Custom Residence on Parklike
For Sale
$1,674,999
9 Prague Ct, Staten Island, NY 10309
Sprawling residence with multigenerational living and investment potential.
Property Size3,864 SF
Days on Market97
Property Features for 9 Prague Ct
General Information
Standard status
Active
Size
3,864 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$11,714
Building Details
Building Size
3,864 SF
Year Built
1992
Stories
2
Listing Agency:
SI Premiere Properties
(718) 667-6400
Listed By:
Gregory A. Diaz · License #10311201987
(718) 667-6400
Source:
Elliman
Added: May 19
Changed: Aug 19
Last Checked: Aug 22 at 7:10AM
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 SI Premiere Properties
Investment Insights
Based on property information with market context.
Located on an oversized parklike property, this custom residence offers space and possibilities for multigenerational living, entertaining, or investment. The home features a layout with a large eat-in kitchen with a center island, a separate dining room, a sitting room, and a formal living room with a wood-burning fireplace. It is equipped with baseboard heat, central air conditioning, and a Weil-McLain heating system. The main level includes generously sized bedrooms with ceiling fans. The primary suite features two walk-in closets, a full bath with a separate shower, and a linen closet. A second bedroom includes two double closets, and additional bedrooms offer spacious layouts and storage. The fully finished lower level is tiled and features a family/recreation area, a 3/4 bath, a laundry room, and an oversized storage room. The property includes a second-floor one-bedroom apartment with approximately 700 square feet of living space, a king-sized bedroom, an eat-in kitchen, a living room with oversized windows, a ceiling fan, and a full bath. Additional features include a two-car garage, an oversized driveway, and yard space. The property is located in Staten Island, in one of the South Shore's desirable locations.
Key Highlights
- Oversized, privatized 100x240 parklike property in a desirable Staten Island location.
- Expansive second‑floor one‑bedroom apartment (approx. 700 sq ft) with separate entrance, suitable for extended family or rental income.
- Sprawling layout ideal for multigenerational living and entertaining.
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
$85,688
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
5.12%
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%
$1,713,760
$1.7M
Cap Rate 7%
$1,224,114
$1.2M
Cap Rate 9%
$952,089
$952.1K
Market Conditions
NOI Build-Up for 3,864 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
$162.3K $42.00/SF
− Vacancy
−$6.5K −$1.68/SF
EGI
$155.8K $40.32/SF
− OpEx
−$70.1K −$18.14/SF
NOI
$85.7K $22.18/SF
Area
Staten Island, NY
Vacancy
4.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
45.00%
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%
$1,713,760
Cap Rate 7%
$1,224,114
Cap Rate 9%
$952,089
Alternative Uses
Best Use
Apartment 5plus
$1.22M
$1.07M – $1.43M
NOI $85,688 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $129,058 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
441
Businesses Nearby
Explore this area
Business Placement
Demographics for 10309, NY
33,523
Population
12,770
Households
2.6
Avg Household Size
41
Median Age
40%
College-Educated
92%
High-School Grad
7.3 sq mi
ZIP Area
4,592
Density / Sq Mi
$123,638
Median Household Income
$67,348
Median Earnings
$1,907
Median Rent
$745,500
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?
Multifamily property - Sprawling residence with multigenerational living and investment potential.
Where is this multifamily property located?
The property is located at 9 Prague Ct Staten Island, NY.
What is the asking price?
The asking price for this property is $1,674,999.
What are key features of this property?
This property features: Oversized, privatized 100x240 parklike property in a desirable Staten Island location.; Expansive second‑floor one‑bedroom apartment (approx. 700 sq ft) with separate entrance, suitable for extended family or rental income.; Sprawling layout ideal for multigenerational living and entertaining.
