Versatile Commercial Property For
For Sale
$1,450,000
360 BROADWAY, Staten Island, NY 10310
Single-story commercial building with office space and high ceilings.
Property Size3,200 SF
Lot Size0.14 Acres
Price / SF$453.13
Days on Market166
Property Features for 360 BROADWAY
General Information
Standard status
Active
Size
3,200 SF
Lot size
0.14 Acres
Property subtype
General Commercial
Amenities
Hardwood, Laminate
3
Flat
Building Details
Year Built
1967
Listing Agency:
Re/Max Real Estate Professiona
(718) 872-5522
Listed By:
Huizhen Li
(718) 872-5522
Source:
Xome
Added: Mar 19
Changed: Aug 25
Last Checked: Aug 30 at 3:39PM
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 Re/Max Real Estate Professiona
Investment Insights
Based on property information with market context.
This single-story commercial property is situated on a 50x125 lot and features a 50x88 building designed for flexible commercial use. The first floor includes a 700 square foot office space with a bathroom. The second floor offers a 600 square foot conference room suitable for meetings or additional workspace. The property features approximately 22-foot high ceilings, providing ample vertical clearance for equipment, storage, or specialized operations. Front and back yard parking accommodates large trucks and multiple vehicles, adding to the property’s functionality and accessibility. It is ideal for a mechanical shop, body shop, or similar business looking for a well-equipped space. The property tax is $16,758. The location has a bike score of 51, walk score of 57, and transit score of 56.
Key Highlights
- Versatile commercial property suitable for various businesses.
- High ceilings (approximately 22 feet) ideal for equipment or storage.
- Ample parking in front and back yards, accommodating large trucks.
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
$73,267
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
5.05%
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%
$1,465,340
$1.5M
Cap Rate 7%
$1,046,671
$1.0M
Cap Rate 9%
$814,078
$814.1K
Market Conditions
NOI Build-Up for 3,200 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
$122.9K $38.40/SF
− Vacancy
−$25.2K −$7.87/SF
EGI
$97.7K $30.53/SF
− OpEx
−$24.4K −$7.63/SF
NOI
$73.3K $22.90/SF
Area
Staten Island, NY
Vacancy
20.50%
Lease Rate
$38.40 /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%
$1,465,340
Cap Rate 7%
$1,046,671
Cap Rate 9%
$814,078
Alternative Uses
Best Use
Office B
$1.05M
$915.8K – $1.22M
NOI $73,267 @ 7.0% cap · market cap 5.05%
Second Best
Retail
$983.8K
$860.8K – $1.15M
NOI $68,867 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $106,881 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,907
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10310, NY
26,667
Population
9,909
Households
2.7
Avg Household Size
37
Median Age
31%
College-Educated
88%
High-School Grad
1.8 sq mi
ZIP Area
14,815
Density / Sq Mi
$106,118
Median Household Income
$57,861
Median Earnings
$1,638
Median Rent
$623,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Single-story commercial building with office space and high ceilings.
Where is this warehouse located?
The property is located at 360 BROADWAY Staten Island, NY.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Versatile commercial property suitable for various businesses.; High ceilings (approximately 22 feet) ideal for equipment or storage.; Ample parking in front and back yards, accommodating large trucks.
