Fully Leased Mixed-Use
For Sale
Contact for pricing
2230 Victory Boulevard, Staten Island, NY 10314
Turnkey property with retail and office spaces, excellent income.
Property Size4,809 SF
Price / SF$540.65
Days on Market871
Property Features for 2230 Victory Boulevard
General Information
Standard status
Active
Size
4,809 SF
Property subtype
Land
Building Details
Stories
2
Units
8
Listing Agency:
Compass Realty Central
Listed By:
Rosemarie Rivicci · License #New York
(917) 846-5795
Source:
Crexi
Added: Apr 17, 2024
Changed: Aug 28
Last Checked: Aug 31 at 8:54AM
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 Compass Realty Central
Investment Insights
Based on property information with market context.
This turnkey property, offered as a package deal with 2232, 2234 & 2236 Victory Blvd, is fully leased and includes 4 retail stores on the ground level and 4 offices on the second level. The property offers excellent income potential and features ample parking space for customers. It provides easy access to highways to New York and New Jersey. The zoning is R3-2 with a C1-1 overlay, and an architect can be consulted regarding expansion potential. The tenants are responsible for electric, gas, water bills, and all other maintenance expenses. The property size is 4809 square feet. Intended use of the property is for commercial purposes.
Key Highlights
- Fully leased turnkey property with excellent income.
- Includes 4 retail stores and 4 offices.
- Package deal with 2232, 2234 & 2236 Victory Blvd.
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
$94,930
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
3.65%
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%
$1,898,600
$1.9M
Cap Rate 7%
$1,356,143
$1.4M
Cap Rate 9%
$1,054,778
$1.1M
Market Conditions
NOI Build-Up for 4,809 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
$161.6K $33.60/SF
− Vacancy
−$9.7K −$2.02/SF
EGI
$151.9K $31.58/SF
− OpEx
−$57.0K −$11.84/SF
NOI
$94.9K $19.74/SF
Area
ZIP 10314
Vacancy
6.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
37.50%
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%
$1,898,600
Cap Rate 7%
$1,356,143
Cap Rate 9%
$1,054,778
Alternative Uses
Best Use
Mixed Use
$1.36M
$1.19M – $1.58M
NOI $94,930 @ 7.0% cap · market cap 3.65%
Second Best
Retail
$1.32M
$1.16M – $1.54M
NOI $92,405 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$2.29M
$2.01M – $2.68M
NOI $160,622 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,029
Businesses Nearby
96k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 62%
Dining 38%
Hotels & Casinos 1%
Mobil
Shops & Services
19,657 visits/mo
0.4 miles
Starbucks
Dining
19,274 visits/mo
0.4 miles
BP
Shops & Services
17,152 visits/mo
0.4 miles
Burger King
Dining
16,775 visits/mo
0.5 miles
7-Eleven
Shops & Services
16,173 visits/mo
0.3 miles
Demographics for 10314, NY
92,157
Population
33,554
Households
2.7
Avg Household Size
41
Median Age
37%
College-Educated
89%
High-School Grad
13.0 sq mi
ZIP Area
7,089
Density / Sq Mi
$104,655
Median Household Income
$58,769
Median Earnings
$1,726
Median Rent
$665,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Turnkey property with retail and office spaces, excellent income.
Where is this mixed-use property located?
The property is located at 2230 Victory Boulevard Staten Island, NY.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Fully leased turnkey property with excellent income.; Includes 4 retail stores and 4 offices.; Package deal with 2232, 2234 & 2236 Victory Blvd.
