Four-Family Residential Income
12 Castleton Avenue Staten Island, NY 10301
12 Castleton Avenue, Staten Island, NY, 10301
Contact for pricing
For Sale
Contact for pricing
Pending
Fully occupied 4-family property with four separately metered three-bedroom apartments and additional rented storage space.
Property Size4,440 SF
Days on Market480
Property Features for 12 Castleton Avenue
General Information
- Standard status
- Pending
- Size
- 4,440 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1931
Listing agency
Katz Realty
Listed by
Andres David · License #10301218111
Source
Crexi
Added: Mar 30, 2025 Updated: Jul 22 at 4:03AM Checked: Jul 22 at 4:03AM
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 Katz Realty
Investment Insights
Based on property information with market context.
This fully occupied four-family residential income property includes four separate apartments, each with three bedrooms and one bathroom. The units are separately metered, supporting individual utility billing. In addition to apartment rental income, the property generates extra revenue from rented storage space. The configuration also includes a large lot with a big backyard and parking.
The property is located near major transportation hubs, and it is described as being minutes from the Staten Island Ferry.
From a tenant and operations standpoint, the separately metered unit setup and the presence of additional storage revenue make this a straightforward, multi-income residential investment.
The property is located near major transportation hubs, and it is described as being minutes from the Staten Island Ferry.
From a tenant and operations standpoint, the separately metered unit setup and the presence of additional storage revenue make this a straightforward, multi-income residential investment.
Key Highlights
- Fully occupied 4‑family property built in 1931 with four residential units
- Four spacious apartments, each with 3 bedrooms and 1 bathroom
- Each apartment is separately metered
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 | $165.2k | $37.20 |
| − Vacancy | −$7.4k | −$1.67 |
| EGI | $157.7k | $35.53 |
| − OpEx | −$47.3k | −$10.66 |
| NOI | $110.4k | $24.87 |
4,440 SF · lease $37.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.58M
$1.38M – $1.84M
NOI $110,415 @ 7.0% cap · market cap 8.44%
Second Best
Apartment 5plus
$1.41M
$1.23M – $1.64M
NOI $98,461 @ 7.0% cap · market cap 7.53%
Theoretical Best
Office A
$2.12M
$1.85M – $2.47M
NOI $148,297 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Fully occupied 4-family property with four separately metered three-bedroom apartments and additional rented storage space.
Where is this quadplex located?
The property is located at 12 Castleton Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,308,000.
What are key features of this property?
This property features: Fully occupied 4‑family property built in 1931 with four residential units; Four spacious apartments, each with 3 bedrooms and 1 bathroom; Each apartment is separately metered
