Mixed-Use Property on Arthur
For Sale
Contact for pricing
4924 ARTHUR KILL RD, Staten Island, NY 10309
Unique mixed-use property with income potential and flexible zoning.
Property Size3,088 SF
Lot Size0.32 Acres
Price / SF$582.90
Days on Market115
Property Features for 4924 ARTHUR KILL RD
General Information
Standard status
Active
Size
3,088 SF
Lot size
0.32 Acres
Property subtype
Multifamily, Industrial
Zoning
M1-1
Building Details
Year Built
1899
Buildings
1
Stories
3
Units
2
Listing Agency:
RJM Realty Empire
Listed By:
Melsa Skrapalliu · License #NY
Source:
Crexi
Added: May 13
Changed: Sep 1
Last Checked: Sep 1 at 11:50AM
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 RJM Realty Empire
Investment Insights
Based on property information with market context.
This mixed-use property, offered for sale, is situated on a 0.32-acre lot (13,912 sq. ft.) with dimensions of 94 x 148. The property is zoned M1-1 (Light Manufacturing), allowing for a variety of commercial, industrial, and storage uses. At the center of the property is a Victorian Colonial two-family home. The first floor has two bedrooms, and the second floor also has two bedrooms. The third-floor living space includes two additional rooms, a full bathroom, and a kitchen. There is an exit-level basement apartment. The current rental income is $4,400 per month. The remaining portion of the property will be delivered vacant. The property is ideal for owner-users, redevelopment, storage, contractor yards, or industrial use. Located near Arthur Kill Road, the property offers accessibility to major transportation routes and industrial corridors. The combination of residential income and industrial zoning creates a live/work or investment opportunity. The property size is 3,088 square feet.
Key Highlights
- Unique mixed‑use property with M1‑1 zoning, ideal for owner‑user, redevelopment, storage, contractor yard, or industrial use.
- Charming Victorian Colonial two‑family home with rental income potential.
- Flexible M1‑1 zoning allows for a variety of commercial, industrial, and storage uses.
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
$76,793
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
4.27%
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%
$1,535,860
$1.5M
Cap Rate 7%
$1,097,043
$1.1M
Cap Rate 9%
$853,256
$853.3K
Market Conditions
NOI Build-Up for 3,088 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
$114.9K $37.20/SF
− Vacancy
−$5.2K −$1.67/SF
EGI
$109.7K $35.53/SF
− OpEx
−$32.9K −$10.66/SF
NOI
$76.8K $24.87/SF
Area
Staten Island, NY
Vacancy
4.50%
Lease Rate
$37.20 /SF/Yr
Expense Ratio
30.00%
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%
$1,535,860
Cap Rate 7%
$1,097,043
Cap Rate 9%
$853,256
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$959.9K – $1.28M
NOI $76,793 @ 7.0% cap · market cap 4.27%
Second Best
Apartment 5plus
$978.3K
$856.0K – $1.14M
NOI $68,479 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,140 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
892
Businesses Nearby
Explore this area
Business Placement
Demographics for 10309, NY
33,523
Population
12,770
Households
2.6
Avg Household Size
41
Median Age
40%
College-Educated
92%
High-School Grad
7.3 sq mi
ZIP Area
4,592
Density / Sq Mi
$123,638
Median Household Income
$67,348
Median Earnings
$1,907
Median Rent
$745,500
Median Home Value
Market
Vacancy Rate% for Multifamily 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?
Mixed-use property - Unique mixed-use property with income potential and flexible zoning.
Where is this mixed-use property located?
The property is located at 4924 ARTHUR KILL RD Staten Island, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Unique mixed‑use property with M1‑1 zoning, ideal for owner‑user, redevelopment, storage, contractor yard, or industrial use.; Charming Victorian Colonial two‑family home with rental income potential.; Flexible M1‑1 zoning allows for a variety of commercial, industrial, and storage uses.
