Four-Family Income
For Sale
$1,100,000
Pending
172-174 Llewellyn Pl, Staten Island, NY 10314
Well-maintained four-family residence is fully rented and sold occupied, with four additional rentable garages.
Property Size3,264 SF
Days on Market680
Property Features for 172-174 Llewellyn Pl
General Information
Standard status
Pending
Size
3,264 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
4
Building Details
Year Built
1934
Tenancy
Multi
Listing Agency:
Leader Properties Inc.
Listed By:
Christopher Burdzy · License #31BU1064996
(917) 586-3142
Source:
Statenislandhomelistings
Added: Oct 31, 2024
Changed: Sep 9
Last Checked: Sep 9 at 11:23AM
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
$89,025
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
8.09%
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%
$1,780,500
$1.8M
Cap Rate 7%
$1,271,786
$1.3M
Cap Rate 9%
$989,167
$989.2K
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
$133.2K $40.80/SF
− Vacancy
−$6.0K −$1.84/SF
EGI
$127.2K $38.96/SF
− OpEx
−$38.2K −$11.69/SF
NOI
$89.0K $27.27/SF
Area
ZIP 10314
Vacancy
4.50%
Lease Rate
$40.80 /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%
$1,780,500
Cap Rate 7%
$1,271,786
Cap Rate 9%
$989,167
Alternative Uses
Best Use
Multifamily LT 5
$1.27M
$1.11M – $1.48M
NOI $89,025 @ 7.0% cap · market cap 8.09%
Second Best
Apartment 5plus
$1.18M
$1.03M – $1.38M
NOI $82,550 @ 7.0% cap · market cap 7.50%
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
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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 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
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
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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 Pl 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
