Brick Triplex With Flexible
For Sale
$925,000
164 Brighton Avenue, Staten Island, NY 10301
Three-unit property with a backyard and adaptable third-unit configuration.
Property Size1,672 SF
Price / SF$553.23
Days on Market377
Property Features for 164 Brighton Avenue
General Information
Standard status
Active
Size
1,672 SF
Property subtype
MultiFamily
Zoning
R3A
Taxes and HOA fees
Annual Taxes
$4,488
Amenities
Eat In
Full Bath
2
Gas
Hot Water
Separate
.00
Finished
Full
Brick
Building Details
Year Built
1920
Tenancy
Multi
Listing Agency:
Our Island Real Estate, Inc.
(347) 512-6080
Listed By:
Jonathan Bruno · License #10301219465
(347) 512-6080
Source:
Compass
Added: Aug 19, 2025
Changed: Aug 30
Last Checked: Aug 30 at 6:20AM
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 Our Island Real Estate, Inc.
Investment Insights
Based on property information with market context.
This semi-attached triplex offers 1,672 square feet across three units, with a layout that accommodates multiple occupancy arrangements. The third unit can be connected to the first floor, creating a larger duplex-style configuration. The property also includes a full bath, gas service, hot water, separate utilities, finished areas, and brick exterior construction. Built in 1920, the residence presents a flexible multifamily setup for continued rental use or personal occupancy.
Outdoor space includes a sizable backyard with room for private use, storage, or off-street parking. The property is situated near major transportation, shopping, and local eateries, with access to everyday neighborhood conveniences. R3A zoning supports its multifamily classification.
Outdoor space includes a sizable backyard with room for private use, storage, or off-street parking. The property is situated near major transportation, shopping, and local eateries, with access to everyday neighborhood conveniences. R3A zoning supports its multifamily classification.
Key Highlights
- Three‑unit semi‑attached multifamily property
- 1,672 square feet with a flexible three‑unit layout
- Third unit can connect with the first floor for a duplex‑style configuration
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
$41,580
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
4.50%
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%
$831,600
$831.6K
Cap Rate 7%
$594,000
$594.0K
Cap Rate 9%
$462,000
$462.0K
Market Conditions
NOI Build-Up for 1,672 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
$62.2K $37.20/SF
− Vacancy
−$2.8K −$1.67/SF
EGI
$59.4K $35.53/SF
− OpEx
−$17.8K −$10.66/SF
NOI
$41.6K $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%
$831,600
Cap Rate 7%
$594,000
Cap Rate 9%
$462,000
Alternative Uses
Best Use
Multifamily LT 5
$594.0K
$519.8K – $693.0K
NOI $41,580 @ 7.0% cap · market cap 4.50%
Second Best
Apartment 5plus
$529.7K
$463.5K – $618.0K
NOI $37,078 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$797.8K
$698.1K – $930.8K
NOI $55,845 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
987
Businesses Nearby
Explore this area
Business Placement
Demographics for 10301, NY
41,474
Population
16,631
Households
2.5
Avg Household Size
40
Median Age
38%
College-Educated
88%
High-School Grad
3.8 sq mi
ZIP Area
10,914
Density / Sq Mi
$84,937
Median Household Income
$50,140
Median Earnings
$1,697
Median Rent
$657,000
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?
Triplex - Three-unit property with a backyard and adaptable third-unit configuration.
Where is this triplex located?
The property is located at 164 Brighton Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Three‑unit semi‑attached multifamily property; 1,672 square feet with a flexible three‑unit layout; Third unit can connect with the first floor for a duplex‑style configuration
