Renovated Mixed-Use
For Sale
Contact for pricing
415 Jersey Street, Staten Island, NY 10301
R5-zoned building with residential units and an occupied commercial space at street level.
Property Size2,970 SF
Price / SF$286.20
Days on Market237
Property Features for 415 Jersey Street
General Information
Standard status
Active
Size
2,970 SF
Property subtype
Business for Sale, Multifamily, Mixed Use
Zoning
R5
Building Details
Year Built
1920
Buildings
1
Listing Agency:
Top Choice Realty LLC
Listed By:
Ola Tleis · License #10401350313
(929) 488-3666
Source:
Crexi
Added: Jan 9
Changed: Aug 29
Last Checked: Sep 3 at 11:13AM
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 Top Choice Realty LLC
Investment Insights
Based on property information with market context.
This 2,970-square-foot mixed-use property at 415 Jersey Street in Staten Island includes residential units above a commercial area on the ground floor. Built in 1920 and fully renovated, the building is positioned for continued operation with updated improvements already completed.
The commercial component is occupied, while the residential units may be delivered vacant for future leasing. The property is zoned R5 and may also be acquired as part of a package with 419-421 Jersey Street.
The commercial component is occupied, while the residential units may be delivered vacant for future leasing. The property is zoned R5 and may also be acquired as part of a package with 419-421 Jersey Street.
Key Highlights
- 2,970‑square‑foot mixed‑use property at 415 Jersey Street, Staten Island, NY 10301
- Fully renovated building originally constructed in 1920
- Occupied ground‑floor commercial space
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
$65,863
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
7.75%
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%
$1,317,260
$1.3M
Cap Rate 7%
$940,900
$940.9K
Cap Rate 9%
$731,811
$731.8K
Market Conditions
NOI Build-Up for 2,970 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
$124.7K $42.00/SF
− Vacancy
−$5.0K −$1.68/SF
EGI
$119.8K $40.32/SF
− OpEx
−$53.9K −$18.14/SF
NOI
$65.9K $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%
$1,317,260
Cap Rate 7%
$940,900
Cap Rate 9%
$731,811
Alternative Uses
Best Use
Apartment 5plus
$940.9K
$823.3K – $1.10M
NOI $65,863 @ 7.0% cap · market cap 7.75%
Second Best
Mixed Use
$840.1K
$735.1K – $980.1K
NOI $58,806 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,199 @ 7.0% cap · market cap 11.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,791
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 - R5-zoned building with residential units and an occupied commercial space at street level.
Where is this mixed-use property located?
The property is located at 415 Jersey Street Staten Island, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 2,970‑square‑foot mixed‑use property at 415 Jersey Street, Staten Island, NY 10301; Fully renovated building originally constructed in 1920; Occupied ground‑floor commercial space
