Brick Triplex with
For Sale
$950,000
114 Montgomery Ave, Staten Island, NY 10301
The three-apartment layout includes two two-bedroom units and one one-bedroom unit.
Property Size2,596 SF
Price / SF$365.95
Days on Market58
Property Features for 114 Montgomery Ave
General Information
Standard status
Active
Size
2,596 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR, 1 x 1BR
Multifamily Units
3
Additional Details
Public Transit
Yes
Building Details
Year Built
1910
Construction
brick
Listing Agency:
Global Heritage Realty
Listed By:
Rajeev R Sharma
(718) 305-1570
Source:
Statenislandhomelistings
Added: Aug 19
Changed: Oct 1
Last Checked: Oct 14 at 11:26PM
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 Global Heritage Realty
Investment Insights
Based on property information with market context.
This brick triplex at 114 Montgomery Ave contains 2,596 square feet and dates to 1910. Its three apartments consist of two two-bedroom units and one one-bedroom unit. A backyard provides outdoor space at the property.
The Staten Island property is near the Staten Island Ferry, Staten Island Railway, and local and express bus service. Nearby destinations include Empire Outlets, Richmond County Bank Ballpark, restaurants, shops, and Downtown St. George.
The Staten Island property is near the Staten Island Ferry, Staten Island Railway, and local and express bus service. Nearby destinations include Empire Outlets, Richmond County Bank Ballpark, restaurants, shops, and Downtown St. George.
Key Highlights
- Three apartments: two 2‑bedroom units and one 1‑bedroom unit
- 2,596 square feet of building area
- Brick construction; built in 1910
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,558
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,291,160
$1.3M
Cap Rate 7%
$922,257
$922.3K
Cap Rate 9%
$717,311
$717.3K
Market Conditions
NOI Build-Up for 2,596 SF
Gross rent
$96.6K $37.20/SF
− Vacancy
−$4.3K −$1.67/SF
EGI
$92.2K $35.53/SF
− OpEx
−$27.7K −$10.66/SF
NOI
$64.6K $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 Rate 5%
$1,291,160
Cap Rate 7%
$922,257
Cap Rate 9%
$717,311
Alternative Uses
Best Use
Multifamily LT 5
$922.3K
$807.0K – $1.08M
NOI $64,558 @ 7.0% cap · market cap 6.80%
Second Best
Apartment 5plus
$822.4K
$719.6K – $959.5K
NOI $57,569 @ 7.0% cap · market cap 6.06%
Theoretical Best
Office A
$1.24M
$1.08M – $1.45M
NOI $86,707 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,664
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - The three-apartment layout includes two two-bedroom units and one one-bedroom unit.
Where is this triplex located?
The property is located at 114 Montgomery Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Three apartments: two 2‑bedroom units and one 1‑bedroom unit; 2,596 square feet of building area; Brick construction; built in 1910
