Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    81 Water Street Staten Island, NY 10304

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Retail property in a Qualified Opportunity Zone, built in 1924.

    Type:Retail
    Property size:
    10,400 SF
    Added:
    Mar 25, 2026
    Days on Market:
    8
    Last Refresh:
    Mar 16 at 10:20 am

    Property Features for 81 Water Street

    General Information

    Standard status
    Active
    Size
    10,400 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Dean Rosenzweig
    Dean Rosenzweig

    Listing agent Dean Rosenzweig

    Listing office CBRE | Midtown Manhattan

    Listing date Mar 25, 2026

    Source Cbre

    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 CBRE | Midtown Manhattan

    Overview

    Staten Island Landmark Retail Property

    This retail property, constructed in 1924, is situated in Staten Island, NY, and benefits from its location within a Qualified Opportunity Zone. The property has been designated as an Individual Landmark since 2006. It is located within Zoning District C4-2. The building features 157 feet of frontage along Water Street and 224.64 feet along Beach Street. The property encompasses a total area of 10,400 square feet.
    Location Intelligence

    Current Use by Public Records

    Santander Bank ATM Atm Santander Bank Branch Bank

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • TULCINGO FLOWERS EXPRESS Inc. — Staten Island, NY 10301
    • Atlixco Flower and party supplies — 96 Victory Blvd, Staten Island, NY 10301
    • Vanessa Florist — 83 brook st, staten island, ny 10301
    • Tulcingo Flowers Express INC. — 43 van duzer st, staten island, ny 10301

    Location Insight

    • Map
    • Local Demand
    City
    Staten Island
    County
    Richmond
    State
    New York
    Longitude
    -74.07751
    Latitude
    40.627324

    Nearby Similar for Sale

    • $4,500,000
      11,250 SF

      Staten Island Commercial Building For Sale

      Commercial building near downtown St. George with high ceilings.
      526 Richmond Terrace, Staten Island, NY 10301
      View Details
    • $850,000
      1,612 SF

      Versatile Staten Island Office Opportunity

      Adaptable office space or residential conversion potential in Staten Island.
      1562 Drumgoole Road East, Staten Island, NY 10309
      View Details
    • $950,000

      Staten Island Medical Office Building

      Medical office building with high visibility in prime location.
      3767 Richmond Ave, Staten Island, NY 10312
      View Details
    • $2,488,888
      5,600 SF

      Standalone Commercial Asset with Drive-Thru

      Former bank building in Staten Island's New Dorp business corridor.
      257 New Dorp Lane, Staten Island, NY 10306
      View Details
    • $2,690,000
      24,225 SF

      Staten Island Mixed-Use Investment

      Three-story mixed-use building with retail and office space.
      3974 Amboy Road, Staten Island, NY 10308
      View Details
    • $70,000
      1,500 SF

      Turn-Key Asian Restaurant Opportunity

      Established Asian restaurant for sale in a high-traffic Staten Island location.
      1351 Forest Avenue, Staten Island, NY 10302
      View Details
    • $280,000
      1,600 SF

      Established Gift Shop Business Opportunity

      Turnkey gift shop business for sale in Staten Island, NY.
      933 Richmond Avenue, Staten Island, NY 10314
      View Details
    • $999,000
      3,542 SF

      Staten Island Multifamily Opportunity

      Three-unit property with potential for additional income.
      7355 Amboy Road, Staten Island, NY 10307
      View Details
    • $1,490,000

      Staten Island Mixed-Use Investment

      Vacant mixed-use building near Verrazano Bridge with high potential.
      233 Sand Lane, Staten Island, NY 10305
      View Details
    • $1,480,000
      2,875 SF

      Prime Bay Street Retail Opportunity

      High-visibility location ideal for restaurant, retail, or office use.
      1221 Bay Street, Staten Island, NY 10305
      View Details
    • $11,000
      2,520 SF

      Turn-Key Restaurant in South Beach

      Fully operational restaurant for sale in Staten Island.
      124 Ocean Avenue, Staten Island, NY 10305
      View Details
    • $898,000
      2,754 SF

      Staten Island Two-Family Smart Home

      Updated two-family home with flexible living and investment potential.
      108 Fahy Avenue, Staten Island, NY 10314
      View Details

    FAQs

    What type of property is this?
    Storefront property - Retail property in a Qualified Opportunity Zone, built in 1924.
    Where is this storefront property located?
    The property is located at 81 Water Street Staten Island, NY.
    What are key features of this property?
    This property features: Located in a Qualified Opportunity Zone.; Landmark Designation as an “Individual Landmark” in 2006.; Zoning District: C4‑2.
    (718) 289-7715
    We can help!
    Listing Contact
    Dean Rosenzweig
    Dean Rosenzweig
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!