Three-Story Mixed-Use
For Sale
$1,488,000
291 Colony Avenue, Staten Island, NY 10306
A finished commercial unit and two private residences are delivered vacant with separate utilities.
Property Size3,592 SF
Price / SF$414.25
Days on Market29
Property Features for 291 Colony Avenue
General Information
Standard status
Active
Size
3,592 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Residential Income
Zoning
R3-2
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Mixed-Use Components
retail, residential
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1.00
Amenities
large backyard space
electric car charging capabilities
private residential elevator
2 large private terraces
Walk-In Closet(s)
Balcony
Building Details
Building Size
3,592 SF
Year Built
2026
Buildings
1
Stories
3
Units
3
Listing Agency:
Mark International Real Estate
(718) 987-4500
Listed By:
Jesse Aronovich · License #10301220154
(917) 346-0054
Source:
Connieprofaci
Added: Sep 28
Changed: Oct 25
Last Checked: Oct 26 at 3:40AM
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 Mark International Real Estate
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Investment Insights
Based on property information with market context.
Built in 2026, this three-story mixed-use property contains a 1,342-square-foot commercial unit with a full bathroom on the ground floor. The space is finished and suited to retail, office, medical, or service use. Two 1,125-square-foot residences occupy the upper floors; each has three bedrooms and two bathrooms. The second-floor residence also has two private terraces. Both homes include stainless steel appliances, quartz counters, white shaker cabinetry, gas stoves, mini-split heating and air conditioning in each room, and access to a private elevator.
The property includes a backyard, a four-car driveway, a detached one-car garage, electric-vehicle charging capability, and separate utilities. It is in Midland Beach, near the beach, boardwalk, parks, Hylan Boulevard, Father Capodanno Boulevard, shopping, and public transit. Zoning is R3-2. The building is vacant and finished; a certificate of occupancy is pending.
The property includes a backyard, a four-car driveway, a detached one-car garage, electric-vehicle charging capability, and separate utilities. It is in Midland Beach, near the beach, boardwalk, parks, Hylan Boulevard, Father Capodanno Boulevard, shopping, and public transit. Zoning is R3-2. The building is vacant and finished; a certificate of occupancy is pending.
Key Highlights
- 3,592‑square‑foot mixed‑use building, built in 2026
- 1,342‑square‑foot ground‑floor commercial unit with full bathroom
- Two 1,125‑square‑foot residences, each with 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,079
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,621,580
$1.6M
Cap Rate 7%
$1,158,271
$1.2M
Cap Rate 9%
$900,878
$900.9K
Market Conditions
NOI Build-Up for 3,592 SF
Gross rent
$155.2K $43.20/SF
− Vacancy
−$7.8K −$2.16/SF
EGI
$147.4K $41.04/SF
− OpEx
−$66.3K −$18.47/SF
NOI
$81.1K $22.57/SF
Area
ZIP 10306
Vacancy
5.00%
Lease Rate
$43.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,621,580
Cap Rate 7%
$1,158,271
Cap Rate 9%
$900,878
Alternative Uses
Best Use
Apartment 5plus
$1.16M
$1.01M – $1.35M
NOI $81,079 @ 7.0% cap · market cap 5.45%
Second Best
Retail
$1.10M
$966.3K – $1.29M
NOI $77,303 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,974 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
584
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A finished commercial unit and two private residences are delivered vacant with separate utilities.
Where is this mixed-use property located?
The property is located at 291 Colony Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,488,000.
What are key features of this property?
This property features: 3,592‑square‑foot mixed‑use building, built in 2026; 1,342‑square‑foot ground‑floor commercial unit with full bathroom; Two 1,125‑square‑foot residences, each with 3 bedrooms and 2 bathrooms
