Multifamily Property with Finished
For Sale
$948,000
Pending
15 Birchard Ave, Staten Island, NY 10314
Three-bedroom home with multiple living areas, updated building systems, and direct access to the yard.
Property Size1,596 SF
Days on Market239
Property Features for 15 Birchard Ave
General Information
Standard status
Pending
Size
1,596 SF
Property subtype
Multi-Family
Building Details
Year Built
1980
Listing Agency:
Katz Realty NYC Inc.
Listed By:
Andres D David · License #10301218111
(718) 690-7068
Source:
Statenislandhomelistings
Added: Jan 7
Changed: Sep 2
Last Checked: Sep 2 at 6:44PM
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 NYC Inc.
Investment Insights
Based on property information with market context.
This 1,596-square-foot multifamily property, built in 1980, offers a three-bedroom layout with a formal living room, dining room, eat-in kitchen, and two half baths on the first level. The second floor contains the primary bedroom, two additional bedrooms, and a full bath. Hardwood flooring is featured in the living and dining rooms, while the home also includes a newer roof, replacement windows and sliders, heating, and central AC.
The finished basement adds a spacious family or entertainment area, laundry space, storage, and a high-and-dry configuration. A bow window, bay window, garden window, and sliding doors provide additional natural light and connection to the yard. The property is located at 15 Birchard Ave in Staten Island, NY 10314.
The finished basement adds a spacious family or entertainment area, laundry space, storage, and a high-and-dry configuration. A bow window, bay window, garden window, and sliding doors provide additional natural light and connection to the yard. The property is located at 15 Birchard Ave in Staten Island, NY 10314.
Key Highlights
- 1,596‑square‑foot multifamily property built in 1980
- Three‑bedroom layout with a full bath and two half baths
- Finished basement with family or entertainment area and laundry 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
$40,365
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
4.26%
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%
$807,300
$807.3K
Cap Rate 7%
$576,643
$576.6K
Cap Rate 9%
$448,500
$448.5K
Market Conditions
NOI Build-Up for 1,596 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
$76.6K $48.00/SF
− Vacancy
−$3.2K −$2.02/SF
EGI
$73.4K $45.98/SF
− OpEx
−$33.0K −$20.69/SF
NOI
$40.4K $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%
$807,300
Cap Rate 7%
$576,643
Cap Rate 9%
$448,500
Alternative Uses
Best Use
Apartment 5plus
$576.6K
$504.6K – $672.8K
NOI $40,365 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$761.5K
$666.3K – $888.5K
NOI $53,307 @ 7.0% cap · market cap 5.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
803
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
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 - Three-bedroom home with multiple living areas, updated building systems, and direct access to the yard.
Where is this multifamily property located?
The property is located at 15 Birchard Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $948,000.
What are key features of this property?
This property features: 1,596‑square‑foot multifamily property built in 1980; Three‑bedroom layout with a full bath and two half baths; Finished basement with family or entertainment area and laundry space
