Mixed-Use Property with
For Sale
Contact for pricing
Pending
40 Brook Street, Staten Island, NY 10301
The property combines residential units with a dedicated storefront for a mixed-use configuration.
Property Size3,976 SF
Days on Market226
Property Features for 40 Brook Street
General Information
Standard status
Pending
Size
3,976 SF
Property subtype
Business for Sale, Multifamily, Retail, Mixed Use
Zoning
R5
Building Details
Year Built
1899
Buildings
2
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Qin Lin Zhang · License #10401331758
Source:
Crexi
Added: Jan 17
Changed: Aug 30
Last Checked: Aug 30 at 8:36PM
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 Robert DeFalco Realty, Inc.
Investment Insights
Based on property information with market context.
This R5-zoned mixed-use property contains 3,976 square feet and was built in 1899. The building combines three residential units with a storefront, creating a configuration that accommodates both housing and commercial space within one property. The residential component includes one 1-bedroom unit, one 2-bedroom unit, and one 4-bedroom unit.
Located at 40 Brook Street in Staten Island, the property is currently vacant. Its existing combination of residential accommodations and storefront space provides a clearly defined mixed-use layout, while the varied bedroom count distinguishes the residential portion by unit size.
Located at 40 Brook Street in Staten Island, the property is currently vacant. Its existing combination of residential accommodations and storefront space provides a clearly defined mixed-use layout, while the varied bedroom count distinguishes the residential portion by unit size.
Key Highlights
- 3,976 SF mixed‑use property with residential units and a storefront
- R5 zoning
- Three residential units with 1‑bedroom, 2‑bedroom, and 4‑bedroom layouts
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
$88,172
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
8.92%
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%
$1,763,440
$1.8M
Cap Rate 7%
$1,259,600
$1.3M
Cap Rate 9%
$979,689
$979.7K
Market Conditions
NOI Build-Up for 3,976 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
$167.0K $42.00/SF
− Vacancy
−$6.7K −$1.68/SF
EGI
$160.3K $40.32/SF
− OpEx
−$72.1K −$18.14/SF
NOI
$88.2K $22.18/SF
Area
Staten Island, NY
Vacancy
4.00%
Lease Rate
$42.00 /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%
$1,763,440
Cap Rate 7%
$1,259,600
Cap Rate 9%
$979,689
Alternative Uses
Best Use
Multifamily LT 5
$1.41M
$1.24M – $1.65M
NOI $98,876 @ 7.0% cap · market cap 10.01%
Second Best
Apartment 5plus
$1.26M
$1.10M – $1.47M
NOI $88,172 @ 7.0% cap · market cap 8.92%
Theoretical Best
Office A
$1.90M
$1.66M – $2.21M
NOI $132,799 @ 7.0% cap · market cap 13.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,839
Businesses Nearby
Explore this area
Business Placement
Demographics for 10301, NY
41,474
Population
16,631
Households
2.5
Avg Household Size
40
Median Age
38%
College-Educated
88%
High-School Grad
3.8 sq mi
ZIP Area
10,914
Density / Sq Mi
$84,937
Median Household Income
$50,140
Median Earnings
$1,697
Median Rent
$657,000
Median Home Value
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 property combines residential units with a dedicated storefront for a mixed-use configuration.
Where is this mixed-use property located?
The property is located at 40 Brook Street Staten Island, NY.
What is the asking price?
The asking price for this property is $988,000.
What are key features of this property?
This property features: 3,976 SF mixed‑use property with residential units and a storefront; R5 zoning; Three residential units with 1‑bedroom, 2‑bedroom, and 4‑bedroom layouts
