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    Staten Island Multifamily Investment Opportunity Title is generated by Realmo AI

    12 Balfour Street, Staten Island, NY 10305

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    Claim this Listing
    Pending
    $1,099,999

    MULTI_FAMILY - Staten Island, NY

    Property size:
    3,245 SF
    Lot size:
    0.07 Acres
    Added:
    Apr 22, 2026
    Days on Market:
    50
    Last Refresh:
    Jun 10 at 7:06 pm

    Property Features for 12 Balfour Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R3-X
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Bathroom 2, Bedroom 1, Bathroom 4, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 2
    Parking features
    On Street
    Standard status
    Pending
    APN
    03402-0011
    Size
    3,245 SF
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Tax Annual Amount
    9589

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Steam, Oil

    Building Details

    Year built
    1931
    Floors in Building
    2
    Number of units
    1
    Building materials
    Stone

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    Listing Contact
    Theresa Kane

    Listing agent Theresa Kane

    Listing office Homes R Us Realty of NY, Inc. 111 Fingerboard Road, Staten Island, NY

    Listing date Apr 22, 2026

    MLS# 2602163 Listing URL

    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.

    HighLights

    • Strong income potential with an estimated $8,400 monthly rental income.
    • Legal 4‑family property in a prime South Beach location.
    • Two separate buildings: a main building with three units and a single‑story ranch with a basement and private yard.
    • One unit recently renovated with a brand‑new kitchen and appliances.
    • Large attic with high ceilings in the main building, offering additional usable space.
    • Convenient location near the Verrazano Bridge, public transportation, shopping, restaurants, and beaches.

    Overview

    This legal 4-family property comprises two separate buildings, offering income potential in a South Beach location. The main building contains three units: a two-bedroom apartment on the first floor, a one-bedroom on the second floor, and a studio that could be converted into a one-bedroom. One of the units features a renovated kitchen and appliances. A large attic with high ceilings provides additional usable space. The second building is a single-story ranch with a full basement and private yard, configured as a one-bedroom unit suitable for rental income or owner occupancy. The property is located minutes from the Verrazano Bridge, public transportation, shopping, restaurants, and beaches. The property, zoned R3-X, is situated on a lot of 0.07 acres. The property size is 3245 square feet. The property offers an estimated rental income of approximately 8,400 per month, presenting an opportunity for investors or end-users seeking cash flow and long-term upside.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $132.4k $40.80
    − Vacancy −$10.7k −$3.29
    EGI $121.7k $37.51
    − OpEx −$36.5k −$11.25
    NOI $85.2k $26.26
    3,245 SF · lease $40.80/SF/yr · vacancy 8.07% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $1.22M
    $1.06M – $1.42M (±1% cap)
    NOI $85,198 @ 7.0% cap · market cap 7.75%
    Second Best
    Apartment 5plus
    $1.12M
    $979.8K – $1.31M (±1% cap)
    NOI $78,386 @ 7.0% cap · market cap 7.13%
    Theoretical Best
    Office A
    $1.55M
    $1.35M – $1.81M (±1% cap)
    NOI $108,384 @ 7.0% cap · market cap 9.85%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Staten Island
    County
    Richmond
    State
    New York
    Longitude
    -74.069873
    Latitude
    40.592431

    FAQs

    What type of property is this?
    Quadplex - Legal 4-family property in prime South Beach location.
    Where is this quadplex located?
    The property is located at 12 Balfour Street Staten Island, NY.
    What is the asking price?
    The asking price for this property is $1,099,999.
    What are key features of this property?
    This property features: Strong income potential with an estimated $8,400 monthly rental income.; Legal 4‑family property in a prime South Beach location.; Two separate buildings: a main building with three units and a single‑story ranch with a basement and private yard.
    More about this property
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