Flex Space with Overhead
New
For Sale
$699,000
4364A Victory Boulevard, Staten Island, NY 10314
COMMERCIAL - Staten Island, NY
Property Size2,160 SF
Lot Size0.03 Acres
Price / SF$316.58
Days on Market2
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
overhead roll-up gate
roof access
half bath on each floor
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
(718) 612-3088
Added: Aug 10
Last Checked: Aug 11 at 3:06AM
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.
This masonry flex property includes 1,080 square feet of warehouse space on the ground floor and a 1,080-square-foot office level above. Each floor has one half bath, creating a practical two-level configuration for commercial operations. The warehouse area includes a large overhead roll-up gate, while roof access adds another functional feature. Hardwood and concrete flooring are present, and the building has a flat roof.
Constructed in 2011, the property is located at 4364A Victory Boulevard in Staten Island, New York. One assigned parking space is provided at the rear. M3-1 zoning supports the property’s industrial-commercial classification as a flex space.
Constructed in 2011, the property is located at 4364A Victory Boulevard in Staten Island, New York. One assigned parking space is provided at the rear. M3-1 zoning supports the property’s industrial-commercial classification as a flex space.
Key Highlights
- 1,080‑square‑foot warehouse floor with large overhead roll‑up gate
- 1,080‑square‑foot second‑floor office area
- One half bath on each floor
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
Property Profile
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Masonry flex property combining warehouse and office areas with rear parking, separate half baths, and roof access.
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: 1,080‑square‑foot warehouse floor with large overhead roll‑up gate; 1,080‑square‑foot second‑floor office area; One half bath on each floor
