Commercial Buildings with Tax
4368a & 4370a Victory Boulevard, Staten Island, NY 10314
Two commercial buildings with warehouse and office space for sale.
Type:Industrial
Property size:
4,320 SFPrice / SF:
$300/SF- Added:
- May 14, 2026
- Days on Market:
- 15
- Last Refresh:
- May 16 at 8:49 pm
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 agent Scott Dobrin
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
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.
- Separate utilities for each building.
- Large overhead roll‑up gate access for each building.
- Full masonry construction.
Overview
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.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$1.23M
NOI $110,656 @ 9.00% cap · cautious / downside scenario
Moderate
$1.58M
NOI $110,656 @ 7.00% cap · market / base-case scenario
Aggressive
$2.21M
NOI $110,656 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $185.6k | $42.96 |
| − Vacancy | −$38.0k | −$8.81 |
| EGI | $147.5k | $34.15 |
| − OpEx | −$36.9k | −$8.54 |
| NOI | $110.7k | $25.61 |
4,320 SF · lease $42.96/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$1.58M
$1.38M – $1.84M
NOI $110,656 @ 7.0% cap · market cap 8.51%
Second Best
Warehouse
$1.03M
$903.6K – $1.20M
NOI $72,287 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$2.06M
$1.80M – $2.40M
NOI $144,289 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Flex space
Location Insight
- Map
- Local Demand
- City
- Staten Island
- County
- Richmond
- State
- New York
- Longitude
- -74.197501
- Latitude
- 40.587604
Nearby Similar for Sale
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.
