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    418 Jersey St Staten Island, NY 10301
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    418 Jersey St, Staten Island, NY 10301

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    • Investment properties
    • 5,274 SF
    • 0.09 lot acres
    For Sale
    $169,000
    View Listing →
    Staten Island Grocery Business For Sale
    $169,000

    Staten Island Grocery Business

    Grocery business for sale in a busy Staten Island area.

    418 Jersey street, Staten Island, NY 10301
    View Listing
    Property ID
    US63-0740557
    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

    • 418 Food Corp. / Grocery & Convenience Store / Food Market

    Property Details for 418 Jersey St

    Year built
    1930
    Lot size
    0.09 lot acres
    Zone code
    R5
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    00047-0112
    APU
    470112

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 19, 2022 $350,000 418 Jersey Street II LLC Daren Dorval Bargain And Sale Deed —
    Nov 13, 2014 $550,000 Daren Dorval Lata Realty LLC Grant Deed $300k · Lata Realty LLC
    Sep 18, 2002 $132,000 L A T A Realty LLC Banton,henry Trustees Deed —
    — — L A T A Realty LLC — Deed Of Trust · related $333k · Si Bank & Trust

    Description

    This exceptional investment opportunity presents a 0 square foot office building located at 418 Jersey Street, Staten Island, NY 10301. Priced at $169,000, this property is situated in a high-traffic area, offering significant income potential and numerous growth opportunities. The building's precise square footage is currently unavailable, however, its prime location within a bustling commercial district of Staten Island makes it an attractive proposition for investors seeking a strong return. The property's proximity to a successful grocery store further enhances its appeal, indicating a high level of foot traffic and consumer activity in the immediate vicinity. This presents a unique chance to acquire a strategically positioned asset with considerable upside potential. Detailed financial information and further specifics regarding the property's dimensions are available upon request. This is an excellent chance to establish a presence in a thriving Staten Island commercial hub. Serious inquiries only. The property is located in county 36085. The geographic coordinates are latitude 40.6380771 and longitude -74.0875611.

    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
    -74.0878
    Latitude
    40.638
    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
    $16,084
    $60,361
    $68,290
    $128,651
    -
    $236,000
    $267,000
    $503,000

    Comparable in this City

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      $935,000
      6,150 SF

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      OFFICE/RESIDENTIAL (MIXED USE)
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      View Details
    • Value Estimation
      $510,000
      3,240 SF

      1371 Clove Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      1371 Clove Rd, Staten Island, NY 10301-4348
      View Details
    • Value Estimation
      $815,000
      1,632 SF

      1303 Clove Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      1303 Clove Rd, Staten Island, NY 10301-4338
      View Details
    • Value Estimation
      $510,000
      3,112 SF

      1366 Clove Rd

      OFFICE/RESIDENTIAL (MIXED USE)
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      View Details
    • Value Estimation by Request
      2,952 SF

      491 Jersey St

      OFFICE/RESIDENTIAL (MIXED USE)
      491 Jersey St, Staten Island, NY 10301-2948
      View Details
    • Value Estimation by Request
      3,015 SF

      429 Jersey St

      OFFICE/RESIDENTIAL (MIXED USE)
      429 Jersey St, Staten Island, NY 10301-2232
      View Details

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    Staten Island, NY 10301
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    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.

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