5–6 Family Multifamily
For Sale
Contact for pricing
180 Goodwin Avenue, Staten Island, NY 10314
Legal apartment in the left basement and updated right basement with a half bath, plus four one-bedroom units.
Property Size3,440 SF
Price / SF$465.12
Days on Market46
Property Features for 180 Goodwin Avenue
General Information
Standard status
Active
Size
3,440 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
6
Building Details
Year Built
1917
Buildings
1
Units
6
Listing Agency:
Safari Real Estate
Listed By:
Frank Reali · License #31RE1101081
Source:
Crexi
Added: Jul 7
Changed: Aug 8
Last Checked: Aug 21 at 3:23PM
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 5–6 family multifamily residence has served as a family home for 40+ years and is being offered with no current rent roll. The property includes four one-bedroom apartments, each with updated kitchens and newer bathrooms. Two finished basement spaces add additional usable area, and there is attic storage for further storage capacity.
The left-side basement is identified as a legal apartment. The right-side basement is described as updated but currently has only a half bath; it may be possible to configure it as another legal apartment with the addition of a shower.
Set on a generous lot, the property offers a large backyard, providing outdoor space alongside the interior living areas. Photos have been enhanced to show room sizes and potential for buyers evaluating layout and unit possibilities.
The left-side basement is identified as a legal apartment. The right-side basement is described as updated but currently has only a half bath; it may be possible to configure it as another legal apartment with the addition of a shower.
Set on a generous lot, the property offers a large backyard, providing outdoor space alongside the interior living areas. Photos have been enhanced to show room sizes and potential for buyers evaluating layout and unit possibilities.
Key Highlights
- Year built 1917; legal 5 or 6 family property with four spacious 1‑bedroom apartments
- Updated kitchens and newer bathrooms in each of the four 1‑bedroom apartments
- Left‑side basement is a legal apartment; right‑side basement is updated with a half bath
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
$87,002
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
5.44%
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%
$1,740,040
$1.7M
Cap Rate 7%
$1,242,886
$1.2M
Cap Rate 9%
$966,689
$966.7K
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
$165.1K $48.00/SF
− Vacancy
−$6.9K −$2.02/SF
EGI
$158.2K $45.98/SF
− OpEx
−$71.2K −$20.69/SF
NOI
$87.0K $25.29/SF
Area
ZIP 10314
Vacancy
4.20%
Lease Rate
$48.00 /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%
$1,740,040
Cap Rate 7%
$1,242,886
Cap Rate 9%
$966,689
Alternative Uses
Best Use
Apartment 5plus
$1.24M
$1.09M – $1.45M
NOI $87,002 @ 7.0% cap · market cap 5.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.64M
$1.44M – $1.91M
NOI $114,897 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,292
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Legal apartment in the left basement and updated right basement with a half bath, plus four one-bedroom units.
Where is this apartment building located?
The property is located at 180 Goodwin Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Year built 1917; legal 5 or 6 family property with four spacious 1‑bedroom apartments; Updated kitchens and newer bathrooms in each of the four 1‑bedroom apartments; Left‑side basement is a legal apartment; right‑side basement is updated with a half bath
