Triplex with Separate
For Sale
Contact for pricing
10 Egmont Place, Staten Island, NY 10301
Three-family residence with updated electrical, floor-specific water heaters, and a professionally sealed basement.
Property Size2,872 SF
Price / SF$333.91
Days on Market10
Property Features for 10 Egmont Place
General Information
Standard status
Active
Size
2,872 SF
Property subtype
Multifamily
Zoning
R3 A
Net Operating Income
$8,950
Additional Details
Public Transit
Yes
Multifamily Units
3
Building Details
Year Built
1905
Stories
3
Units
1
Listing Agency:
Coldwell Banker Advantage
Listed By:
Rachel Cugini · License #10301221301
Source:
Crexi
Added: Aug 14
Changed: Aug 21
Last Checked: Aug 22 at 3:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Advantage
Investment Insights
Based on property information with market context.
This 2,872-square-foot triplex was built in 1905 and contains three family apartments. The property has new electrical throughout, a new water heater serving each floor, and a basement that has been professionally waterproofed and sealed. The second-floor apartment has been renovated, excluding its kitchen. Separate utilities are paid by the tenants, and the property has an existing rental roll.
Located at 10 Egmont Place in Staten Island, the property is within walking distance of the Staten Island Ferry, restaurants, shopping, public transportation, and the Staten Island baseball stadium and fields. Bus and train service provide access throughout Staten Island and to Manhattan. The property is zoned R3 A.
Located at 10 Egmont Place in Staten Island, the property is within walking distance of the Staten Island Ferry, restaurants, shopping, public transportation, and the Staten Island baseball stadium and fields. Bus and train service provide access throughout Staten Island and to Manhattan. The property is zoned R3 A.
Key Highlights
- 2,872‑square‑foot triplex with three family apartments
- New electrical throughout the entire house
- New water heater for each floor
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
$71,421
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
7.45%
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%
$1,428,420
$1.4M
Cap Rate 7%
$1,020,300
$1.0M
Cap Rate 9%
$793,567
$793.6K
Market Conditions
NOI Build-Up for 2,872 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
$106.8K $37.20/SF
− Vacancy
−$4.8K −$1.67/SF
EGI
$102.0K $35.53/SF
− OpEx
−$30.6K −$10.66/SF
NOI
$71.4K $24.87/SF
Area
Staten Island, NY
Vacancy
4.50%
Lease Rate
$37.20 /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%
$1,428,420
Cap Rate 7%
$1,020,300
Cap Rate 9%
$793,567
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$892.8K – $1.19M
NOI $71,421 @ 7.0% cap · market cap 7.45%
Second Best
Apartment 5plus
$909.8K
$796.1K – $1.06M
NOI $63,689 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,925 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,536
Businesses Nearby
Explore this area
Business Placement
Demographics for 10301, NY
41,474
Population
16,631
Households
2.5
Avg Household Size
40
Median Age
38%
College-Educated
88%
High-School Grad
3.8 sq mi
ZIP Area
10,914
Density / Sq Mi
$84,937
Median Household Income
$50,140
Median Earnings
$1,697
Median Rent
$657,000
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 - Three-family residence with updated electrical, floor-specific water heaters, and a professionally sealed basement.
Where is this triplex located?
The property is located at 10 Egmont Place Staten Island, NY.
What is the asking price?
The asking price for this property is $959,000.
What are key features of this property?
This property features: 2,872‑square‑foot triplex with three family apartments; New electrical throughout the entire house; New water heater for each floor
