Three-Story Mixed-Use
291 Colony Avenue, Staten Island, NY 10306
For Sale
$1,399,888
Residential Income, Staten Island, NY
Property Size3,592 SF
Lot Size0.07 Acres
Price / SF$389.72
Days on Market49
Property Features for 291 Colony Avenue
General Information
Property type
Property subtype
Property condition
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Interior features
Exterior features
Lot features
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Mixed-Use Components
Condition
Individually Metered Utilities
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Amenities
large backyard space
electric car charging capabilities
Building Details
Year built
Floors in Building
Number of units
Building materials
Architectural style
Buildings
Listing Agency:
Mark International Real Estate
Listed By:
Jesse Aronovich · License NY #10301220154
(718) 987-4500
Added: Sep 28
Changed: Nov 8
Last Checked: Nov 15 at 1:06AM
MLS# 2605467
Copyright © 2026 Staten Island Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This three-story mixed-use property contains 3,592 square feet, with a ground-floor commercial suite measuring 1,342 square feet and two residences above. The commercial space has a full bathroom. Each residence offers three bedrooms and two bathrooms; the second-floor unit also has two private terraces. Residential features include quartz countertops, stainless steel appliances, gas stoves, mini-split heating and air conditioning, and access to a private elevator. Separate utilities serve the property. A backyard, four-car driveway, detached one-car garage, and electric vehicle charging capability are also included.
The building is on Colony Avenue in Staten Island, within the Midland Beach area. Nearby destinations listed for the property include the beach, boardwalk, parks, Hylan Boulevard, Father Capodanno Boulevard, shopping, and public transit. Zoning is R3-2.
The building is on Colony Avenue in Staten Island, within the Midland Beach area. Nearby destinations listed for the property include the beach, boardwalk, parks, Hylan Boulevard, Father Capodanno Boulevard, shopping, and public transit. Zoning is R3-2.
Key Highlights
- 3,592‑square‑foot, three‑story mixed‑use property
- 1,342‑square‑foot ground‑floor commercial suite with a full bathroom
- Two upper‑level residences, each with 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,079
Cap Rate
5.79%
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 5.79%
Second Best
Mixed Use
$1.05M
$919.3K – $1.23M
NOI $73,546 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,974 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
584
Businesses Nearby
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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
$675,400
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Staten Island, NY
Properties on Market for Mixed-use properties in Staten Island
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines two three-bedroom residences with a finished ground-floor commercial suite and 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 $1,399,888.
What are key features of this property?
This property features: 3,592‑square‑foot, three‑story mixed‑use property; 1,342‑square‑foot ground‑floor commercial suite with a full bathroom; Two upper‑level residences, each with 3 bedrooms and 2 bathrooms
