Well-Maintained Four-Family
154 Weed Ave Staten Island, NY 10306
For Sale
$1,250,000
Pending
Four-family property in New Dorp with strong rental income potential.
Property Size1,560 SF
Lot Size0.15 Acres
Days on Market111
Property Features for 154 Weed Ave
General Information
Standard status
Pending
Size
1,560 SF
Lot size
0.15 Acres
Property subtype
Multi Family
Building Details
Year Built
1931
Listing Agency:
ProBase Real Estate
(718) 210-2727
Listed By:
Chun Hung (Leo) Tse · License #CT7740
(718) 210-2727
Source:
Elliman
Added: Apr 11
Changed: Jul 10
Last Checked: Jul 29 at 8:35AM
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 ProBase Real Estate
Investment Insights
Based on property information with market context.
This well-maintained, fully detached four-family property is located in New Dorp. Situated on a large 66x101 lot, the property offers abundant parking and does not require flood insurance. The building size is 26x60. The property includes a newly renovated basement and a second-floor rear unit, both featuring three bedrooms and delivered vacant. The first- and second-floor front units are well-kept one-bedroom apartments. The first-floor rear unit provides an additional three-bedroom layout, maximizing rental income potential. The location is near schools, Hylan Plaza shopping and dining, beaches, parks, and everyday conveniences. The walk score is 95, indicating a walker's paradise. The transit score is 71, reflecting excellent transit options. The bike score is 57, indicating bikeable surroundings. This property offers strong long-term value in a highly desirable neighborhood.
Key Highlights
- Fully detached four‑family property in a desirable location.
- Newly renovated basement and second‑floor rear unit, both with three bedrooms and delivered vacant.
- Large 66x101 lot with abundant parking and no flood insurance required.
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 | $59.9k | $38.40 |
| − Vacancy | −$3.3k | −$2.11 |
| EGI | $56.6k | $36.29 |
| − OpEx | −$17.0k | −$10.89 |
| NOI | $39.6k | $25.40 |
1,560 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$566.1K
$495.3K – $660.4K
NOI $39,626 @ 7.0% cap · market cap 3.17%
Second Best
Apartment 5plus
$503.0K
$440.2K – $586.9K
NOI $35,212 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$744.3K
$651.3K – $868.4K
NOI $52,104 @ 7.0% cap · market cap 4.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Four-family property in New Dorp with strong rental income potential.
Where is this quadplex located?
The property is located at 154 Weed Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Fully detached four‑family property in a desirable location.; **Newly renovated basement and second‑floor rear unit, both with three bedrooms and delivered vacant.**; Large 66x101 lot with abundant parking and no flood insurance required.
