Three-Unit Triplex with Detached
For Sale
$1,088,000
Pending
24 Roosevelt Street, Staten Island, NY 10304
MULTI_FAMILY - Staten Island, NY
Property Size1,937 SF
Lot Size0.09 Acres
Days on Market278
Property Features for 24 Roosevelt Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R3-2
Bedrooms
7
Bathrooms
7
Full bathrooms
4
Rooms
Bathroom 6, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 5, Bedroom 7, Bathroom 4, Bedroom 6, Bathroom 5, Bedroom 4, Bathroom 7, Bedroom 3, Bathroom 2, Bedroom 2
Parking features
On Street, Off Street
Interior features
Ceiling Fan(s)
Basement
Full, Apartment
Lot features
Front Yard, Back Yard
Subdivision
Emerson Valley
Standard status
Pending
APN
03168-0068
Size
1,937 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
7211
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating)
Cooling system
Central Air
Building Details
Year built
1925
Floors in Building
2
Number of units
3
Building materials
Brick, Vinyl Siding
Listing Agency:
Tom Crimmins Realty, Ltd.
(718) 370-3200
Listed By:
Linda Agugliaro · License #30KR0766849
(718) 370-3222
Added: Nov 20, 2025
Changed: Aug 18
Last Checked: Aug 25 at 12:06AM
MLS# 2506782
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.
Legal three-family triplex offering a flexible mix of unit layouts. The main unit is a three-bedroom duplex with an eat-in kitchen opening to the dining area, a living room, and third-floor views. A second three-bedroom apartment includes a separate living room, an eat-in kitchen, and convenient access to the rear yard. The third unit is a one-bedroom apartment for additional rental income. Interior features include ceiling fans, with brick and vinyl siding construction, natural gas hot water heating, and central air cooling.
The property sits on a 0.0918-acre lot and includes a two-car detached garage built in 2010. An extra-long driveway provides ample off-street parking, with additional on-street parking available. Zoned R3-2, the home is located in Emerson Valley with convenient access to public transportation, the Staten Island Expressway, and minutes to the Verrazzano-Narrows Bridge.
Built in 1925, the triplex totals 1,937 square feet and includes public sewer service.
The property sits on a 0.0918-acre lot and includes a two-car detached garage built in 2010. An extra-long driveway provides ample off-street parking, with additional on-street parking available. Zoned R3-2, the home is located in Emerson Valley with convenient access to public transportation, the Staten Island Expressway, and minutes to the Verrazzano-Narrows Bridge.
Built in 1925, the triplex totals 1,937 square feet and includes public sewer service.
Key Highlights
- Legal three‑family triplex with duplex main unit, second three‑bedroom apartment, and one‑bedroom third unit
- Two‑car detached garage built in 2010 plus extra‑long driveway for ample off‑street parking
- Central air cooling with natural gas hot water heating
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
$47,865
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
4.40%
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%
$957,300
$957.3K
Cap Rate 7%
$683,786
$683.8K
Cap Rate 9%
$531,833
$531.8K
Market Conditions
NOI Build-Up for 1,937 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
$74.4K $38.40/SF
− Vacancy
−$6.0K −$3.10/SF
EGI
$68.4K $35.30/SF
− OpEx
−$20.5K −$10.59/SF
NOI
$47.9K $24.71/SF
Area
ZIP 10304
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
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%
$957,300
Cap Rate 7%
$683,786
Cap Rate 9%
$531,833
Alternative Uses
Best Use
Multifamily LT 5
$683.8K
$598.3K – $797.8K
NOI $47,865 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$626.7K
$548.3K – $731.1K
NOI $43,866 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$924.2K
$808.7K – $1.08M
NOI $64,696 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,095
Businesses Nearby
Explore this area
Business Placement
Demographics for 10304, NY
46,944
Population
17,524
Households
2.7
Avg Household Size
38
Median Age
31%
College-Educated
84%
High-School Grad
3.5 sq mi
ZIP Area
13,413
Density / Sq Mi
$71,506
Median Household Income
$41,752
Median Earnings
$1,516
Median Rent
$659,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - R3-2 zoned triplex with central air, natural gas hot water heat, and a two-car detached garage plus off-street parking.
Where is this triplex located?
The property is located at 24 Roosevelt Street Staten Island, NY.
What is the asking price?
The asking price for this property is $1,088,000.
What are key features of this property?
This property features: Legal three‑family triplex with duplex main unit, second three‑bedroom apartment, and one‑bedroom third unit; Two‑car detached garage built in 2010 plus extra‑long driveway for ample off‑street parking; Central air cooling with natural gas hot water heating
