Two-Level Flex
New
For Sale
$699,000
4368A Victory Blvd, Staten Island, NY 10314
Fire-resistant flex property combining warehouse, office, parking, and roof access in one efficient configuration.
Property Size2,208 SF
Lot Size0.03 Acres
Price / SF$323.61
Days on Market6
Property Features for 4368A Victory Blvd
General Information
Standard status
Active
Size
2,208 SF
Total Parking Spaces
1
Lot size
0.03 Acres
Property subtype
Industrial
Warehouse & Industrial
Warehouse Space
1,080 SF
Office Build-Out
1,080 SF
Additional Details
Office Units
1
Taxes and HOA fees
Annual Taxes
$11,513
Amenities
overhead rolls up gate
roof access
Building Details
Building Size
2,208 SF
Year Built
2010
Buildings
1
Stories
2
Listing Agency:
Womcore LLC dba Remax Edge
(718) 612-3088
Listed By:
Ivan Li
(718) 612-3088
Source:
Elliman
Added: Aug 11
Changed: Aug 14
Last Checked: Aug 16 at 6:58AM
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 Womcore LLC dba Remax Edge
Investment Insights
Based on property information with market context.
Located at 4368A Victory Blvd, this 2010-built flex property combines warehouse and office functions within a two-level, fire-proof building. The warehouse occupies 1,080 square feet, with an additional 1,080-square-foot office level above. Each floor includes one half bath, while a large overhead roll-up gate supports access to the warehouse area. Roof access and one assigned rear parking space are also included.
The building measures 24' × 46' and sits on a 25' × 46' lot. A second property at 4364A Victory Blvd is also available with the same layout, offering an additional acquisition option for users seeking comparable space.
The building measures 24' × 46' and sits on a 25' × 46' lot. A second property at 4364A Victory Blvd is also available with the same layout, offering an additional acquisition option for users seeking comparable space.
Key Highlights
- 1,080 sq. ft. warehouse plus 1,080 sq. ft. second‑floor office
- 24' × 46' building on a 25' × 46' lot
- Fire‑proof construction with large overhead roll‑up gate
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
$55,328
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
7.92%
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%
$1,106,560
$1.1M
Cap Rate 7%
$790,400
$790.4K
Cap Rate 9%
$614,756
$614.8K
Market Conditions
NOI Build-Up for 2,160 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
$92.8K $42.96/SF
− Vacancy
−$19.0K −$8.81/SF
EGI
$73.8K $34.15/SF
− OpEx
−$18.4K −$8.54/SF
NOI
$55.3K $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%
$1,106,560
Cap Rate 7%
$790,400
Cap Rate 9%
$614,756
Alternative Uses
Best Use
Office B
$790.4K
$691.6K – $922.1K
NOI $55,328 @ 7.0% cap · market cap 7.92%
Second Best
Warehouse
$516.3K
$451.8K – $602.4K
NOI $36,143 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$1.03M
$901.8K – $1.20M
NOI $72,144 @ 7.0% cap · market cap 10.32%
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Fire-resistant flex property combining warehouse, office, parking, and roof access in one efficient configuration.
Where is this flex space located?
The property is located at 4368A Victory Blvd 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 sq. ft. warehouse plus 1,080 sq. ft. second‑floor office; 24' × 46' building on a 25' × 46' lot; Fire‑proof construction with large overhead roll‑up gate
