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    817 Castleton Ave Staten Island, NY 10310

    Sponsored
    For Sale
    $699,000

    Vacant Restaurant, Investment Opportunity

    Property size:
    2,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This vacant restaurant building at 817 Castleton Avenue, Staten Island, presents a compelling investment opportunity. The property, built in 1931, offers 2,500 square feet of space situated on a 3,375 square foot lot. The building is zoned C1-1 and features a newer kitchen and a full basement primarily used for storage. Currently, a vacant two-bedroom, one-bathroom apartment occupies the second level, adding potential rental income. The property is being sold vacant and is available for immediate possession. This is a single-building property with a 0% cap rate. The asking price is $699,000. Note that an adjacent property (MLS# 1159279, 815 Castleton Ave) is also available for sale. This presents a unique opportunity to acquire a larger contiguous property. The property is located in Richmond County, New York, with the zip code 10310.

    Property Features for 817 Castleton Ave

    General Information

    Property type
    Restaurants
    Square Feet
    2,500 SF

    Building Details

    Year Built
    1931
    Buildings
    1

    HighLights

    • Excellent investment opportunity.
    • Family‑operated restaurant.
    • Recently updated kitchen.
    • Full basement, primarily used for storage.
    • Second‑floor, currently rented 2‑bedroom/1‑bathroom apartment.
    • Potential package sale with adjacent property (MLS# 1159279, 815 Castleton Ave.).
    Property Profile Location Intelligence

    Current Use by Public Records

    Z’IW Carpet Cleaning ... Carpet Cleaning Service

    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
    -74.1096582
    Latitude
    40.6349519

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    FAQs

    What type of property is this?
    Restaurant - Vacant Restaurant, Investment Opportunity
    Where is this restaurant located?
    The property is located at 817 Castleton Ave Staten Island, NY.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: Excellent investment opportunity.; Family-operated restaurant.; Recently updated kitchen.
    Request Owner's contact information
    817 Castleton Ave Staten Island, NY 10310
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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
    817 Castleton Ave Staten Island, NY 10310
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