Leased Retail Shopping
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For Sale
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435 Tompkins Ave, Staten Island, NY 10305
Fully occupied retail center with Dollar Tree, Taco Bell, and Go Easy Laundry as tenants.
Property Size19,654 SF
Price / SF$305.28
Days on Market7
Property Features for 435 Tompkins Ave
General Information
Standard status
Active
Size
19,654 SF
Property subtype
RETAIL
Zoning
M3-1
Occupancy
100%
Net Operating Income
$421,994
Additional Details
Gross Income
$935,280
Anchor Co-Tenants
Dollar Tree, Taco Bell, Go Easy Laundry
Building Details
Tenancy
Multi
Listing Agency:
Prendamano Real Estate (PreReal)
(718) 200-7799
Listed By:
Robert Nixon · License #10401253010
(718) 866-8683
Source:
Moodyscre
Added: Sep 21
Changed: Sep 22
Last Checked: Sep 26 at 12:23PM
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 Prendamano Real Estate (PreReal)
Investment Insights
Based on property information with market context.
This approximately 19,654-square-foot shopping center at 435 Tompkins Ave in Staten Island is fully leased and occupied by a mix of retail, food service, and laundry users. The tenant roster includes Dollar Tree, Taco Bell, and Go Easy Laundry, providing a range of established operating concepts within the property.
The property is supported by a recorded REA that addresses shared parking and coordination with the adjacent self-storage property. M3-1 zoning applies to the site, and the asset is offered for sale as an occupied retail property.
The property is supported by a recorded REA that addresses shared parking and coordination with the adjacent self-storage property. M3-1 zoning applies to the site, and the asset is offered for sale as an occupied retail property.
Key Highlights
- Approximately 19,654 SF of gross building area
- 100% leased retail center
- Tenant roster includes Dollar Tree, Taco Bell, and Go Easy Laundry
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
$377,652
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
6.29%
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%
$7,553,040
$7.6M
Cap Rate 7%
$5,395,029
$5.4M
Cap Rate 9%
$4,196,133
$4.2M
Market Conditions
NOI Build-Up for 19,654 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
$589.6K $30.00/SF
− Vacancy
−$50.1K −$2.55/SF
EGI
$539.5K $27.45/SF
− OpEx
−$161.9K −$8.24/SF
NOI
$377.7K $19.22/SF
Area
ZIP 10305
Vacancy
8.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
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%
$7,553,040
Cap Rate 7%
$5,395,029
Cap Rate 9%
$4,196,133
Alternative Uses
Best Use
Retail
$5.40M
$4.72M – $6.29M
NOI $377,652 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.38M
$8.21M – $10.94M
NOI $656,448 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
956
Businesses Nearby
60k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Groceries 22%
Dining 5%
Electronics 1%
Dollar Tree
Shops & Services
22,368 visits/mo
0.0 miles
Market Fresh Supermarket
Groceries
13,349 visits/mo
0.3 miles
Speedway
Shops & Services
11,319 visits/mo
0.3 miles
Clean Rite Center
Shops & Services
3,297 visits/mo
0.2 miles
CubeSmart Self Storage
Shops & Services
2,672 visits/mo
0.2 miles
Demographics for 10305, NY
44,008
Population
16,850
Households
2.6
Avg Household Size
41
Median Age
32%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
11,002
Density / Sq Mi
$86,294
Median Household Income
$52,183
Median Earnings
$1,656
Median Rent
$627,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Dollar & Up Super Store — 1277 Bay St, Staten Island, NY 10305
Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied retail center with Dollar Tree, Taco Bell, and Go Easy Laundry as tenants.
Where is this shopping center located?
The property is located at 435 Tompkins Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $5,999,999.
What are key features of this property?
This property features: Approximately 19,654 SF of gross building area; 100% leased retail center; Tenant roster includes Dollar Tree, Taco Bell, and Go Easy Laundry
