Former Bank Building with
257 NEW DORP LN Staten Island, NY 10306
For Sale
$2,488,888
Standalone former bank building offers usable lower level, approximately 16-foot ceilings, and rear drive-through capability.
Property Size5,600 SF
Price / SF$444.44
Days on Market131
Property Features for 257 NEW DORP LN
General Information
- Standard status
- Active
- Size
- 5,600 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1949
Listing Agency:
DiTommaso Real Estate
(718) 667-8000
Listed By:
Stephanie Zhang · License #SZ7890
(718) 667-8000
Source:
Xome
Added: Mar 16
Changed: Jul 23
Last Checked: Jul 23 at 6:30PM
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 DiTommaso Real Estate
Investment Insights
Based on property information with market context.
Standalone former bank building at 257 New Dorp Ln provides immediate utility with a functional layout that includes a usable lower level and approximately 16-foot ceilings. The property is configured with rear drive-through infrastructure, supporting retail concepts that benefit from drive-up service.
The building has prominent frontage on New Dorp Lane and is described as being near the New Dorp SIR Station, placing it within an area that captures both local and commuter activity.
In addition to drive-through use, the rear area is described as having potential to be converted to on-site parking for approximately six to seven vehicles, subject to municipal approvals. All parties should conduct due diligence regarding zoning, approvals, and gas service feasibility.
The building has prominent frontage on New Dorp Lane and is described as being near the New Dorp SIR Station, placing it within an area that captures both local and commuter activity.
In addition to drive-through use, the rear area is described as having potential to be converted to on-site parking for approximately six to seven vehicles, subject to municipal approvals. All parties should conduct due diligence regarding zoning, approvals, and gas service feasibility.
Key Highlights
- ~5,000 SF standalone former bank building with a usable lower level and approximately 16‑foot ceilings
- Rear drive‑through infrastructure suitable for certain retail uses
- Prominent frontage on New Dorp Lane in Staten Island’s New Dorp business corridor
Financial Insights For Specialty Retail
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 | $194.9k | $34.80 |
| − Vacancy | −$14.6k | −$2.61 |
| EGI | $180.3k | $32.19 |
| − OpEx | −$45.1k | −$8.05 |
| NOI | $135.2k | $24.14 |
5,600 SF · lease $34.80/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.93M
$1.69M – $2.25M
NOI $135,198 @ 7.0% cap · market cap 5.43%
Second Best
Retail
$1.72M
$1.51M – $2.01M
NOI $120,516 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$2.67M
$2.34M – $3.12M
NOI $187,041 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Banks
FAQs
What type of property is this?
Bank - Standalone former bank building offers usable lower level, approximately 16-foot ceilings, and rear drive-through capability.
Where is this bank located?
The property is located at 257 NEW DORP LN Staten Island, NY.
What is the asking price?
The asking price for this property is $2,488,888.
What are key features of this property?
This property features: ~5,000 SF standalone former bank building with a usable lower level and approximately 16‑foot ceilings; Rear drive‑through infrastructure suitable for certain retail uses; Prominent frontage on New Dorp Lane in Staten Island’s New Dorp business corridor
