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    58-62 University Pl Staten Island, NY 10301

    Sponsored
    For Sale
    $1,975,000

    COMMERCIAL - Staten Island, NY

    Property size:
    4,932 SF
    Lot size:
    0.17 Acres
    Days on Market:
    27
    Last Refresh:
    Feb 22 at 11:06 pm

    Property Features for 58-62 University Pl

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C-2
    Rooms
    Bedroom 7, Bedroom 6, Bathroom 4, Bedroom 2, Bedroom 4, Bathroom 6, Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 1, Bathroom 5, Bedroom 5, Bedroom 3, Bedroom 8
    Bedrooms
    8
    Bathrooms
    6
    APN
    00250-0039
    Parking
    7
    Size
    4,932 SF
    Lot size
    0.17 Acres

    Utilities

    Heating system
    Natural Gas, Hot Water(Heating)

    Building Details

    Year built
    1950
    Floors in Building
    3
    Building materials
    Brick, Block

    We can help!

    Listing Contact
    Marylou Palladino

    ROBERT DEFALCO REALTY , INC. (718) 987-7900

    Listing agent Marylou Palladino (718) 987-7900

    Listing date Jan 27, 2026

    MLS# 2506837

    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 Six-Family Investment

    This six-family unit comprises three attached two-family dwellings, designed to avoid rent stabilization and maximize revenue. The property features two spacious two-bedroom units and four large one-bedroom units, along with six and a half bathrooms and seven private garage bays, offering potential for added income or storage, and three basements. Each unit includes hardwood flooring, high ceilings, moldings, recessed heating, and alcoves in the top-floor units, with basement access in the bottom-floor units. Significant electrical upgrades were completed in 2020, including a new master panel and new breakers in each apartment. Tenants are responsible for their own separately metered electric and gas heating. Situated in a quiet neighborhood in Silver Lake, Staten Island, the property is near transportation to the Staten Island Ferry and express buses to Manhattan, and a short walk to retail and restaurants on Forest Avenue. NYC Tennis Courts, a ball field, and a playground are located at the top of the block. The Silver Lake Golf Course and Park, opposite the building, provides a tranquil view. Ample street parking is available. The property is close to Sailor Snug Harbor, Clove Lake Park, and the zoo. The building consists of three legal two-families on a single tax lot, each separated by a fire wall. The property, zoned C-2, offers 4,932 square feet of space on a 0.17-acre lot. This presents an opportunity for investors or owner-occupiers seeking rental potential in a superb setting.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

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

    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
    -74.099453
    Latitude
    40.629546

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained six-family property in prime Staten Island location.
    Where is this apartment building located?
    The property is located at 58-62 University Pl Staten Island, NY.
    What is the asking price?
    The asking price for this property is $1,975,000.
    What are key features of this property?
    This property features: - Rare, well-maintained all-brick 6-family unit in prime Silver Lake location.; - Not subject to rent stabilization, allowing for maximum revenue potential.; - Seven private garage bays offer added income potential.
    (917) 363-6076
    Request Owner's contact information
    58-62 University Pl Staten Island, NY 10301
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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.

    More about this property
    58-62 University Pl Staten Island, NY 10301
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    We can help!
    Listing Contact
    Marylou Palladino
    (917) 363-6076 (718) 987-7900 (732) 845-3200
    Learn more
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