Triplex Property with
For Sale
$948,000
11 Remsen Street, Staten Island, NY 10304
Residential, Triplex, Staten Island, NY
Property Size2,042 SF
Lot Size0.05 Acres
Price / SF$464.25
Days on Market49
Property Features for 11 Remsen Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R3X
Bedrooms
4
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 4, Bathroom 4, Bedroom 3, Bedroom 2, Bedroom 1
Parking features
Garage
Interior features
A/C Unit, A/C Unit - Window, Dishwasher, Dryer, Fireplace, Microwave, Refrigerator, Stove, Washer, Window Treatments
Fireplace
1
Basement
Finished, Full
Subdivision
Dongan Hills-Above Hylan
Standard status
Active
Size
2,042 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
6464
Amenities
sunroom
finished basement
built-in garage
private backyard
Building Details
Year built
1975
Floors in Building
3
Number of units
1
Flooring type
Hardwood, Ceramic
Building materials
Wood Frame
Roof type
Shingle
Architectural style
Other
Listing Agency:
Keller Williams Realty Staten
(718) 766-7159
Listed By:
Kristina Patafio
(718) 766-7159
Added: Jul 16
Changed: Aug 26
Last Checked: Sep 2 at 5:06AM
MLS# 503086
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.
This 2,042-square-foot triplex property, built in 1975, combines a three-bedroom main residence with a separate one-bedroom apartment. The primary home includes hardwood flooring, a renovated eat-in kitchen with granite countertops and stainless steel appliances, and a legal sunroom extension. A finished basement, one full bathroom, two half bathrooms, fireplace, and window and unit air-conditioning are also included. The property has wood-frame construction, a shingle roof, and a built-in garage.
Located at 11 Remsen Street in Staten Island, the property is near bus and train service and minutes from the Verrazzano Bridge. The 0.0547-acre parcel is zoned R3X and includes a private backyard.
Located at 11 Remsen Street in Staten Island, the property is near bus and train service and minutes from the Verrazzano Bridge. The 0.0547-acre parcel is zoned R3X and includes a private backyard.
Key Highlights
- 2,042 square feet on a 0.0547‑acre parcel
- Triplex configuration with a three‑bedroom main residence and separate one‑bedroom apartment
- Renovated eat‑in kitchen with granite countertops and stainless steel appliances
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
$50,459
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
5.32%
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%
$1,009,180
$1.0M
Cap Rate 7%
$720,843
$720.8K
Cap Rate 9%
$560,656
$560.7K
Market Conditions
NOI Build-Up for 2,042 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
$78.4K $38.40/SF
− Vacancy
−$6.3K −$3.10/SF
EGI
$72.1K $35.30/SF
− OpEx
−$21.6K −$10.59/SF
NOI
$50.5K $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%
$1,009,180
Cap Rate 7%
$720,843
Cap Rate 9%
$560,656
Alternative Uses
Best Use
Multifamily LT 5
$720.8K
$630.7K – $841.0K
NOI $50,459 @ 7.0% cap · market cap 5.32%
Second Best
Apartment 5plus
$660.6K
$578.1K – $770.7K
NOI $46,244 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$974.3K
$852.5K – $1.14M
NOI $68,203 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,773
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 - Three-bedroom main residence includes a renovated eat-in kitchen and separate one-bedroom apartment.
Where is this triplex located?
The property is located at 11 Remsen Street Staten Island, NY.
What is the asking price?
The asking price for this property is $948,000.
What are key features of this property?
This property features: 2,042 square feet on a 0.0547‑acre parcel; Triplex configuration with a three‑bedroom main residence and separate one‑bedroom apartment; Renovated eat‑in kitchen with granite countertops and stainless steel appliances
