Mixed-Use Storefront
For Sale
Contact for pricing
434 Castleton Avenue, Staten Island, NY 10301
C-2-zoned property combines a ground-floor business space with a two-bedroom residential apartment.
Property Size2,200 SF
Price / SF$340.91
Days on Market158
Property Features for 434 Castleton Avenue
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Mixed Use
Zoning
C-2
Additional Details
Floor
Ground
Building Details
Year Built
1929
Buildings
1
Listing Agency:
Your Home Sold Guaranteed Rlty
Listed By:
Lavinia Randazzo · License #40RA0875365
Source:
Crexi
Added: Mar 27
Changed: Aug 30
Last Checked: Aug 30 at 11:03PM
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 Your Home Sold Guaranteed Rlty
Investment Insights
Based on property information with market context.
This mixed-use property contains a ground-floor commercial storefront and a two-bedroom apartment above, creating a combination of business and residential space within one building. The apartment may be convertible to a three-bedroom layout, subject to applicable requirements. A full basement adds substantial storage or expansion area.
Located at 434 Castleton Avenue in Staten Island, the property is zoned C-2 and was built in 1929. The building measures 2,200 square feet and offers a storefront configuration with an accompanying residential component.
Located at 434 Castleton Avenue in Staten Island, the property is zoned C-2 and was built in 1929. The building measures 2,200 square feet and offers a storefront configuration with an accompanying residential component.
Key Highlights
- 2,200‑square‑foot mixed‑use property
- Ground‑floor commercial storefront
- Two‑bedroom apartment above the 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
$48,787
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
6.50%
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%
$975,740
$975.7K
Cap Rate 7%
$696,957
$697.0K
Cap Rate 9%
$542,078
$542.1K
Market Conditions
NOI Build-Up for 2,200 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
$92.4K $42.00/SF
− Vacancy
−$3.7K −$1.68/SF
EGI
$88.7K $40.32/SF
− OpEx
−$39.9K −$18.14/SF
NOI
$48.8K $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%
$975,740
Cap Rate 7%
$696,957
Cap Rate 9%
$542,078
Alternative Uses
Best Use
Apartment 5plus
$697.0K
$609.8K – $813.1K
NOI $48,787 @ 7.0% cap · market cap 6.50%
Second Best
Retail
$676.4K
$591.8K – $789.1K
NOI $47,346 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$1.05M
$918.5K – $1.22M
NOI $73,480 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,177
Businesses Nearby
33k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 52%
Shops & Services 33%
Dining 15%
Key Food Marketplace
Groceries
17,252 visits/mo
0.4 miles
Santander Bank
Shops & Services
9,407 visits/mo
0.5 miles
Crumbl Cookies
Dining
4,985 visits/mo
0.4 miles
H&R Block
Shops & Services
1,314 visits/mo
0.4 miles
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 Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - C-2-zoned property combines a ground-floor business space with a two-bedroom residential apartment.
Where is this mixed-use property located?
The property is located at 434 Castleton Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $749,999.
What are key features of this property?
This property features: 2,200‑square‑foot mixed‑use property; Ground‑floor commercial storefront; Two‑bedroom apartment above the commercial space
