Column-Free Warehouse with Drive-In
For Sale
Contact for pricing
388 South Ave, Staten Island, NY 10303
Office space and on-site parking complement the open warehouse floor.
Property Size5,625 SF
Price / SF$2.08
Days on Market40
Property Features for 388 South Ave
General Information
Standard status
Active
Size
5,625 SF
Warehouse & Industrial
Clear Height
21 ft
Clear Span
Yes
Warehouse Space
5,625 SF
Drive-In Doors
1
Additional Details
Property Use
Warehouse
Building Details
Year Built
1977
Listing Agency:
UNITED NATIONAL REALTY GROUP INC
Listed By:
Michael Dukhovny · License #1758598
(718) 979-8000
Source:
Gosenproperties
Added: Sep 24
Changed: Nov 1
Last Checked: Oct 31 at 11:45PM
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 UNITED NATIONAL REALTY GROUP INC
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Investment Insights
Based on property information with market context.
This 5,625-square-foot warehouse in Staten Island offers a column-free interior with 21-foot ceilings. A drive-in overhead door provides building access, and the property includes office space and parking.
The site is described as close to expressways and bridges. Built in 1977, the property combines warehouse space with supporting office area.
The site is described as close to expressways and bridges. Built in 1977, the property combines warehouse space with supporting office area.
Key Highlights
- 5,625 square feet of warehouse space
- 21‑foot ceilings and a column‑free interior
- Overhead drive‑in door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$119,283
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,385,660
$2.4M
Cap Rate 7%
$1,704,043
$1.7M
Cap Rate 9%
$1,325,367
$1.3M
Market Conditions
NOI Build-Up for 5,625 SF
Gross rent
$148.5K $26.40/SF
− Vacancy
−$8.2K −$1.45/SF
EGI
$140.3K $24.95/SF
− OpEx
−$21.0K −$3.74/SF
NOI
$119.3K $21.21/SF
Area
Staten Island, NY
Vacancy
5.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,385,660
Cap Rate 7%
$1,704,043
Cap Rate 9%
$1,325,367
Alternative Uses
Best Use
Warehouse
$1.70M
$1.49M – $1.99M
NOI $119,283 @ 7.0% cap · market cap 1,017.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.68M
$2.35M – $3.13M
NOI $187,876 @ 7.0% cap · market cap 1,603.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
21 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
791
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 10303, NY
28,155
Population
9,580
Households
2.9
Avg Household Size
34
Median Age
30%
College-Educated
83%
High-School Grad
3.2 sq mi
ZIP Area
8,798
Density / Sq Mi
$79,429
Median Household Income
$49,072
Median Earnings
$1,520
Median Rent
$457,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Warehouse - Office space and on-site parking complement the open warehouse floor.
Where is this warehouse located?
The property is located at 388 South Ave Staten Island, NY.
What are key features of this property?
This property features: 5,625 square feet of warehouse space; 21‑foot ceilings and a column‑free interior; Overhead drive‑in door
