Two-Level Flex
For Sale
$699,000
4364A Victory Boulevard, Staten Island, NY 10314
Commercial, Staten Island, NY
Property Size2,208 SF
Lot Size0.03 Acres
Price / SF$316.58
Days on Market47
Property Features for 4364A Victory Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
M3-1
Subdivision
Travis
Standard status
Active
Size
2,208 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
11317
Amenities
Roof access
Building Details
Year built
2011
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Concrete
Building materials
Masonry
Roof type
Flat
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Jason Zhou · License #JZ1320
(347) 988-5318
Added: Aug 10
Changed: Sep 6
Last Checked: Sep 25 at 7:06AM
MLS# 503546
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.
Located at 4364A Victory Boulevard in Staten Island, this masonry flex property combines warehouse and office functions within a compact two-level building. The first floor contains 1,080 square feet of warehouse space, while the second floor provides a 1,080-square-foot office area. Each floor includes one half bath, and the building has a large overhead roll-up gate for material access. Roof access is also available.
Built in 2011, the property measures 24 feet by 46 feet and occupies a 25-foot by 46-foot lot. One assigned parking space is located at the rear. M3-1 zoning, concrete and hardwood flooring, and the combined industrial-office layout support a range of commercial operations requiring workspace, storage, and direct loading access.
Built in 2011, the property measures 24 feet by 46 feet and occupies a 25-foot by 46-foot lot. One assigned parking space is located at the rear. M3-1 zoning, concrete and hardwood flooring, and the combined industrial-office layout support a range of commercial operations requiring workspace, storage, and direct loading access.
Key Highlights
- 2,208 square feet combining warehouse and second‑floor office space
- 1,080 sq. ft. warehouse area plus 1,080 sq. ft. second‑floor office
- Large overhead roll‑up gate and roof access
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
$56,558
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
8.09%
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%
$1,131,160
$1.1M
Cap Rate 7%
$807,971
$808.0K
Cap Rate 9%
$628,422
$628.4K
Market Conditions
NOI Build-Up for 2,208 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
$94.9K $42.96/SF
− Vacancy
−$19.4K −$8.81/SF
EGI
$75.4K $34.15/SF
− OpEx
−$18.9K −$8.54/SF
NOI
$56.6K $25.61/SF
Area
ZIP 10314
Vacancy
20.50%
Lease Rate
$42.96 /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%
$1,131,160
Cap Rate 7%
$807,971
Cap Rate 9%
$628,422
Alternative Uses
Best Use
Office B
$808.0K
$707.0K – $942.6K
NOI $56,558 @ 7.0% cap · market cap 8.09%
Second Best
Warehouse
$527.8K
$461.8K – $615.8K
NOI $36,947 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$1.05M
$921.9K – $1.23M
NOI $73,748 @ 7.0% cap · market cap 10.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
281
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10314, NY
92,157
Population
33,554
Households
2.7
Avg Household Size
41
Median Age
37%
College-Educated
89%
High-School Grad
13.0 sq mi
ZIP Area
7,089
Density / Sq Mi
$104,655
Median Household Income
$58,769
Median Earnings
$1,726
Median Rent
$665,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Flex space - Warehouse and office configuration with roll-up access, roof access, and rear parking.
Where is this flex space located?
The property is located at 4364A Victory Boulevard Staten Island, NY.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 2,208 square feet combining warehouse and second‑floor office space; 1,080 sq. ft. warehouse area plus 1,080 sq. ft. second‑floor office; Large overhead roll‑up gate and roof access
