Fully Occupied Staten Island
For Sale
Contact for pricing
3785 Victory Boulevard, Staten Island, NY 10314
8-unit shopping plaza in high-traffic Staten Island location.
Property Size8,000 SF
Lot Size0.46 Acres
Price / SF$374
Days on Market178
Property Features for 3785 Victory Boulevard
General Information
Standard status
Active
Size
8,000 SF
Lot size
0.46 Acres
Property subtype
Land
Zoning
M1-1
Building Details
Year Built
1987
Listing Agency:
Coldwell Banker Advantage
Listed By:
Hiram Oquendo · License #NY 10401307928
Source:
Crexi
Added: Feb 13
Changed: Aug 8
Last Checked: Aug 8 at 3:16PM
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 Coldwell Banker Advantage
Investment Insights
Based on property information with market context.
The Red Coach Shopping Plaza is an 8-unit, 8,000-square-foot building situated on a 20,000-square-foot lot with 20 parking spaces. This fully occupied, income-producing asset is located in the Mid-Island section of Staten Island, offering convenient access to the Staten Island Mall, multiple sports fields, and the West Shore Expressway (440). The location provides immediate access to the rest of Staten Island and the Outerbridge, leading to New Jersey. Surrounded by multiple commercial and manufacturing businesses on a high-traffic boulevard, this property presents major upside potential. The gross yearly income is $190,000, with expenses of $81,200, resulting in a net income of $108,800. There is room for capital improvements.
Key Highlights
- Fully occupied, income‑producing commercial property.
- High‑traffic location in the Mid‑Island section of Staten Island.
- Gross yearly income of $190,000 with a net of $108,800.
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
$153,720
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
5.12%
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%
$3,074,400
$3.1M
Cap Rate 7%
$2,196,000
$2.2M
Cap Rate 9%
$1,708,000
$1.7M
Market Conditions
NOI Build-Up for 8,000 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
$240.0K $30.00/SF
− Vacancy
−$20.4K −$2.55/SF
EGI
$219.6K $27.45/SF
− OpEx
−$65.9K −$8.24/SF
NOI
$153.7K $19.22/SF
Area
ZIP 10314
Vacancy
8.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
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%
$3,074,400
Cap Rate 7%
$2,196,000
Cap Rate 9%
$1,708,000
Alternative Uses
Best Use
Retail
$2.20M
$1.92M – $2.56M
NOI $153,720 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.82M
$3.34M – $4.45M
NOI $267,202 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
495
Businesses Nearby
487
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
FASTSIGNS
Shops & Services
487 visits/mo
0.1 miles
Demographics for 10314, NY
92,157
Population
33,554
Households
2.7
Avg Household Size
41
Median Age
37%
College-Educated
89%
High-School Grad
13.0 sq mi
ZIP Area
7,089
Density / Sq Mi
$104,655
Median Household Income
$58,769
Median Earnings
$1,726
Median Rent
$665,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Shopping center - 8-unit shopping plaza in high-traffic Staten Island location.
Where is this shopping center located?
The property is located at 3785 Victory Boulevard Staten Island, NY.
What is the asking price?
The asking price for this property is $2,999,999.
What are key features of this property?
This property features: Fully occupied, income‑producing commercial property.; High‑traffic location in the Mid‑Island section of Staten Island.; Gross yearly income of $190,000 with a net of $108,800.
