10-Room SRO Multifamily
For Sale
Contact for pricing
18 Maple Avenue, Staten Island, NY 10302
Renovated kitchens, bathrooms, electrical systems, and fire-rated partitions support the rooming-house configuration.
Property Size3,818 SF
Price / SF$248.51
Days on Market115
Property Features for 18 Maple Avenue
General Information
Standard status
Active
Size
3,818 SF
Class
Class B
Property subtype
Special Purpose
Zoning
R4 / C2-1
Occupancy
60%
Lease Type
Gross
Investment Type
Value Add
Net Operating Income
$51,623
Financials
Gross Income
$114,278
Opportunity Zone
Yes
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
10
Amenities
shared kitchen
shared bathroom
master-metered utilities
Building Details
Year Built
1899
Year Renovated
2017
Buildings
1
Stories
3
Units
10
Tenancy
Multi
Listing Agency:
Cornerstone Realty
Listed By:
Francis Rizzo · License #NY 10311205734
Source:
Crexi
Added: May 13
Changed: Aug 31
Last Checked: Aug 31 at 3:18AM
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 Cornerstone Realty
Investment Insights
Based on property information with market context.
This 3,818-square-foot multifamily property is a 10-room Class B SRO rooming house built in 1899. Six rooms are leased and four are vacant, with shared kitchen and bathroom facilities serving the rooms. Prior improvements include updated kitchens and bathrooms, electrical work, and fire-rated interior partitions associated with 2017 legalization plans. Utilities are master-metered.
The property is located at 18 Maple Avenue in Staten Island’s Port Richmond / North Shore submarket. Nearby transportation and regional connections include Richmond Terrace, Bayonne Bridge access, Staten Island Expressway access, and public transit toward the St. George Ferry Terminal. Richmond University Medical Center, Faber Park, and waterfront amenities are also identified in the surrounding area.
The asset is zoned R4 / C2-1 and lies within a designated Opportunity Zone. The property’s SRO registration, legal use, occupancy, zoning, violations, and regulatory compliance require independent verification.
The property is located at 18 Maple Avenue in Staten Island’s Port Richmond / North Shore submarket. Nearby transportation and regional connections include Richmond Terrace, Bayonne Bridge access, Staten Island Expressway access, and public transit toward the St. George Ferry Terminal. Richmond University Medical Center, Faber Park, and waterfront amenities are also identified in the surrounding area.
The asset is zoned R4 / C2-1 and lies within a designated Opportunity Zone. The property’s SRO registration, legal use, occupancy, zoning, violations, and regulatory compliance require independent verification.
Key Highlights
- 10‑room Class B SRO rooming house with 3,818 square feet
- 6 of 10 rooms leased; 4 rooms vacant
- Renovated kitchens and bathrooms, updated electrical, and fire‑rated partitions
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
$84,668
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
8.92%
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%
$1,693,360
$1.7M
Cap Rate 7%
$1,209,543
$1.2M
Cap Rate 9%
$940,756
$940.8K
Market Conditions
NOI Build-Up for 3,818 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
$160.4K $42.00/SF
− Vacancy
−$6.4K −$1.68/SF
EGI
$153.9K $40.32/SF
− OpEx
−$69.3K −$18.14/SF
NOI
$84.7K $22.18/SF
Area
Staten Island, NY
Vacancy
4.00%
Lease Rate
$42.00 /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%
$1,693,360
Cap Rate 7%
$1,209,543
Cap Rate 9%
$940,756
Alternative Uses
Best Use
Apartment 5plus
$1.21M
$1.06M – $1.41M
NOI $84,668 @ 7.0% cap · market cap 8.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.82M
$1.59M – $2.13M
NOI $127,522 @ 7.0% cap · market cap 13.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,206
Businesses Nearby
Explore this area
Business Placement
Demographics for 10302, NY
20,931
Population
6,927
Households
3
Avg Household Size
35
Median Age
29%
College-Educated
85%
High-School Grad
1.2 sq mi
ZIP Area
17,443
Density / Sq Mi
$76,089
Median Household Income
$43,608
Median Earnings
$1,800
Median Rent
$586,300
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 - Renovated kitchens, bathrooms, electrical systems, and fire-rated partitions support the rooming-house configuration.
Where is this multifamily property located?
The property is located at 18 Maple Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $948,800.
What are key features of this property?
This property features: 10‑room Class B SRO rooming house with 3,818 square feet; 6 of 10 rooms leased; 4 rooms vacant; Renovated kitchens and bathrooms, updated electrical, and fire‑rated partitions
