Staten Island Manufacturing
For Sale
Contact for pricing
Lake Ave, Staten Island, NY 10303
Manufacturing property with M3-1 lot available for sale.
Property Size2,312 SF
Price / SF$561.85
Days on Market1151
Property Features for Lake Ave
General Information
Standard status
Active
Size
2,312 SF
Total Parking Spaces
10
Property subtype
Industrial
Zoning
M3-1
Building Details
Year Built
1920
Listing Agency:
RJM Realty Empire
Listed By:
Melsa Skrapalliu · License #NY
Source:
Crexi
Added: Aug 23, 2023
Changed: Oct 15
Last Checked: Oct 14 at 10:15PM
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 RJM Realty Empire
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A manufacturing property is available for sale, offering 12,921 square feet of M3-1 lot. The property features flat grounds next to railroad tracks. A Phase One environmental study has been concluded, and a survey is available. In addition to two separate garages, there is a two-family detached structure on the grounds of the property. The property size is 2,312 square feet and is located in Staten Island, NY.
Key Highlights
- 12,921 SQFT M3‑1 Lot Available for Sale
- Manufacturing Property
- Flat Grounds Next to Railroad Tracks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,511
Cap Rate
2.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$730,220
$730.2K
Cap Rate 7%
$521,586
$521.6K
Cap Rate 9%
$405,678
$405.7K
Market Conditions
NOI Build-Up for 2,312 SF
Gross rent
$55.5K $24.00/SF
− Vacancy
−$3.3K −$1.44/SF
EGI
$52.2K $22.56/SF
− OpEx
−$15.6K −$6.77/SF
NOI
$36.5K $15.79/SF
Area
Staten Island, NY
Vacancy
6.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$730,220
Cap Rate 7%
$521,586
Cap Rate 9%
$405,678
Alternative Uses
Best Use
Industrial
$521.6K
$456.4K – $608.5K
NOI $36,511 @ 7.0% cap · market cap 2.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$965.3K – $1.29M
NOI $77,221 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
787
Businesses Nearby
Explore this area
Business Placement
Demographics for 10303, NY
28,155
Population
9,580
Households
2.9
Avg Household Size
34
Median Age
30%
College-Educated
83%
High-School Grad
3.2 sq mi
ZIP Area
8,798
Density / Sq Mi
$79,429
Median Household Income
$49,072
Median Earnings
$1,520
Median Rent
$457,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Manufacturing property with M3-1 lot available for sale.
Where is this manufacturing property located?
The property is located at Lake Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: 12,921 SQFT M3‑1 Lot Available for Sale; Manufacturing Property; Flat Grounds Next to Railroad Tracks
