Three-Story Mixed-Use
For Sale
$1,488,000
295 Colony Ave, Staten Island, NY 10306
The property combines a ground-floor commercial suite with two residences, private outdoor space, separate utilities, and on-site parking.
Property Size3,592 SF
Price / SF$414.25
Days on Market36
Property Features for 295 Colony Ave
General Information
Standard status
Active
Size
3,592 SF
Total Parking Spaces
5
Elevators
Yes
Property subtype
Multi-Family
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
backyard
electric car charging
Building Details
Year Built
2026
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
NextHome Prestige
Listed By:
Dennis Shteiman
(646) 707-5486
Source:
Statenislandhomelistings
Added: Sep 17
Changed: Oct 21
Last Checked: Oct 21 at 2:26AM
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 NextHome Prestige
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Investment Insights
Based on property information with market context.
Built in 2026, this three-story mixed-use property has a 1,342-square-foot commercial suite with a full bathroom on the first floor. Two three-bedroom, two-bath residences occupy the upper floors; the second-floor unit includes two private terraces. Both residences feature shaker cabinetry, quartz counters, stainless steel appliances, gas stoves, and mini-split heating and air conditioning in each room. A private elevator serves the residential floors.
The property also includes a backyard, a four-car driveway, and a detached one-car garage with electric vehicle charging capability. Utilities are separately metered. The commercial space and residences are vacant and finished; the building is awaiting its certificate of occupancy. Nearby destinations listed include the beach, boardwalk, parks, Hylan Boulevard, Father Capodanno Boulevard, shopping, and public transit.
The property also includes a backyard, a four-car driveway, and a detached one-car garage with electric vehicle charging capability. Utilities are separately metered. The commercial space and residences are vacant and finished; the building is awaiting its certificate of occupancy. Nearby destinations listed include the beach, boardwalk, parks, Hylan Boulevard, Father Capodanno Boulevard, shopping, and public transit.
Key Highlights
- Three‑story mixed‑use building constructed in 2026
- 1,342‑square‑foot ground‑floor commercial suite with full bathroom
- Two upper‑floor 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
Multi-tenant
Tenancy
Yes
Utilities to site
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines a ground-floor commercial suite with two residences, private outdoor space, separate utilities, and on-site parking.
Where is this mixed-use property located?
The property is located at 295 Colony Ave 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: Three‑story mixed‑use building constructed in 2026; 1,342‑square‑foot ground‑floor commercial suite with full bathroom; Two upper‑floor residences, each with 3 bedrooms and 2 bathrooms
