Four-Unit Quadplex with Four
For Sale
$1,100,000
Pending
172-174 Llewellyn Place, Staten Island, NY 10314
MULTI_FAMILY - Staten Island, NY
Property Size3,264 SF
Lot Size0.14 Acres
Days on Market354
Property Features for 172-174 Llewellyn Place
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
R-3X
Bedrooms
4
Bathrooms
7
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 1, Bedroom 4, Bathroom 5, Bathroom 3, Bathroom 4, Bathroom 7, Bathroom 8, Bedroom 1, Bathroom 6, Bathroom 2, Bedroom 2
Parking features
Off Street
Interior features
Ceiling Fan(s)
Fencing
Fenced
Basement
Full, Unfinished
Lot features
Front Yard, Back Yard
Subdivision
Westerleigh
Standard status
Pending
APN
00354-0047
Size
3,264 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
15409
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
Listing Agency:
Leader Properties Inc.
(718) 367-7253
Listed By:
Christopher Burdzy · License #31BU1064996
(917) 586-3142
Added: Sep 5, 2025
Changed: Aug 2
Last Checked: Aug 24 at 10:06PM
MLS# 2505205
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.
Well maintained four-family quadplex at 172-174 Llewellyn Place, Staten Island, NY 10314, on a 0.1445-acre lot and 3,264 SF. Built in 1934 with vinyl siding, the property includes natural gas heating and hot water heating, with ceiling fans and fenced grounds. Public sewer services the building, and there is off-street parking.
The property is fully rented and will be sold occupied. Each tenant pays for their own heat, hot water, cooking gas, and electricity. In addition, there are four empty garages that can be rented for additional revenue.
Zoned R-3X, this setup supports a straightforward rental configuration with separate tenant utilities and on-site garage options.
The property is fully rented and will be sold occupied. Each tenant pays for their own heat, hot water, cooking gas, and electricity. In addition, there are four empty garages that can be rented for additional revenue.
Zoned R-3X, this setup supports a straightforward rental configuration with separate tenant utilities and on-site garage options.
Key Highlights
- Fully rented four‑family quadplex sold occupied
- 0.1445‑acre lot and 3,264 SF building
- R‑3X zoning
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
Property Profile
Current Use
Lease Details
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit quadplex in R-3X zoning with four empty garages and off-street parking, sold occupied and fully rented.
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: Fully rented four‑family quadplex sold occupied; 0.1445‑acre lot and 3,264 SF building; R‑3X zoning
