Tenant-Occupied Restaurant with
For Sale
$550,000
4018 Hylan Boulevard, Staten Island, NY 10308
Commercial, Staten Island, NY
Property Size960 SF
Lot Size0.05 Acres
Price / SF$572.92
Days on Market92
Property Features for 4018 Hylan Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R3-1
Subdivision
Eltingville
Standard status
Active
Size
960 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
7013
Building Details
Year built
1986
Floors in Building
1
Building materials
Brick
Roof type
Flat
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Xu (Susan) Chen
(718) 758-5838
Added: Jun 11
Changed: Sep 7
Last Checked: Sep 10 at 10:06PM
MLS# 502224
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 960-square-foot brick commercial building was constructed in 1986 and is configured for restaurant use. The property includes a flat roof, six private parking spaces, and an operating Chinese-Vietnamese restaurant occupying the premises. The building measures 16x60, while the lot measures 18x120.
The property is positioned on Hylan Boulevard in Staten Island, NY, within a commercial corridor identified for high vehicle activity and visibility. Zoning is R3-1. The existing tenancy includes a 3% annual rent escalation, providing a defined contractual increase over time. The combination of an established restaurant operation, dedicated parking, and a compact commercial footprint supports continued restaurant use at the site.
The property is positioned on Hylan Boulevard in Staten Island, NY, within a commercial corridor identified for high vehicle activity and visibility. Zoning is R3-1. The existing tenancy includes a 3% annual rent escalation, providing a defined contractual increase over time. The combination of an established restaurant operation, dedicated parking, and a compact commercial footprint supports continued restaurant use at the site.
Key Highlights
- 960 square feet of building area on an 18x120 lot
- Six private parking spaces
- Operating Chinese‑Vietnamese restaurant currently occupies the property
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
$23,177
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
4.21%
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%
$463,540
$463.5K
Cap Rate 7%
$331,100
$331.1K
Cap Rate 9%
$257,522
$257.5K
Market Conditions
NOI Build-Up for 960 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
$33.4K $34.80/SF
− Vacancy
−$2.5K −$2.61/SF
EGI
$30.9K $32.19/SF
− OpEx
−$7.7K −$8.05/SF
NOI
$23.2K $24.14/SF
Area
Staten Island, NY
Vacancy
7.50%
Lease Rate
$34.80 /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%
$463,540
Cap Rate 7%
$331,100
Cap Rate 9%
$257,522
Alternative Uses
Best Use
Specialty Retail
$331.1K
$289.7K – $386.3K
NOI $23,177 @ 7.0% cap · market cap 4.21%
Second Best
Retail
$295.1K
$258.3K – $344.3K
NOI $20,660 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$458.1K
$400.8K – $534.4K
NOI $32,064 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
812
Businesses Nearby
9k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 64%
Dining 36%
Dunkin' Donuts
Dining
3,334 visits/mo
0.1 miles
Shell
Shops & Services
3,102 visits/mo
0.4 miles
M&T Bank
Shops & Services
2,091 visits/mo
0.2 miles
Napa Auto Parts
Shops & Services
786 visits/mo
0.3 miles
Demographics for 10308, NY
28,198
Population
11,093
Households
2.5
Avg Household Size
44
Median Age
40%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
12,817
Density / Sq Mi
$122,654
Median Household Income
$67,149
Median Earnings
$1,729
Median Rent
$648,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Brick commercial building occupied by an operating Chinese-Vietnamese restaurant with established tenancy.
Where is this conventional restaurant located?
The property is located at 4018 Hylan Boulevard Staten Island, NY.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 960 square feet of building area on an 18x120 lot; Six private parking spaces; Operating Chinese‑Vietnamese restaurant currently occupies the property
