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    40 Hancock St Staten Island, NY 10305

    View on Map
    Sponsored
    For Sale
    $1,799,000

    MULTI_FAMILY - Staten Island, NY

    Property size:
    3,840 SF
    Lot size:
    0.08 Acres
    Days on Market:
    31
    Last Refresh:
    Mar 20 at 4:06 pm

    Property Features for 40 Hancock St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security System
    Zoning
    R3-2 / C1
    Rooms
    Bedroom 4, Bedroom 7, Bathroom 3, Bedroom 2, Bedroom 9, Bathroom 5, Bathroom 7, Bathroom 4, Bedroom 3, Bathroom 2, Bathroom 6, Bathroom 8, Bedroom 6, Bedroom 8, Bathroom 1, Bedroom 1, Bedroom 5
    Bedrooms
    9
    Bathrooms
    7
    APN
    03341-0008
    Parking features
    Off Street, Open
    Interior features
    Ceiling Fan(s)
    Fencing
    Fenced
    Basement
    Finished, Full
    Size
    3,840 SF
    Lot size
    0.08 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating), Natural Gas

    Building Details

    Year built
    1931
    Floors in Building
    2
    Number of units
    4
    Building materials
    Brick, Stucco

    We can help!

    Listing Contact
    John J Lauria

    Tom Crimmins Realty, Ltd.

    Listing agent John J Lauria

    Listing date Feb 17, 2026

    MLS# 2600609

    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.

    Learn more

    Property Insight Report

    Overview

    Staten Island Multifamily Investment Opportunity

    Located in the Dongan Hills community near the Staten Island Railroad's Dongan Hills Station, this well-maintained four-family building presents a significant investment opportunity. The property features separate utilities for each unit, including four gas meters, five electric meters, four heating systems, and four domestic hot water heaters. Each of the four apartments includes two bedrooms, a living room, an eat-in kitchen, and a full bathroom. The front units measure 980 square feet each, while the rear units offer 1080 square feet of living space. A separate, spacious basement apartment, not currently rented, contains a kitchen, living room, a 3/4 bathroom, and a bedroom. There is potential to expand the two rear apartments to include three bedrooms. A four-car garage on the ground floor could be converted for commercial business use, given the commercial overlay zoning. Each apartment is currently rented at $2500 per month (except the owner-occupied unit, which can be rented at the same rate). The property's net operating income calculates to a 5+% CAP rate. Recent upgrades include a new roof coating (done annually), kitchen upgrades (first floor front unit & second floor front unit - 2023, first floor rear unit upgraded in 2015 and second floor rear unit in 2018), and new hot water heaters (2023), along with new stucco exterior for added insulation. Home automation features include automatic garage door openers and a comprehensive internet-based security system with 14 cameras. The location is convenient to the Hylan Blvd retail district and offers access to numerous local and express bus lines (S78, S79, SIM1, SIM1C, SIM7, SIM10 and SIM11). The property is zoned R3-2 / C1 and sits on a 0.08-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Staten Island
    County
    Richmond
    State
    New York
    Longitude
    -74.094628
    Latitude
    40.589086

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    FAQs

    What type of property is this?
    Quadplex - Four-family building with commercial overlay and potential seller financing.
    Where is this quadplex located?
    The property is located at 40 Hancock St Staten Island, NY.
    What is the asking price?
    The asking price for this property is $1,799,000.
    What are key features of this property?
    This property features: - Seller financing available offers a rare opportunity for buyers.; - High income potential with each apartment (except owner-occupied) currently rented at $2500/month and a 5+% CAP rate.; - Four-family building with separate utilities.
    (718) 370-3200
    Request Owner's contact information
    40 Hancock St Staten Island, NY 10305
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    Staten Island, NY 10305
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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.

    More about this property
    40 Hancock St Staten Island, NY 10305
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