Updated Multifamily
For Sale
$879,000
163 Braisted Ave, Staten Island, NY 10314
Recent improvements include ductless climate control, refreshed interior space, and a new backyard deck.
Property Size2,346 SF
Price / SF$374.68
Days on Market15
Property Features for 163 Braisted Ave
General Information
Standard status
Active
Size
2,346 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Building Details
Year Built
1980
Listing Agency:
Reliance Realty One
Listed By:
Tsun Ming "Calvin" Lau · License #10301216684
(917) 332-8987
Source:
Statenislandhomelistings
Added: Oct 3
Changed: Oct 11
Last Checked: Oct 16 at 8:54AM
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 Reliance Realty One
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Investment Insights
Based on property information with market context.
This 2,346-square-foot multifamily property, built in 1980, includes a main residence and first-floor living area. Five ductless split units were installed in 2024, with four serving the main unit and one on the first floor. The basement was updated in 2024 and includes laundry and storage space. Kitchen improvements include stainless steel appliances and cabinetry, and a washer and dryer were added in 2023.
Recent exterior work includes a roof and gutters installed in 2024, a new front door that year, and a backyard deck completed in 2025. The property is on Braisted Ave in Staten Island, near the Staten Island Mall, expressway access, parks, and public transportation.
Recent exterior work includes a roof and gutters installed in 2024, a new front door that year, and a backyard deck completed in 2025. The property is on Braisted Ave in Staten Island, near the Staten Island Mall, expressway access, parks, and public transportation.
Key Highlights
- 2,346 square feet; built in 1980
- Five ductless split units installed in 2024: four in the main unit and one on the first floor
- Updated basement with laundry and storage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,333
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,186,660
$1.2M
Cap Rate 7%
$847,614
$847.6K
Cap Rate 9%
$659,256
$659.3K
Market Conditions
NOI Build-Up for 2,346 SF
Gross rent
$112.6K $48.00/SF
− Vacancy
−$4.7K −$2.02/SF
EGI
$107.9K $45.98/SF
− OpEx
−$48.5K −$20.69/SF
NOI
$59.3K $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 Rate 5%
$1,186,660
Cap Rate 7%
$847,614
Cap Rate 9%
$659,256
Alternative Uses
Best Use
Apartment 5plus
$847.6K
$741.7K – $988.9K
NOI $59,333 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$979.5K – $1.31M
NOI $78,357 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
770
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
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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?
Multifamily property - Recent improvements include ductless climate control, refreshed interior space, and a new backyard deck.
Where is this multifamily property located?
The property is located at 163 Braisted Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $879,000.
What are key features of this property?
This property features: 2,346 square feet; built in 1980; Five ductless split units installed in 2024: four in the main unit and one on the first floor; Updated basement with laundry and storage space
