Three-Story Mixed-Use
For Sale
$1,300,000
Pending
16 Burnside Ave, Staten Island, NY 10302
Includes three apartments and a street-level commercial unit.
Property Size4,050 SF
Days on Market81
Property Features for 16 Burnside Ave
General Information
Standard status
Pending
Size
4,050 SF
Total Parking Spaces
5
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/2BA, 1 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units
3
Building Details
Year Built
2019
Buildings
1
Stories
3
Listing Agency:
NextHome Prestige
Listed By:
Dennis Shteiman
(646) 707-5486
Source:
Statenislandhomelistings
Added: Jul 28
Changed: Oct 15
Last Checked: Oct 14 at 11:34PM
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 NextHome Prestige
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Investment Insights
Based on property information with market context.
Built in 2019, this three-story mixed-use property combines three residential apartments with a commercial space. The street-level commercial unit is currently unoccupied and features broad storefront windows, split A/C-Heat, and a ¾ bath. The first-floor residence is a two-bedroom, two-bath duplex with central A/C and Heat and a wrap-around terrace. Above it, the second-floor apartment offers two bedrooms, one bath, and central A/C-Heat, while the third-floor apartment has three bedrooms, two bathrooms, and central A/C and Heat.
The property includes five parking spaces that may be rented separately or assigned to tenants. It is located on Burnside Avenue in Staten Island’s Westerleigh area, near schools, parks, shopping, and restaurants. The property is zoned C4-1.
The property includes five parking spaces that may be rented separately or assigned to tenants. It is located on Burnside Avenue in Staten Island’s Westerleigh area, near schools, parks, shopping, and restaurants. The property is zoned C4-1.
Key Highlights
- Three‑story building constructed in 2019
- Three residential apartments plus one commercial unit
- Street‑level commercial space with large street‑facing windows, split A/C‑Heat, and ¾ bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,813
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,796,260
$1.8M
Cap Rate 7%
$1,283,043
$1.3M
Cap Rate 9%
$997,922
$997.9K
Market Conditions
NOI Build-Up for 4,050 SF
Gross rent
$170.1K $42.00/SF
− Vacancy
−$6.8K −$1.68/SF
EGI
$163.3K $40.32/SF
− OpEx
−$73.5K −$18.14/SF
NOI
$89.8K $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 Rate 5%
$1,796,260
Cap Rate 7%
$1,283,043
Cap Rate 9%
$997,922
Alternative Uses
Best Use
Apartment 5plus
$1.28M
$1.12M – $1.50M
NOI $89,813 @ 7.0% cap · market cap 6.91%
Second Best
Retail
$1.25M
$1.09M – $1.45M
NOI $87,159 @ 7.0% cap · market cap 6.70%
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $135,271 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,379
Businesses Nearby
Explore this area
Business Placement
Demographics for 10302, NY
20,931
Population
6,927
Households
3
Avg Household Size
35
Median Age
29%
College-Educated
85%
High-School Grad
1.2 sq mi
ZIP Area
17,443
Density / Sq Mi
$76,089
Median Household Income
$43,608
Median Earnings
$1,800
Median Rent
$586,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes three apartments and a street-level commercial unit.
Where is this mixed-use property located?
The property is located at 16 Burnside Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Three‑story building constructed in 2019; Three residential apartments plus one commercial unit; Street‑level commercial space with large street‑facing windows, split A/C‑Heat, and ¾ bath
