Multifamily Property with Finished
For Sale
$699,888
Pending
134 Sturges St, Staten Island, NY 10314
Three bedrooms, a finished basement, and private off-street parking create a flexible residential layout.
Property Size1,200 SF
Days on Market69
Property Features for 134 Sturges St
General Information
Standard status
Pending
Size
1,200 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Additional Details
Multifamily Units
1
Building Details
Year Built
1930
Listing Agency:
Robert DeFalco Realty, Inc.
Listed By:
Raymond J Urciuoli
(718) 987-7900
Source:
Statenislandhomelistings
Added: Jul 7
Changed: Sep 11
Last Checked: Sep 12 at 10:06AM
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 Robert DeFalco Realty, Inc.
Investment Insights
Based on property information with market context.
This 1,200-square-foot multifamily property, built in 1930, includes three bedrooms, a finished attic, and a finished basement. The upper level adds usable living area, while the lower level includes a finished room, built-in cabinetry, and closet storage. Carpeting covers hardwood floors that can be restored to a traditional finish.
A private driveway accommodates approximately three mid-size vehicles. The property also includes a washer and dryer less than one year old, a dishwasher and refrigerator that are 4 years old, and skylights installed 9 months ago. Window sensors and a functional alarm system are in place. The address is near shopping, dining, parks, transportation, and other local amenities.
A private driveway accommodates approximately three mid-size vehicles. The property also includes a washer and dryer less than one year old, a dishwasher and refrigerator that are 4 years old, and skylights installed 9 months ago. Window sensors and a functional alarm system are in place. The address is near shopping, dining, parks, transportation, and other local amenities.
Key Highlights
- 1,200 SF multifamily property built in 1930
- Three‑bedroom layout with a fully finished attic
- Finished basement with a room, built‑in cabinetry, and closet space
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
$30,349
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
4.34%
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%
$606,980
$607.0K
Cap Rate 7%
$433,557
$433.6K
Cap Rate 9%
$337,211
$337.2K
Market Conditions
NOI Build-Up for 1,200 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
$57.6K $48.00/SF
− Vacancy
−$2.4K −$2.02/SF
EGI
$55.2K $45.98/SF
− OpEx
−$24.8K −$20.69/SF
NOI
$30.3K $25.29/SF
Area
ZIP 10314
Vacancy
4.20%
Lease Rate
$48.00 /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%
$606,980
Cap Rate 7%
$433,557
Cap Rate 9%
$337,211
Alternative Uses
Best Use
Apartment 5plus
$433.6K
$379.4K – $505.8K
NOI $30,349 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$572.6K
$501.0K – $668.0K
NOI $40,080 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,215
Businesses Nearby
Explore this area
Business Placement
Demographics for 10314, NY
92,157
Population
33,554
Households
2.7
Avg Household Size
41
Median Age
37%
College-Educated
89%
High-School Grad
13.0 sq mi
ZIP Area
7,089
Density / Sq Mi
$104,655
Median Household Income
$58,769
Median Earnings
$1,726
Median Rent
$665,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Three bedrooms, a finished basement, and private off-street parking create a flexible residential layout.
Where is this multifamily property located?
The property is located at 134 Sturges St Staten Island, NY.
What is the asking price?
The asking price for this property is $699,888.
What are key features of this property?
This property features: 1,200 SF multifamily property built in 1930; Three‑bedroom layout with a fully finished attic; Finished basement with a room, built‑in cabinetry, and closet space
