4-Unit
New
For Sale
$999,000
172-174 Llewellyn Place, Staten Island, NY 10310
Residential Income, Staten Island, NY
Property Size3,264 SF
Lot Size0.14 Acres
Price / SF$306.07
Days on Market3
Property Features for 172-174 Llewellyn Place
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
R-3X
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 2, Bathroom 4
Parking features
Underground/Basement, Off Street
Interior features
Ceiling Fan(s)
Basement
Unfinished
Lot features
Front Yard, Back Yard
Subdivision
Westerleigh
Standard status
Active
APN
00354-0047
Size
3,264 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
18811
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating)
Building Details
Year built
1934
Floors in Building
2
Number of units
4
Building materials
Vinyl Siding
Architectural style
Colonial
Listing Agency:
Leader Properties Inc.
(718) 367-7253
Listed By:
Christopher Burdzy · License #31BU1064996
(917) 586-3142
Added: Oct 3
Changed: Oct 5
Last Checked: Oct 5 at 7:06AM
MLS# 2605593
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 4-unit quadplex at 172-174 Llewellyn Place contains 3,264 square feet on a 0.1445-acre lot. Built in 1934, the Colonial-style property has vinyl siding and hot-water heating fueled by natural gas. Four garages are currently vacant, and the building is fully occupied. Tenants pay their own heat, hot water, cooking gas, and electricity. The property is zoned R-3X.
Key Highlights
- Four‑unit property is fully occupied
- 3,264 square feet on a 0.1445‑acre lot
- Four vacant garages
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
8.13%
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 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.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 units are occupied, and four vacant garages provide additional rental space.
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‑unit property is fully occupied; 3,264 square feet on a 0.1445‑acre lot; Four vacant garages
