Restaurant With Outdoor
For Sale
Contact for pricing
965 Jewett Avenue, Staten Island, NY 10314
Food-service property with a kitchen, dining area, walk-ins, and an outdoor seating area.
Property Size514 SF
Price / SF$678.99
Days on Market65
Property Features for 965 Jewett Avenue
General Information
Standard status
Active
Size
514 SF
Property subtype
Retail, Business for Sale
Zoning
R3-1/C1-1
Additional Details
Patio
Yes
Building Details
Buildings
1
Listing Agency:
VITO CONENNA NYS LICENSED R.E. BROKER
Listed By:
Vito Conenna · License #NY 10351201872
Source:
Crexi
Added: Jul 25
Changed: Sep 19
Last Checked: Sep 26 at 6:50AM
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 VITO CONENNA NYS LICENSED R.E. BROKER
Investment Insights
Based on property information with market context.
This conventional restaurant property at 965 Jewett Avenue includes a kitchen, dining room, walk-ins, and outdoor seating. The existing setup supports restaurant operations, while the business name is excluded from the purchase and the property does not have to remain a pizzeria.
The property is positioned near residential homes, commercial properties, schools, and a hospital. A bus stop is nearby, and the remarks identify the main intersection as one of Staten Island’s busiest. The site is zoned R3-1/C1-1 and the restaurant currently operates seven days per week from 10 AM to 10 PM.
The property is positioned near residential homes, commercial properties, schools, and a hospital. A bus stop is nearby, and the remarks identify the main intersection as one of Staten Island’s busiest. The site is zoned R3-1/C1-1 and the restaurant currently operates seven days per week from 10 AM to 10 PM.
Key Highlights
- Kitchen, dining room, walk‑ins, and outdoor seating included
- Zoned R3‑1/C1‑1
- Located near residential homes, commercial properties, schools, and a hospital
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
$10,270
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
2.94%
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%
$205,400
$205.4K
Cap Rate 7%
$146,714
$146.7K
Cap Rate 9%
$114,111
$114.1K
Market Conditions
NOI Build-Up for 514 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
$14.8K $28.80/SF
− Vacancy
−$1.1K −$2.16/SF
EGI
$13.7K $26.64/SF
− OpEx
−$3.4K −$6.66/SF
NOI
$10.3K $19.98/SF
Area
ZIP 10314
Vacancy
7.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
25.00%
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%
$205,400
Cap Rate 7%
$146,714
Cap Rate 9%
$114,111
Alternative Uses
Best Use
Specialty Retail
$146.7K
$128.4K – $171.2K
NOI $10,270 @ 7.0% cap · market cap 2.94%
Second Best
Industrial
$106.6K
$93.3K – $124.4K
NOI $7,461 @ 7.0% cap · market cap 2.14%
Theoretical Best
Office A
$245.3K
$214.6K – $286.1K
NOI $17,168 @ 7.0% cap · market cap 4.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,327
Businesses Nearby
163k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Dining 33%
Groceries 10%
Home Improvements & Furnishings 4%
Starbucks
Dining
19,274 visits/mo
0.2 miles
BP
Shops & Services
17,152 visits/mo
0.2 miles
Burger King
Dining
16,775 visits/mo
0.1 miles
7-Eleven
Shops & Services
16,173 visits/mo
0.2 miles
Met Food
Groceries
15,870 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Food-service property with a kitchen, dining area, walk-ins, and an outdoor seating area.
Where is this conventional restaurant located?
The property is located at 965 Jewett Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Kitchen, dining room, walk‑ins, and outdoor seating included; Zoned R3‑1/C1‑1; Located near residential homes, commercial properties, schools, and a hospital
