Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    1903 Victory Blvd Staten Island, NY 10314-3519

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1903 Victory Blvd Staten Island, NY 10314-3519

    View on Map
    • Retail space
    • 900 SF
    • 0.05 lot acres
    Off-Market
    Property ID
    US63-0750408
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Que Rico / Restaurant
    • Que Rico NYC / Restaurant
    • Nicki's place / Restaurant
    • Mambo's Kitchen & Grill / Restaurant

    Property Details for 1903 Victory Blvd

    Year built
    1980
    Lot size
    0.05 lot acres
    Property size
    900 SF
    Zone code
    R3-1
    Property type
    Retail space
    APN
    00378-0187
    APU
    3780187

    Description

    This exceptional investment opportunity encompasses two buildings situated on a 4,806 square foot lot at 1899-1903 Victory Boulevard, Staten Island, NY 10314. The property, built in 1931, offers a combined 4,500 square feet of retail space, currently operating at 100% occupancy under a gross lease. The two-story structures boast a multi-tenancy configuration, including separate storefronts on the ground floor and additional office space on the second floor. The asking price is $2,025,000, translating to $450 per square foot. The property is zoned R3-1 and C1-1, providing flexibility for various commercial uses. This prime location in Staten Island presents a compelling investment prospect, with the potential for strong rental income and future appreciation. The buildings are currently occupied, offering immediate cash flow. The sale includes both the real estate and the existing business, or the real estate can be purchased separately. This presents a unique opportunity to acquire a well-established commercial property in a desirable location. The property's history and current success make it an attractive investment for both seasoned investors and those seeking a stable, income-generating asset.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Staten Island
    County
    Richmond
    State
    New York
    Longitude
    -74.1275
    Latitude
    40.613
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $7,903
    $28,350
    $46,260
    $74,610
    -
    $63,000
    $121,000
    $184,000

    Comparable in this City

    • Value Estimation
      $12,155,000
      51,609 SF

      145 Service Rd

      STORE, RETAIL OUTLET • 51,609 SF
      145 Service Rd, Staten Island, NY 10314-4764
      View Details
    • Value Estimation by Request
      1,456 SF

      1953 Victory Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,456 SF
      1953 Victory Blvd, Staten Island, NY 10314-3519
      View Details
    • Value Estimation
      $2,180,000
      8,372 SF

      1497 Richmond Ave

      RETAIL STORES (PERSONAL SERVICES) • 8,372 SF
      1497 Richmond Ave, Staten Island, NY 10314-1520
      View Details
    • Value Estimation by Request
      1,184 SF

      893 Mnr Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,184 SF
      893 Mnr Rd, Staten Island, NY 10314-7006
      View Details
    • Value Estimation
      $2,205,000
      8,457 SF

      1791 Victory Blvd

      RETAIL STORES (PERSONAL SERVICES) • 8,457 SF
      1791 Victory Blvd, Staten Island, NY 10314-3515
      View Details
    • Value Estimation by Request
      1,044 SF

      328 Bradley Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,044 SF
      328 Bradley Ave, Staten Island, NY 10314-5171
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,458 SF

      Staten Island Retail Storefront Opportunity

      Prime Retail Space, High Occupancy, Excellent Condition
      1931 Richmond Ave, Staten Island, NY 10314
      View Details
    • $280,000

      Established Gift Shop for Sale

      Turnkey gift shop with strong profit margin and growth potential.
      933 Richmond Ave, Staten Island, NY 10314
      View Details
    • $8,600,000
      7,356 SF

      Staten Island Retail Investment

      Walgreens-anchored, high-traffic location.
      2191 Richmond Ave, Staten Island, NY 10314
      View Details
    • Contact for pricing
      4,809 SF

      Fully Leased Mixed-Use Investment

      Turnkey property with retail and office spaces, excellent income.
      2230 Victory Blvd, Staten Island, NY 10314
      View Details
    • $280,000
      1,600 SF

      Established Gift Shop on Staten

      Turnkey gift shop with high profit margin for sale.
      933 Richmond Ave, Staten Island, NY 10314
      View Details
    • Contact for pricing
      8,000 SF

      Fully Occupied Staten Island Plaza

      8-unit shopping plaza in high-traffic Staten Island location.
      3785 Victory Blvd, Staten Island, NY 10314
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail Space Available

      Retail space on a busy street with on-site parking.
      1931 Richmond Ave, Staten Island, NY 10314
      View Details
    • Contact for pricing

      Manor Road Retail Space Available

      Retail space in busy shopping plaza, dense residential area.
      923 Manor Rd, Staten Island, NY 10314
      View Details
    • $3,000 /Mo
      800 SF

      Retail Space on Victory Blvd

      Retail spaces for lease on a busy commercial strip.
      1890-1898 Victory Blvd, Staten Island, NY 10314
      View Details
    • Contact for pricing

      Staten Island Retail Space Available

      Retail space on Victory Blvd with high traffic.
      1755 Victory Blvd, Staten Island, NY 10314
      View Details
    • Contact for pricing
      6,927 SF

      Versatile Commercial Building on Victory

      Adaptable commercial building in a prime Staten Island location.
      1731 Victory Blvd, Staten Island, NY 10314
      View Details
    • Contact for pricing

      Road Front Store Available

      Road front store available for rent in busy location.
      923 Manor Rd, Staten Island, NY 10314
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1903 Victory Blvd
    Staten Island, NY 10314-3519
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!