Four-Family Income
For Sale
$1,100,000
Pending
172-174 Llewellyn Place, Staten Island, NY 10310
Well-maintained four-family residence is fully rented and sold occupied, with four additional rentable garages.
Property Size3,264 SF
Days on Market353
Property Features for 172-174 Llewellyn Place
General Information
Standard status
Pending
Size
3,264 SF
Total Parking Spaces
4
Property subtype
MultiFamily
Zoning
R-3X
Occupancy
100%
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$15,409
Amenities
Eat In
Full Bath
4
Gas
Hot Water
Formal
4.00
Unfinished
Full
Units
3
Vinyl Siding
Building Details
Year Built
1934
Tenancy
Multi
Listing Agency:
Leader Properties Inc.
(917) 586-3142
Listed By:
Christopher Burdzy · License #31BU1064996
(917) 586-3142
Source:
Compass
Added: Sep 6, 2025
Changed: Aug 24
Last Checked: Aug 3 at 9:56AM
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 Leader Properties Inc.
Investment Insights
Based on property information with market context.
This well-maintained four-family income property is fully rented and will be sold occupied. The building includes four empty garages that can be rented for additional revenue, and each tenant is responsible for their own heat, hot water, cooking gas, and electricity.
The property is offered for sale with showings for qualified buyers by appointment.
With all four units currently occupied and separate utility responsibility in place, the asset is structured to support ongoing rental operations from day one.
The property is offered for sale with showings for qualified buyers by appointment.
With all four units currently occupied and separate utility responsibility in place, the asset is structured to support ongoing rental operations from day one.
Key Highlights
- Well‑maintained 4‑family residence built in 1934
- Property is fully rented and sold occupied
- Each tenant pays their own heat, hot water, cooking gas, and electricity
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
$81,170
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
7.38%
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%
$1,623,400
$1.6M
Cap Rate 7%
$1,159,571
$1.2M
Cap Rate 9%
$901,889
$901.9K
Market Conditions
NOI Build-Up for 3,264 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
$121.4K $37.20/SF
− Vacancy
−$5.5K −$1.67/SF
EGI
$116.0K $35.53/SF
− OpEx
−$34.8K −$10.66/SF
NOI
$81.2K $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%
$1,623,400
Cap Rate 7%
$1,159,571
Cap Rate 9%
$901,889
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.01M – $1.35M
NOI $81,170 @ 7.0% cap · market cap 7.38%
Second Best
Apartment 5plus
$1.03M
$904.8K – $1.21M
NOI $72,382 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $109,018 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,370
Businesses Nearby
Explore this area
Business Placement
Demographics for 10310, NY
26,667
Population
9,909
Households
2.7
Avg Household Size
37
Median Age
31%
College-Educated
88%
High-School Grad
1.8 sq mi
ZIP Area
14,815
Density / Sq Mi
$106,118
Median Household Income
$57,861
Median Earnings
$1,638
Median Rent
$623,300
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?
Quadplex - Well-maintained four-family residence is fully rented and sold occupied, with four additional rentable garages.
Where is this quadplex located?
The property is located at 172-174 Llewellyn Place Staten Island, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Well‑maintained 4‑family residence built in 1934; Property is fully rented and sold occupied; Each tenant pays their own heat, hot water, cooking gas, and electricity
