Mixed-Use Building with
For Sale
Contact for pricing
339 Lincoln Avenue, Staten Island, NY 10306
A fully occupied three-unit property combining street-level retail, office space, and a brick industrial warehouse.
Property Size4,475 SF
Price / SF$346.37
Days on Market64
Property Features for 339 Lincoln Avenue
General Information
Standard status
Active
Size
4,475 SF
Property subtype
Office, Retail
Net Operating Income
$70,820
Building Details
Units
3
Listing Agency:
Reliance Realty One
(917) 332-8987
Listed By:
Tsun Ming Lau · License #10301216684
Source:
Crexi
Added: Jun 18
Changed: Aug 8
Last Checked: Aug 19 at 8:30PM
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 Reliance Realty One
Investment Insights
Based on property information with market context.
This mixed-use property is configured with three fully occupied units. The first floor is home to an established retail nail salon with street visibility. The second floor provides a private office space suitable for professional services. At the rear of the deep lot, a standalone industrial warehouse is built with robust masonry brick construction and offers approximately 14-foot clear ceiling height, along with a 12-foot rollup door for storage, distribution, or contractor-style use.
The building is located at 339 Lincoln Avenue on Staten Island, positioned just blocks from the Grant City Staten Island Railway station. It is also described as being minutes from major traffic arteries, supporting convenient access for customers, staff, and deliveries.
For buyers and operators seeking a multi-use setup, this asset brings together retail, office, and warehouse functionality in one ownership. The presence of multiple unit types can broaden tenant fit, while the dedicated industrial space at the rear is designed for day-to-day warehousing and flexible operational needs tied to a rollup-door loading configuration. As presented, the property is fully leased across its three units, providing immediate occupancy.
The building is located at 339 Lincoln Avenue on Staten Island, positioned just blocks from the Grant City Staten Island Railway station. It is also described as being minutes from major traffic arteries, supporting convenient access for customers, staff, and deliveries.
For buyers and operators seeking a multi-use setup, this asset brings together retail, office, and warehouse functionality in one ownership. The presence of multiple unit types can broaden tenant fit, while the dedicated industrial space at the rear is designed for day-to-day warehousing and flexible operational needs tied to a rollup-door loading configuration. As presented, the property is fully leased across its three units, providing immediate occupancy.
Key Highlights
- Fully leased 3‑unit mixed‑use property at 339 Lincoln Ave with all units occupied
- Annual stated cash flow of $98,000 from the fully occupied units
- First‑floor retail nail salon with street‑level presence
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
$121,671
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
7.85%
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%
$2,433,420
$2.4M
Cap Rate 7%
$1,738,157
$1.7M
Cap Rate 9%
$1,351,900
$1.4M
Market Conditions
NOI Build-Up for 4,475 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
$204.1K $45.60/SF
− Vacancy
−$41.8K −$9.35/SF
EGI
$162.2K $36.25/SF
− OpEx
−$40.6K −$9.06/SF
NOI
$121.7K $27.19/SF
Area
ZIP 10306
Vacancy
20.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
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%
$2,433,420
Cap Rate 7%
$1,738,157
Cap Rate 9%
$1,351,900
Alternative Uses
Best Use
Office B
$1.74M
$1.52M – $2.03M
NOI $121,671 @ 7.0% cap · market cap 7.85%
Second Best
Retail
$1.38M
$1.20M – $1.61M
NOI $96,306 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$2.14M
$1.87M – $2.49M
NOI $149,466 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,539
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - A fully occupied three-unit property combining street-level retail, office space, and a brick industrial warehouse.
Where is this warehouse located?
The property is located at 339 Lincoln Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Fully leased 3‑unit mixed‑use property at 339 Lincoln Ave with all units occupied; Annual stated cash flow of $98,000 from the fully occupied units; First‑floor retail nail salon with street‑level presence
