Mixed-Use Quadplex with Commercial
For Sale
$1,300,000
16 Burnside Avenue, Staten Island, NY 10302
Residential Income, Staten Island, NY
Property Size4,050 SF
Lot Size0.08 Acres
Price / SF$320.99
Days on Market56
Property Features for 16 Burnside Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
C4-1
Bedrooms
7
Bathrooms
7
Full bathrooms
5
Half bathrooms
1
Rooms
Bedroom 5, Bathroom 4, Bathroom 5, Bathroom 6, Bedroom 3, Bathroom 3, Bedroom 4, Bedroom 1, Bedroom 6, Bathroom 2, Bathroom 7, Bathroom 1, Bedroom 7, Bedroom 2
Parking features
On Street, Assigned
Interior features
Walk-In Closet(s)
Exterior features
Balcony
Fencing
Fenced
Subdivision
Westerleigh
Standard status
Active
Size
4,050 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
15561
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Building Details
Year built
2019
Floors in Building
3
Number of units
4
Building materials
Stucco, Vinyl Siding
Listing Agency:
NextHome Prestige
(718) 980-2100
Listed By:
Dennis Shteiman
(646) 707-5486
Added: Jul 28
Changed: Sep 13
Last Checked: Sep 21 at 6:06PM
MLS# 2604247
Copyright © 2026 Staten Island Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 16 Burnside Avenue in Staten Island, this 4,050-square-foot, three-story mixed-use quadplex was built in 2019 and is zoned C4-1. The property includes three residential apartments and a commercial unit with large street-facing windows, split A/C-Heat, and a 3/4 bath. The commercial space is currently unoccupied.
The first-floor residence is a two-bedroom, two-bath duplex with a wraparound terrace and central A/C and heat. The second-floor apartment offers two bedrooms, one bath, and central A/C-Heat, while the third-floor apartment includes three bedrooms, two baths, and central A/C and heat. Five parking spaces are available for tenant use or rental. The property also includes assigned and on-street parking, public sewer, natural gas forced-air heating, central air, and fenced exterior areas.
The first-floor residence is a two-bedroom, two-bath duplex with a wraparound terrace and central A/C and heat. The second-floor apartment offers two bedrooms, one bath, and central A/C-Heat, while the third-floor apartment includes three bedrooms, two baths, and central A/C and heat. Five parking spaces are available for tenant use or rental. The property also includes assigned and on-street parking, public sewer, natural gas forced-air heating, central air, and fenced exterior areas.
Key Highlights
- 4,050‑square‑foot, three‑story building on a 0.0849‑acre lot
- Three residential apartments plus a commercial unit
- Commercial space features large street‑facing windows, split A/C‑Heat, and a 3/4 bath
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
$100,716
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
7.75%
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%
$2,014,320
$2.0M
Cap Rate 7%
$1,438,800
$1.4M
Cap Rate 9%
$1,119,067
$1.1M
Market Conditions
NOI Build-Up for 4,050 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
$150.7K $37.20/SF
− Vacancy
−$6.8K −$1.67/SF
EGI
$143.9K $35.53/SF
− OpEx
−$43.2K −$10.66/SF
NOI
$100.7K $24.87/SF
Area
Staten Island, NY
Vacancy
4.50%
Lease Rate
$37.20 /SF/Yr
Expense Ratio
30.00%
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%
$2,014,320
Cap Rate 7%
$1,438,800
Cap Rate 9%
$1,119,067
Alternative Uses
Best Use
Multifamily LT 5
$1.44M
$1.26M – $1.68M
NOI $100,716 @ 7.0% cap · market cap 7.75%
Second Best
Apartment 5plus
$1.28M
$1.12M – $1.50M
NOI $89,813 @ 7.0% cap · market cap 6.91%
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.
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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?
Quadplex - Three residential apartments accompany a street-facing commercial unit in a three-story mixed-use building.
Where is this quadplex located?
The property is located at 16 Burnside Avenue 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: 4,050‑square‑foot, three‑story building on a 0.0849‑acre lot; Three residential apartments plus a commercial unit; Commercial space features large street‑facing windows, split A/C‑Heat, and a 3/4 bath
