234 Grandview Ave Staten Island, NY 10303
5000 sq ft manufacturing property with parking for 12.
Property Features for 234 Grandview Ave
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 0.23 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1950
Listing office RJM Realty Empire
Listing date Oct 2, 2024
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- Over 10,000 Sq/Ft M2‑1 Manufacturing Zoning Lot with a 5,000 Sq/Ft Structure.
- Prime location close to Goethals and Verrazano Bridge.
- Spacious parking lot with parking for up to 12 cars.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $132.0k | $26.40 |
| − Vacancy | −$7.3k | −$1.45 |
| EGI | $124.7k | $24.95 |
| − OpEx | −$18.7k | −$3.74 |
| NOI | $106.0k | $21.21 |
