Renovated Mixed-Use Restaurant
For Sale
Contact for pricing
60-62 Van Duzer Street, Staten Island, NY 10301
Two residential apartments complement a vacant restaurant space with flexible storefront configuration.
Property Size4,299 SF
Price / SF$324.49
Days on Market348
Property Features for 60-62 Van Duzer Street
General Information
Standard status
Active
Size
4,299 SF
Property subtype
Business for Sale, Multifamily, Mixed Use, Retail
Zoning
R3-2
Units
Unit Mix
2 x 2BR/1BA with den
Multifamily Units
2
Additional Details
Floor
Ground
Road Access
Yes
Building Details
Year Built
1931
Buildings
2
Units
3
Listing Agency:
PreReal Prendamano Real Estate
(718) 816-7799
Listed By:
Robert Nixon · License #10401253010
Source:
Crexi
Added: Sep 18, 2025
Changed: Aug 31
Last Checked: Aug 31 at 2:49AM
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 PreReal Prendamano Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property contains 4,299 square feet and was built in 1931. The renovated ground-floor restaurant will be delivered vacant at closing and can be configured as multiple storefronts. Two residential units occupy the second and third floors; each includes two bedrooms, one bathroom, and a den. The apartments are separately metered and occupied by tenants.
An additional rear building is fully occupied, adding another income-producing component to the property. The asset is located at 60-62 Van Duzer Street in Staten Island and is zoned R3-2.
An additional rear building is fully occupied, adding another income-producing component to the property. The asset is located at 60-62 Van Duzer Street in Staten Island and is zoned R3-2.
Key Highlights
- 4,299‑square‑foot mixed‑use property built in 1931
- Renovated ground‑floor restaurant delivered vacant at closing
- Ground‑floor commercial space can be subdivided into multiple storefronts
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
$103,789
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
7.44%
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%
$2,075,780
$2.1M
Cap Rate 7%
$1,482,700
$1.5M
Cap Rate 9%
$1,153,211
$1.2M
Market Conditions
NOI Build-Up for 4,299 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
$149.6K $34.80/SF
− Vacancy
−$11.2K −$2.61/SF
EGI
$138.4K $32.19/SF
− OpEx
−$34.6K −$8.05/SF
NOI
$103.8K $24.14/SF
Area
Staten Island, NY
Vacancy
7.50%
Lease Rate
$34.80 /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%
$2,075,780
Cap Rate 7%
$1,482,700
Cap Rate 9%
$1,153,211
Alternative Uses
Best Use
Specialty Retail
$1.48M
$1.30M – $1.73M
NOI $103,789 @ 7.0% cap · market cap 7.44%
Second Best
Apartment 5plus
$1.36M
$1.19M – $1.59M
NOI $95,335 @ 7.0% cap · market cap 6.83%
Theoretical Best
Office A
$2.05M
$1.79M – $2.39M
NOI $143,588 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,765
Businesses Nearby
Explore this area
Business Placement
Demographics for 10301, NY
41,474
Population
16,631
Households
2.5
Avg Household Size
40
Median Age
38%
College-Educated
88%
High-School Grad
3.8 sq mi
ZIP Area
10,914
Density / Sq Mi
$84,937
Median Household Income
$50,140
Median Earnings
$1,697
Median Rent
$657,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two residential apartments complement a vacant restaurant space with flexible storefront configuration.
Where is this mixed-use property located?
The property is located at 60-62 Van Duzer Street Staten Island, NY.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: 4,299‑square‑foot mixed‑use property built in 1931; Renovated ground‑floor restaurant delivered vacant at closing; Ground‑floor commercial space can be subdivided into multiple storefronts
