Mixed-Use Building with Retail
New
For Sale
$1,488,000
295 Colony Avenue, Staten Island, NY 10306
Residential Income, Staten Island, NY
Property Size3,592 SF
Lot Size0.07 Acres
Price / SF$414.25
Days on Market3
Property Features for 295 Colony Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
R3-2
Bedrooms
6
Bathrooms
5
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 3, Bathroom 5, Bedroom 6, Bedroom 5, Bathroom 1, Bedroom 1
Parking features
Garage, Driveway
Interior features
Walk-In Closet(s)
Exterior features
Balcony
Lot features
Back Yard
Subdivision
Midland Beach
Standard status
Active
APN
03814-0030
Size
3,592 SF
Lot size
0.07 Acres
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Electric (Heating)
Amenities
backyard
electric car charging
Building Details
Year built
2026
Floors in Building
3
Number of units
3
Building materials
Stone
Architectural style
Contemporary
Listing Agency:
NextHome Prestige
(718) 980-2100
Listed By:
Dennis Shteiman
(646) 707-5486
Added: Sep 29
Changed: Oct 1
Last Checked: Oct 1 at 1:06PM
MLS# 2605512
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.
Investment Insights
Based on property information with market context.
This 3,592-square-foot mixed-use building has a 1,342-square-foot commercial unit on the ground floor, complete with a full bathroom. The second and third floors each contain a three-bedroom, two-bathroom residence; the upper residence also has two private terraces. Both homes include stainless steel appliances, quartz counters, gas stoves, room-by-room mini-split heating and air conditioning, and access to a private elevator. Separate utilities serve the property. The site also includes a backyard, a four-car driveway, and a detached one-car garage with electric vehicle charging capability. The building is vacant and awaiting its certificate of occupancy.
The property is in Midland Beach, near the beach, boardwalk, parks, shopping, public transit, Hylan Boulevard, and Father Capodanno Boulevard. The lot measures 0.0689 acres and the building is subject to R3-2 zoning.
The property is in Midland Beach, near the beach, boardwalk, parks, shopping, public transit, Hylan Boulevard, and Father Capodanno Boulevard. The lot measures 0.0689 acres and the building is subject to R3-2 zoning.
Key Highlights
- 3,592‑square‑foot mixed‑use building with 1,342 square feet of commercial space
- Two residences, each with 3 bedrooms and 2 bathrooms
- Second‑floor residence includes 2 private terraces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$81,079
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Mixed Use
$1.05M
$919.3K – $1.23M
NOI $73,546 @ 7.0% cap · market cap 4.94%
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.
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The three-level property combines a commercial unit with two residences and separate utilities throughout.
Where is this mixed-use property located?
The property is located at 295 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 with 1,342 square feet of commercial space; Two residences, each with 3 bedrooms and 2 bathrooms; Second‑floor residence includes 2 private terraces
