Staten Island Multifamily
22-24 Otis Avenue Staten Island, NY 10306
22-24 Otis Avenue, Staten Island, NY, 10306
$1,250,000
Pending
For Sale
$1,250,000
Pending
MULTI_FAMILY - Staten Island, NY
Property Size3,872 SF
Lot Size0.18 Acres
Days on Market163
Property Features for 22-24 Otis Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Zoning
- R3-X
- Bedrooms
- 8
- Bathrooms
- 7
- Rooms
- Bedroom 8, Bathroom 3, Bathroom 2, Bedroom 6, Bedroom 3, Bedroom 2, Bathroom 4, Bedroom 7, Bathroom 5, Bathroom 6, Bedroom 1, Bedroom 5, Bathroom 8, Bathroom 7, Bedroom 4, Bathroom 1
- Parking features
- Off Street
- Basement
- Unfinished, Full
- Standard status
- Pending
- APN
- 03620-0014
- Size
- 3,872 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Annual Amount
- 25413
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Natural Gas
Building Details
- Year built
- 1946
- Floors in Building
- 2
- Number of units
- 4
- Building materials
- Brick
Listing agency
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed by
C.Michel Scibetta-Nicolo · License #10301221252
(718) 644-0063
Added: Feb 10 Updated: Jul 10 at 9:57PM Checked: Jul 23 at 12:06AM
MLS# 2600743
Copyright © 2026 Staten Island Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This is a legal 4-family property located in Staten Island, NY, specifically in New Dorp. The property is situated on a 75x104 lot, which is approximately 0.18 acres. The building has a total size of 3872 square feet. It features four two-bedroom units and a four-car garage. The property is located in a highly visible and desirable location near Richmond Road. The zoning is R3-X, indicating its use as a residential income property.
Key Highlights
- Legal 4‑family property under construction
- 4 units with 2 bedrooms each, plus 4‑car garage
- Brick construction with off‑street parking
Local Financial Insights For Multifamily LT 5
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 | $148.7k | $38.40 |
| − Vacancy | −$8.2k | −$2.11 |
| EGI | $140.5k | $36.29 |
| − OpEx | −$42.2k | −$10.89 |
| NOI | $98.4k | $25.40 |
3,872 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.41M
$1.23M – $1.64M
NOI $98,355 @ 7.0% cap · market cap 7.87%
Second Best
Apartment 5plus
$1.25M
$1.09M – $1.46M
NOI $87,399 @ 7.0% cap · market cap 6.99%
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M
NOI $129,326 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Legal 4-family property in New Dorp with garage.
Where is this quadplex located?
The property is located at 22-24 Otis Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Legal 4‑family property under construction; 4 units with 2 bedrooms each, plus 4‑car garage; Brick construction with off‑street parking
