Building Details

Year built 1931

Floors in Building 2

Number of units 3

Building materials Brick

Roof type Flat

Listing Agency: Tiger Realty

Listed By: Louie Chan Show Phone

Added: Oct 15 Last Checked: Oct 16 at 1:06AM

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MLS# 505378

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.

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Investment Insights

Based on property information with market context.

This two-story brick property contains a ground-floor storefront and two residential units on the upper level. Built in 1931, the building offers approximately 3,006 square feet of space, with a flat roof and R3A zoning.

The property occupies a 7,380-square-foot lot measuring 90 by 82 feet at 661 Cary Avenue in Staten Island. Dongan Street is nearby.

Key Highlights

• Storefront on the ground floor with two residential units above
• Two‑story brick building constructed in 1931
• Approximately 3,006 square feet of building space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$66,661

Cap Rate

3.60%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,333,220 $1.3M

Cap Rate 7%

$952,300 $952.3K

Cap Rate 9%

$740,678 $740.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,006 SF

Gross rent

$126.3K $42.00/SF

− Vacancy

−$5.1K −$1.68/SF

EGI

$121.2K $40.32/SF

− OpEx

−$54.5K −$18.14/SF

NOI

$66.7K $22.18/SF

Area

Staten Island, NY

Vacancy

4.00%

Lease Rate

$42.00 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,333,220

Cap Rate 7%

$952,300

Cap Rate 9%

$740,678

Alternative Uses

Best Use

Apartment 5plus

$952.3K

$833.3K – $1.11M (±1% cap)

NOI $66,661 @ 7.0% cap · market cap 3.60%

Second Best

Retail

$924.2K

$808.7K – $1.08M (±1% cap)

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

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.

Lease Details

2

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

1,875

Businesses Nearby

46k

Monthly Visits Nearby

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?

Mixed-use property - Two apartments above a ground-level commercial space create a mixed residential and business configuration.

Where is this mixed-use property 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: Storefront on the ground floor with two residential units above; Two‑story brick building constructed in 1931; Approximately 3,006 square feet of building space