NOI $167,001 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Manufacturing properties
Location Insight
- Map
- Local Demand
- City
- Staten Island
- County
- Richmond
- State
- New York
- Longitude
- -74.165421
- Latitude
- 40.634706
Nearby Similar for Sale
FAQs
What type of property is this?
Manufacturing property - 5000 sq ft manufacturing property with parking for 12.
Where is this manufacturing property located?
The property is located at 234 Grandview Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Over 10,000 Sq/Ft M2‑1 Manufacturing Zoning Lot with a 5,000 Sq/Ft Structure.; Prime location close to Goethals and Verrazano Bridge.; Spacious parking lot with parking for up to 12 cars.
