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Commercial Buildings with Tax Abatement

4368a & 4370a Victory Boulevard Staten Island, NY 10314

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For Sale
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Two commercial buildings with warehouse and office space for sale.

Type:Industrial
Property size:
4,320 SF
Price / SF:
$300.93/SF
Added:
May 14, 2026
Days on Market:
62
Last Refresh:
Jul 4 at 9:22 am

Property Features for 4368a & 4370a Victory Boulevard

General Information

Standard status
Active
Size
4,320 SF
Property subtype
Industrial

Building Details

Year Built
2015

Listing office SCOTT DOBRIN REALTY

Listing date May 14, 2026

Source Crexi

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 SCOTT DOBRIN REALTY


Investment Insights

Based on property information with market context.

Two commercial buildings are being sold together, located at 4368A and 4370A Victory Blvd. Each building has a separate deed. The buildings, identified as 2661-12 and 2661-10, each feature warehouse and office space. The total property size is 4320 square feet. Each building is equipped with separate utilities, a large overhead roll-up gate, and roof access. The construction is full masonry. The property at 4370A Victory Blvd benefits from a tax abatement until 2040.

Key Highlights

  • Tax abated until 2040 (4370A Victory Blvd).
  • Two commercial buildings being sold together, offering flexibility and potential for expansion.
  • Each building has a warehouse and office space.

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $88.1k $20.40
− Vacancy −$3.1k −$0.71
EGI $85.0k $19.69
− OpEx −$12.8k −$2.95
NOI $72.3k $16.73
4,320 SF · lease $20.40/SF/yr · vacancy 3.50% · expense 15.00%

Alternative Uses

Best Use
Warehouse
$1.03M
$903.6K – $1.20M (±1% cap)
NOI $72,287 @ 7.0% cap · market cap 5.56%
Second Best
Flex RnD
$1.00M
$875.7K – $1.17M (±1% cap)
NOI $70,054 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$2.06M
$1.80M – $2.40M (±1% cap)
NOI $144,289 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Law Firm Real Estate Agency Pharmacy Dental Office Hair Salon HVAC Service Furniture & Home Goods Nail Salon Barber Shop Kitchen & Bath Showroom

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Flex space - Two commercial buildings with warehouse and office space for sale.
Where is this flex space located?
The property is located at 4368a & 4370a Victory Boulevard Staten Island, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Tax abated until 2040 (4370A Victory Blvd).; Two commercial buildings being sold together, offering flexibility and potential for expansion.; Each building has a warehouse and office space.
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