Three-Story Multifamily Building with Commercial
For Sale
$1,300,000
16 Burnside Avenue, Staten Island, NY 10302
MULTI_FAMILY - Staten Island, NY
Property Size4,050 SF
Lot Size0.08 Acres
Price / SF$320.99
Days on Market26
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
Bathroom 2, Bathroom 4, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 6, Bedroom 6, Bedroom 5, Bedroom 4, Bedroom 7, Bathroom 3, Bathroom 5, Bathroom 7, Bedroom 3
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: Aug 7
Last Checked: Aug 22 at 5:06PM
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.
This three-story multifamily building includes three residential apartments plus one commercial unit. The commercial space features large street-facing windows, a split A/C-heat system, and a 3/4 bath, and it is currently unoccupied. The first-floor residential unit is a duplex with two bedrooms and two bathrooms, a wrap-around terrace, and central A/C and heat, and it is currently unoccupied. The second-floor unit has two bedrooms and one bathroom with a central A/C-heat system. The third-floor apartment offers three bedrooms and two bathrooms with central A/C and heat. Interior features include walk-in closet(s), and the exterior includes a balcony.
Construction is stucco with vinyl siding, and the property has natural gas forced-air heating with central air. The building is serviced by public sewer. Parking totals five spaces that can be rented or provided to tenants, with assigned and on-street options, and the property is fenced.
Built in 2019 on a 0.0849-acre lot with 4,050 square feet of property size, this C4-1 zoned asset is positioned in the Westerleigh area of Staten Island.
Construction is stucco with vinyl siding, and the property has natural gas forced-air heating with central air. The building is serviced by public sewer. Parking totals five spaces that can be rented or provided to tenants, with assigned and on-street options, and the property is fenced.
Built in 2019 on a 0.0849-acre lot with 4,050 square feet of property size, this C4-1 zoned asset is positioned in the Westerleigh area of Staten Island.
Key Highlights
- Built in 2019
- 0.0849‑acre lot with 4,050 SF building size
- Three apartments plus one commercial unit; commercial unit is unoccupied
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
$89,813
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
6.91%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
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
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-story building with three apartments and an unoccupied commercial unit, zoned C4-1, with central air and natural gas forced-air heat.
Where is this multifamily property 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: Built in 2019; 0.0849‑acre lot with 4,050 SF building size; Three apartments plus one commercial unit; commercial unit is unoccupied
