New Construction Apartment
178 Parkinson Avenue Staten Island, NY 10305
For Sale
Contact for pricing
New 6-over-6 apartment building with a basement separate entrance and electric meter, near Hylan Blvd.
Property Size3,200 SF
Price / SF$446.56
Days on Market83
Property Features for 178 Parkinson Avenue
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2025
Listing Agency:
ROBERT DEFALCO REALTY
(917) 533-8060
Listed By:
Dritan Tony Gashi · License #NY
Source:
Crexi
Added: May 5
Changed: Jul 20
Last Checked: Jul 26 at 5:58AM
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 ROBERT DEFALCO REALTY
Investment Insights
Based on property information with market context.
This is a new construction apartment building configured as a 6-over-6 with a basement level that has a separate entrance and its own electric meter. The property offers an additional, independently metered basement setup alongside the main residential units.
Located on Staten Island, the building is described as one block from Hylan Blvd, with the Verrazzano Bridge minutes away.
The offering is well-suited for buyers looking for a newly built multifamily structure with distinct basement access and separate electrical metering for the lower level.
Located on Staten Island, the building is described as one block from Hylan Blvd, with the Verrazzano Bridge minutes away.
The offering is well-suited for buyers looking for a newly built multifamily structure with distinct basement access and separate electrical metering for the lower level.
Key Highlights
- New construction 6‑over‑6 apartment building (Year built: 2025)
- Basement level includes a separate entrance and its own electric meter
- Located about one block from Hylan Blvd
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $153.6k | $48.00 |
| − Vacancy | −$13.1k | −$4.08 |
| EGI | $140.5k | $43.92 |
| − OpEx | −$63.2k | −$19.76 |
| NOI | $77.3k | $24.16 |
3,200 SF · lease $48.00/SF/yr · vacancy 8.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.10M
$966.2K – $1.29M
NOI $77,299 @ 7.0% cap · market cap 5.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $106,881 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - New 6-over-6 apartment building with a basement separate entrance and electric meter, near Hylan Blvd.
Where is this apartment building located?
The property is located at 178 Parkinson Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,429,000.
What are key features of this property?
This property features: New construction 6‑over‑6 apartment building (Year built: 2025); Basement level includes a separate entrance and its own electric meter; Located about one block from Hylan Blvd
