Flex Space with
For Sale
$699,000
4368A Victory Boulevard, Staten Island, NY 10314
Commercial, Staten Island, NY
Property Size2,160 SF
Lot Size0.03 Acres
Price / SF$316.58
Days on Market47
Property Features for 4368A Victory Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
M3-1
Parking features
Carport
Subdivision
Travis
Standard status
Active
Size
2,208 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
11513
Amenities
overhead rolls up gate
roof access
half bath on each floor
Building Details
Year built
2010
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Concrete
Building materials
Brick, 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 16
Last Checked: Sep 25 at 6:06AM
MLS# 503578
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 fire-resistant flex property provides 2,208 square feet across a warehouse level and second-floor office, creating a practical two-level commercial layout. The building includes one half bath on each floor, a full-size overhead roll-up gate, roof access, concrete and hardwood flooring, and brick and masonry construction. A flat roof and one assigned rear parking space are also included.
The property occupies a 0.0279-acre lot at 4368A Victory Boulevard in Staten Island, New York. M3-1 zoning supports its industrial classification. Built in 2010, the unit offers a compact configuration for operations requiring warehouse and office components within the same building.
The property occupies a 0.0279-acre lot at 4368A Victory Boulevard in Staten Island, New York. M3-1 zoning supports its industrial classification. Built in 2010, the unit offers a compact configuration for operations requiring warehouse and office components within the same building.
Key Highlights
- 2,208 square feet arranged as warehouse and second‑floor office space
- M3‑1 zoning in Staten Island, NY
- 24' * 46' building on a 25' * 46' lot
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 - Two-level commercial unit combines industrial work area, office accommodation, roof access, and rear parking.
Where is this flex space located?
The property is located at 4368A 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 arranged as warehouse and second‑floor office space; M3‑1 zoning in Staten Island, NY; 24' * 46' building on a 25' * 46' lot
