Corner Storefront Retail
For Sale
Contact for pricing
7233 Amboy Road, Staten Island, NY 10307
One-story retail building on a corner lot with 5 on-site parking spaces and high foot traffic on Amboy Rd.
Property Size4,600 SF
Price / SF$326.09
Days on Market29
Property Features for 7233 Amboy Road
General Information
Standard status
Active
Size
4,600 SF
Class
A
Total Parking Spaces
5
Property subtype
Retail
Zoning
R3X
Occupancy
100%
Lease Type
Gross
Net Operating Income
$69,000
Additional Details
Corner Location
Yes
Building Details
Year Built
1939
Year Renovated
2011
Buildings
1
Stories
1
Units
3
Tenancy
Single
Construction
block/stucco
Listing Agency:
Century 21 Standard Real Estate
Listed By:
Herman Herrera · License #10491202518
Source:
Crexi
Added: Jul 25
Changed: Aug 14
Last Checked: Aug 21 at 10:42AM
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 Century 21 Standard Real Estate
Investment Insights
Based on property information with market context.
This corner lot storefront retail building totals 4,600 SF and is a one-story block/stucco structure with a flat roof. The property includes 5 on-site parking spaces. One tenant occupies two storefronts along with an attached studio apartment, creating flexible space for retail and live/work-style use. The building is described as being in excellent condition following a major renovation completed in 2023.
Located on a major Amboy Rd artery, the property benefits from high foot traffic at the corner location, supporting visibility for retail operations and customer traffic.
With two storefront spaces plus a studio apartment, the layout suits a tenant seeking street-facing commercial space while retaining additional on-site living or flexible studio use.
Located on a major Amboy Rd artery, the property benefits from high foot traffic at the corner location, supporting visibility for retail operations and customer traffic.
With two storefront spaces plus a studio apartment, the layout suits a tenant seeking street-facing commercial space while retaining additional on-site living or flexible studio use.
Key Highlights
- 4,600 SF one‑story block/stucco retail building with flat roof
- Corner lot location on a major Amboy Rd artery with high foot traffic
- Two storefronts plus a studio apartment under one tenant
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
$98,996
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
6.60%
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%
$1,979,920
$2.0M
Cap Rate 7%
$1,414,229
$1.4M
Cap Rate 9%
$1,099,956
$1.1M
Market Conditions
NOI Build-Up for 4,600 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
$154.6K $33.60/SF
− Vacancy
−$13.1K −$2.86/SF
EGI
$141.4K $30.74/SF
− OpEx
−$42.4K −$9.22/SF
NOI
$99.0K $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 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%
$1,979,920
Cap Rate 7%
$1,414,229
Cap Rate 9%
$1,099,956
Alternative Uses
Best Use
Retail
$1.41M
$1.24M – $1.65M
NOI $98,996 @ 7.0% cap · market cap 6.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.19M
$1.92M – $2.56M
NOI $153,641 @ 7.0% cap · market cap 10.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
840
Businesses Nearby
61k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 39%
Home Improvements & Furnishings 8%
McDonald's
Dining
27,631 visits/mo
0.5 miles
Chase Bank
Shops & Services
10,981 visits/mo
0.4 miles
Santander Bank
Shops & Services
8,021 visits/mo
0.5 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
4,867 visits/mo
0.4 miles
SUBWAY
Dining
4,154 visits/mo
0.5 miles
Demographics for 10307, NY
14,129
Population
5,390
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
90%
High-School Grad
1.6 sq mi
ZIP Area
8,831
Density / Sq Mi
$138,807
Median Household Income
$74,211
Median Earnings
$1,618
Median Rent
$799,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- The Flower Lab. New York — 95 Page Ave, Staten Island, NY 10307
- The Flowers Lovers — 101 Ellis St, Staten Island, NY 10307
- Floral Sentiments Couture — 169 main st, staten island, ny 10307
- Buds & Blooms Florist — 7407 Amboy Rd, Staten Island, NY 10307
Frequently Asked Questions
What type of property is this?
Storefront property - One-story retail building on a corner lot with 5 on-site parking spaces and high foot traffic on Amboy Rd.
Where is this storefront property located?
The property is located at 7233 Amboy Road Staten Island, NY.
What is the asking price?
The asking price for this property is $1,499,999.
What are key features of this property?
This property features: 4,600 SF one‑story block/stucco retail building with flat roof; Corner lot location on a major Amboy Rd artery with high foot traffic; Two storefronts plus a studio apartment under one tenant
