Building Details

Year Built 1931

Buildings 1

Stories 2

Listing Agency: Tiger Realty

Listed By: Louie Chan Show Phone

Source: Prideestates

Added: Oct 19 Last Checked: Oct 19 at 3:38AM

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Investment Insights

Based on property information with market context.

This two-story auto shop property includes a commercial storefront at street level. The building contains approximately 3,006 square feet and was built in 1931. It sits on a 7,380-square-foot lot measuring 90 × 82 feet.

The property is near Dongan Street in Staten Island. Walk Score is 79, Bike Score is 50, and Transit Score is 65.

Key Highlights

• Two‑story building with one ground‑floor commercial storefront
• Approximately 3,006 square feet of building area
• 7,380‑square‑foot lot measuring 90 × 82 feet

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$64,692

Cap Rate

3.50%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,293,840 $1.3M

Cap Rate 7%

$924,171 $924.2K

Cap Rate 9%

$718,800 $718.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,006 SF

Gross rent

$101.0K $33.60/SF

− Vacancy

−$8.6K −$2.86/SF

EGI

$92.4K $30.74/SF

− OpEx

−$27.7K −$9.22/SF

NOI

$64.7K $21.52/SF

Area

Staten Island, NY

Vacancy

8.50%

Lease Rate

$33.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,293,840

Cap Rate 7%

$924,171

Cap Rate 9%

$718,800

Alternative Uses

Best Use

Retail

$924.2K

$808.7K – $1.08M (±1% cap)

NOI $64,692 @ 7.0% cap · market cap 3.50%

Second Best

Industrial

$678.2K

$593.4K – $791.2K (±1% cap)

NOI $47,471 @ 7.0% cap · market cap 2.57%

Theoretical Best

Office A

$1.43M

$1.26M – $1.67M (±1% cap)

NOI $100,401 @ 7.0% cap · market cap 5.43%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Automaster Land LLC Auto Repair Shop

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage (Bike/Boat/Book/etc) Store Dental Office Accounting Firm Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,875

Businesses Nearby

46k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 71% Shops & Services 28% Home Improvements & Furnishings 1%

McDonald's Dining

32,668 visits/mo 0.4 miles

Family Dollar Shops & Services

11,085 visits/mo 0.1 miles

Enterprise Rent-A-Car Shops & Services

1,932 visits/mo 0.4 miles

Fastenal Home Improvements & Furnishings

375 visits/mo 0.5 miles

Demographics for 10310, NY

26,667

Population

9,909

Households

2.7

Avg Household Size

37

Median Age

31%

College-Educated

88%

High-School Grad

1.8 sq mi

ZIP Area

14,815

Density / Sq Mi

$106,118

Median Household Income

$57,861

Median Earnings

$1,638

Median Rent

$623,300

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Auto shop - A ground-level commercial storefront occupies part of a two-story building with additional space above.

Where is this auto shop located?

The property is located at 661 Cary Avenue Staten Island, NY.

What is the asking price?

The asking price for this property is $1,850,000.

What are key features of this property?

This property features: Two‑story building with one ground‑floor commercial storefront; Approximately 3,006 square feet of building area; 7,380‑square‑foot lot measuring 90 × 82 feet