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    305 Broadway Staten Island, NY 10310

    Sponsored
    For Sale
    $2,388,888

    Nine-unit loft building, high cap rate.

    Property size:
    11,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use investment opportunity presents a rare chance to acquire a fully occupied, nine-unit loft building situated at 305 Broadway, Staten Island, NY 10310. The property, comprised of two buildings, boasts a total of 11,900 square feet on a 6,900 square foot lot. Built in 1930, the two-story structure features distinctive architectural charm and spacious loft units, currently enjoying 100% occupancy. The property's strong tenant base consists of city workers and professionals, generating a substantial net operating income (NOI) of $183,769, resulting in an attractive 7.69% cap rate. The asking price is $2,388,888, translating to $200.75 per square foot. The property is zoned R3A C1-2, offering potential for expansion and value enhancement through the addition of further units. This fee-simple ownership presents a compelling investment prospect for both seasoned investors and developers seeking a high-yield, stable income stream in a desirable location. The property's strong financials and potential for future growth make it an exceptional addition to any portfolio.

    Property Features for 305 Broadway

    General Information

    Property type
    Mixed-use properties
    Square Feet
    11,900 SF

    Building Details

    Year Built
    1930
    Buildings
    2
    Stories
    2
    Units
    9

    HighLights

    • $2,388,888 asking price for a mixed‑use investment property.
    • Nine loft units in two buildings totaling 11,900 square feet.
    • 7.69% cap rate with a $183,769 net operating income (NOI) and 100% occupancy.
    • Located at 305 Broadway, Staten Island, NY 10310, on a 6,900 square foot lot.
    • Built in 1930, the property features two stories and is zoned R3A C1‑2.
    • $200.75 price per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Staten Island
    County
    Richmond
    State
    New York
    Longitude
    -74.117101770557
    Latitude
    40.6339467988

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    FAQs

    What type of property is this?
    Mixed-use property - Nine-unit loft building, high cap rate.
    Where is this mixed-use property located?
    The property is located at 305 Broadway Staten Island, NY.
    What is the asking price?
    The asking price for this property is $2,388,888.
    What are key features of this property?
    This property features: $2,388,888 asking price for a mixed-use investment property.; Nine loft units in two buildings totaling 11,900 square feet.; 7.69% cap rate with a $183,769 net operating income (NOI) and 100% occupancy.
    Request Owner's contact information
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    Staten Island, NY 10310
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    Realmo Value Estimation

    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.

    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.

    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
    305 Broadway Staten Island, NY 10310
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