End-Unit Multifamily
For Sale
$649,900
Pending
176 Russek Dr, Staten Island, NY 10312
Well-maintained townhouse with flexible loft space, private outdoor area, and convenient access to transportation and daily amenities.
Property Size1,805 SF
Days on Market202
Property Features for 176 Russek Dr
General Information
Standard status
Pending
Size
1,805 SF
Property subtype
Multi-Family
Building Details
Year Built
1981
Listing Agency:
RE/MAX Elite
Listed By:
Andrew C Morgan · License #10401337146
(917) 364-1979
Source:
Statenislandhomelistings
Added: Feb 12
Changed: Aug 30
Last Checked: Aug 31 at 5:40PM
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 RE/MAX Elite
Investment Insights
Based on property information with market context.
This well-maintained end-unit townhouse at 176 Russek Dr in Staten Island offers 1,805 square feet with three bedrooms, two bathrooms, and a finished loft that can serve as a fourth bedroom or home office. The interior includes an eat-in kitchen, dedicated dining room, and sunken living room with a wood-burning fireplace. Sliding doors open to a private paved backyard for outdoor use.
Built in 1981, the property is near parks, playgrounds, schools, and shopping. Major highway connections and express bus service support commuter access, while the townhouse layout provides multiple living and work areas within a multifamily residential setting.
Built in 1981, the property is near parks, playgrounds, schools, and shopping. Major highway connections and express bus service support commuter access, while the townhouse layout provides multiple living and work areas within a multifamily residential setting.
Key Highlights
- End‑unit townhouse with 1,805 square feet
- Three bedrooms, two bathrooms, and a finished loft
- Loft offers flexibility as a fourth bedroom or home office
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
$39,241
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
6.04%
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%
$784,820
$784.8K
Cap Rate 7%
$560,586
$560.6K
Cap Rate 9%
$436,011
$436.0K
Market Conditions
NOI Build-Up for 1,805 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
$78.0K $43.20/SF
− Vacancy
−$6.6K −$3.67/SF
EGI
$71.3K $39.53/SF
− OpEx
−$32.1K −$17.79/SF
NOI
$39.2K $21.74/SF
Area
ZIP 10312
Vacancy
8.50%
Lease Rate
$43.20 /SF/Yr
Expense Ratio
45.00%
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%
$784,820
Cap Rate 7%
$560,586
Cap Rate 9%
$436,011
Alternative Uses
Best Use
Apartment 5plus
$560.6K
$490.5K – $654.0K
NOI $39,241 @ 7.0% cap · market cap 6.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$861.2K
$753.6K – $1.00M
NOI $60,287 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
446
Businesses Nearby
Explore this area
Business Placement
Demographics for 10312, NY
61,642
Population
22,547
Households
2.7
Avg Household Size
43
Median Age
41%
College-Educated
92%
High-School Grad
6.9 sq mi
ZIP Area
8,934
Density / Sq Mi
$111,434
Median Household Income
$62,700
Median Earnings
$1,911
Median Rent
$698,900
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?
Multifamily property - Well-maintained townhouse with flexible loft space, private outdoor area, and convenient access to transportation and daily amenities.
Where is this multifamily property located?
The property is located at 176 Russek Dr Staten Island, NY.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: End‑unit townhouse with 1,805 square feet; Three bedrooms, two bathrooms, and a finished loft; Loft offers flexibility as a fourth bedroom or home office
