Brick Three-Family
New
For Sale
$950,000
114 Montgomery Ave, Staten Island, NY 10301
Residential Income, Staten Island, NY
Property Size2,596 SF
Lot Size0.05 Acres
Price / SF$365.95
Days on Market1
Property Features for 114 Montgomery Ave
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R5
Bedrooms
5
Bathrooms
4
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 4, Bathroom 1, Bathroom 3
Parking features
On Street
Lot features
Back Yard
Subdivision
St. George
Standard status
Active
APN
500017-0109
Size
2,596 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
6209
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Amenities
large backyard
Building Details
Year built
1910
Floors in Building
3
Number of units
3
Building materials
Brick
Architectural style
Other
Listing Agency:
Global Heritage Realty
Listed By:
Rajeev R Sharma
(718) 305-1570
Added: Sep 9
Last Checked: Sep 9 at 5:06PM
MLS# 2605063
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.
Investment Insights
Based on property information with market context.
This 2,596-square-foot brick triplex, built in 1910, contains three residential units: two two-bedroom apartments and one one-bedroom apartment. The property includes a large backyard, on-street parking, hot-water heating, natural gas service, and a public sewer connection. R5 zoning supports the existing residential configuration.
The property is in Staten Island’s North Shore area 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 the commercial and residential activity of Downtown St. George. Its address is 114 Montgomery Ave, Staten Island, NY 10301.
The property is in Staten Island’s North Shore area 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 the commercial and residential activity of Downtown St. George. Its address is 114 Montgomery Ave, Staten Island, NY 10301.
Key Highlights
- Three‑family configuration with two 2‑bedroom units and one 1‑bedroom unit
- 2,596 square feet on a 0.0488‑acre lot
- Brick construction; built in 1910
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
$64,558
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
6.80%
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%
$1,291,160
$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
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
$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 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%
$1,291,160
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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units with a two-bedroom and one-bedroom mix, plus outdoor space and public transportation access.
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‑family configuration with two 2‑bedroom units and one 1‑bedroom unit; 2,596 square feet on a 0.0488‑acre lot; Brick construction; built in 1910
