Fully Renovated Six-Unit Apartment
For Sale
$1,650,000
105 Seaview Avenue, Staten Island, NY 10304
MULTI_FAMILY - Staten Island, NY
Property Size5,760 SF
Lot Size0.10 Acres
Price / SF$286.46
Days on Market129
Property Features for 105 Seaview Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3X
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 3, Bathroom 4, Bathroom 2, Bathroom 1, Bathroom 5, Bathroom 6
Interior features
Refrigerator, Stove
Basement
Full
Subdivision
Todt Hil
Standard status
Active
Size
5,760 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
25185
Building Details
Year built
1931
Floors in Building
3
Number of units
6
Flooring type
Tile
Building materials
Brick
Roof type
Flat
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Yawei (Angel) Yang
(917) 708-9966
Added: Apr 2
Changed: Aug 4
Last Checked: Aug 8 at 12:06AM
MLS# 500185
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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.
105 Seaview Avenue is a fully renovated, legal six-family property offered vacant and described as free of rent control or stabilization. The layout includes a front five-family building and a rear grandfathered two-bedroom bungalow. Unit mix consists of four one-bedroom units and two two-bedroom units, each presented with brand-new finishes, modern kitchens, and updated bathrooms.
The property sits on a 0.1033-acre lot with approximately 5,760 square feet of living space. Construction is brick with a flat roof, and the building is dated 1931. Interior features noted include a refrigerator and stove, with tile flooring.
Zoned R3X, the home is located in Staten Island, New York (10304).
The property sits on a 0.1033-acre lot with approximately 5,760 square feet of living space. Construction is brick with a flat roof, and the building is dated 1931. Interior features noted include a refrigerator and stove, with tile flooring.
Zoned R3X, the home is located in Staten Island, New York (10304).
Key Highlights
- Offered vacant and described as free of rent control or stabilization
- Front five‑family building plus rear grandfathered two‑bedroom bungalow
- Four one‑bedroom units and two two‑bedroom units with brand‑new finishes
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
$130,442
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
7.91%
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%
$2,608,840
$2.6M
Cap Rate 7%
$1,863,457
$1.9M
Cap Rate 9%
$1,449,356
$1.4M
Market Conditions
NOI Build-Up for 5,760 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
$259.2K $45.00/SF
− Vacancy
−$22.0K −$3.83/SF
EGI
$237.2K $41.18/SF
− OpEx
−$106.7K −$18.53/SF
NOI
$130.4K $22.65/SF
Area
ZIP 10304
Vacancy
8.50%
Lease Rate
$45.00 /SF/Yr
Expense Ratio
45.00%
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%
$2,608,840
Cap Rate 7%
$1,863,457
Cap Rate 9%
$1,449,356
Alternative Uses
Best Use
Apartment 5plus
$1.86M
$1.63M – $2.17M
NOI $130,442 @ 7.0% cap · market cap 7.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.75M
$2.40M – $3.21M
NOI $192,385 @ 7.0% cap · market cap 11.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
2,549
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?
Apartment building - Legal six-unit multifamily on R3X zoning, offered vacant, fully renovated with brand-new interiors and modern kitchens.
Where is this apartment building located?
The property is located at 105 Seaview Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Offered vacant and described as free of rent control or stabilization; Front five‑family building plus rear grandfathered two‑bedroom bungalow; Four one‑bedroom units and two two‑bedroom units with brand‑new finishes
