Four-Unit Apartment
For Sale
Contact for pricing
178 -180 Goodwin Avenue, Staten Island, NY 10314
Four one-bedroom apartments feature updated kitchens, newer bathrooms, and access to finished basement areas.
Property Size3,440 SF
Price / SF$457.85
Days on Market14
Property Features for 178 -180 Goodwin Avenue
General Information
Standard status
Active
Size
3,440 SF
Property subtype
Multifamily
Zoning
R2
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Amenities
attic storage
huge backyard
Building Details
Year Built
1917
Stories
3
Units
4
Listing Agency:
Safari Real Estate
Listed By:
Cheryl Zajonc · License #40ZA0770065
Source:
Crexi
Added: Jul 29
Changed: Aug 10
Last Checked: Aug 11 at 12:36PM
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 Safari Real Estate
Investment Insights
Based on property information with market context.
This 3,440-square-foot quadplex, built in 1917, contains four one-bedroom apartments with updated kitchens and newer bathrooms. Two separate finished basement spaces add functional interior area, while attic storage provides additional convenience. The property also includes a sizable backyard and is zoned R2.
Located at 178–180 Goodwin Avenue in Staten Island, the property is near parks, schools, shopping, transportation, and houses of worship. The combination of four residential units, finished lower-level spaces, outdoor area, and storage creates a practical multifamily configuration for an investor or owner-occupant.
Located at 178–180 Goodwin Avenue in Staten Island, the property is near parks, schools, shopping, transportation, and houses of worship. The combination of four residential units, finished lower-level spaces, outdoor area, and storage creates a practical multifamily configuration for an investor or owner-occupant.
Key Highlights
- Four one‑bedroom apartments in a quadplex configuration
- 3,440 SF building constructed in 1917
- Updated kitchens and newer bathrooms across the apartments
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
$93,825
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
5.96%
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%
$1,876,500
$1.9M
Cap Rate 7%
$1,340,357
$1.3M
Cap Rate 9%
$1,042,500
$1.0M
Market Conditions
NOI Build-Up for 3,440 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
$140.4K $40.80/SF
− Vacancy
−$6.3K −$1.84/SF
EGI
$134.0K $38.96/SF
− OpEx
−$40.2K −$11.69/SF
NOI
$93.8K $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%
$1,876,500
Cap Rate 7%
$1,340,357
Cap Rate 9%
$1,042,500
Alternative Uses
Best Use
Multifamily LT 5
$1.34M
$1.17M – $1.56M
NOI $93,825 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$1.24M
$1.09M – $1.45M
NOI $87,002 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$1.64M
$1.44M – $1.91M
NOI $114,897 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,189
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 one-bedroom apartments feature updated kitchens, newer bathrooms, and access to finished basement areas.
Where is this quadplex located?
The property is located at 178 -180 Goodwin Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: Four one‑bedroom apartments in a quadplex configuration; 3,440 SF building constructed in 1917; Updated kitchens and newer bathrooms across the apartments
