Occupied 4-Unit
For Sale
$999,000
172-174 Llewellyn Place, Staten Island, NY 10310
All four residences are occupied, with tenants responsible for their own heat, hot water, cooking gas, and electricity.
Property Size3,264 SF
Days on Market12
Property Features for 172-174 Llewellyn Place
General Information
Standard status
Active
Size
3,264 SF
Property subtype
Quadruplex
Taxes and HOA fees
Annual Taxes
$18,811
Building Details
Building Size
3,264 SF
Year Built
1934
Listing Agency:
Leader Properties Inc.
Listed By:
Christopher Burdzy · License #31BU1064996
(917) 586-3142
Source:
Wonicarealtors
Added: Oct 4
Changed: Oct 11
Last Checked: Oct 15 at 6:55AM
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.
Built in 1934, this four-unit property in Westerleigh is fully occupied and offered in its current as-is condition. Tenants pay their own heat, hot water, cooking gas, and electricity. The rents are not regulated.
Four vacant garages are part of the property and may be rented separately. The sale is offered to all-cash buyers and 1031 exchange participants, with showings by appointment to qualified buyers.
Four vacant garages are part of the property and may be rented separately. The sale is offered to all-cash buyers and 1031 exchange participants, with showings by appointment to qualified buyers.
Key Highlights
- Four occupied residential units; rents are not regulated
- Four vacant garages that may be rented separately
- Tenants pay for heat, hot water, cooking gas, and electricity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,170
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
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
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 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 8.13%
Second Best
Apartment 5plus
$1.03M
$904.8K – $1.21M
NOI $72,382 @ 7.0% cap · market cap 7.25%
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $109,018 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
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 - All four residences are occupied, with tenants responsible for their own heat, hot water, cooking gas, and electricity.
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 $999,000.
What are key features of this property?
This property features: Four occupied residential units; rents are not regulated; Four vacant garages that may be rented separately; Tenants pay for heat, hot water, cooking gas, and electricity
