Building Details

Year built 1931

Floors in Building 2

Number of units 1

Building materials Brick

Roof type Flat

Listing Agency: Tiger Realty

Listed By: Louie Chan Show Phone

Added: Oct 15 Changed: Oct 16 Last Checked: Oct 17 at 9:06AM

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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 storefront property contains approximately 3,006 square feet of building area, with one commercial unit on the ground level. Brick construction and a flat roof are reported, and the building dates to 1931. The parcel measures 90 by 82 feet, totaling 7,380 square feet, or 0.1694 acres. The property carries R3A zoning.

Situated near Dongan Street in Staten Island, the building combines commercial storefront space with a two-story configuration on a single parcel.

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 by 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.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

1,875

Businesses Nearby

46k

Monthly Visits Nearby

Under-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?

Storefront property - The brick property includes a ground-floor commercial storefront and residentially zoned land.

Where is this storefront 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: Two‑story building with one ground‑floor commercial storefront; Approximately 3,006 square feet of building area; 7,380‑square‑foot lot measuring 90 by 82 feet