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    Well-Maintained Four-Family Property Title is generated by Realmo AI

    154 Weed Ave, Staten Island, NY 10306

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    For Sale
    $1,250,000

    Four-family property in New Dorp with strong rental income potential.

    Type:Multi Family
    Property size:
    1,560 SF
    Lot size:
    0.15 Acres
    Price / SF:
    $801/SF
    Added:
    Apr 11, 2026
    Days on Market:
    55
    Last Refresh:
    Apr 11 at 6:14 am

    Property Features for 154 Weed Ave

    General Information

    Standard status
    Active
    Size
    1,560 SF
    Lot size
    0.15 Acres
    Property subtype
    Multi Family

    Building Details

    Year Built
    1931

    We can help!

    Listing Contact
    Chun Hung (Leo) Tse

    Listing agent Chun Hung (Leo) Tse License #CT7740

    Listing office ProBase Real Estate

    Listing date Apr 11, 2026

    Source Elliman

    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

    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.
    • High walk score (95) indicating a 'Walker's Paradise' with excellent access to amenities.
    • Strong rental income potential with a mix of one‑bedroom and three‑bedroom units.
    • Excellent transit score (71) and bike score (57) offering multiple transportation options.

    Overview

    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.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Staten Island
    County
    Richmond
    State
    New York
    Longitude
    -74.106848
    Latitude
    40.563807

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    FAQs

    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.
    (718) 210-2727
    We can help!
    Listing Contact
    Chun Hung (Leo) Tse
    Real Estate License ID: CT7740
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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