Multifamily Property with Finished
For Sale
$758,000
1915 N Railroad Ave, Staten Island, NY 10306
Maintained residential property with renovated baths, a sunroom, and flexible finished lower-level space.
Property Size1,440 SF
Price / SF$526.39
Days on Market19
Property Features for 1915 N Railroad Ave
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Building Details
Year Built
1975
Listing Agency:
Ashford Homes LLC
Listed By:
Ting Ting "Helen" Fung
(929) 364-1301
Source:
Statenislandhomelistings
Added: Sep 3
Changed: Sep 21
Last Checked: Sep 21 at 6:34AM
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 Ashford Homes LLC
Investment Insights
Based on property information with market context.
This multifamily property at 1915 N Railroad Ave offers 1,440 square feet of finished living space on a 139-foot-deep lot. Built in 1975, the home has hardwood flooring, newer Andersen windows on the upper level, updated interior doors, and renovated bathrooms. The layout includes a foyer, living room, formal dining room, eat-in kitchen, sunroom, three bedrooms, attic storage, and a finished basement with a family room and newly renovated three-quarter bath.
The property is in Staten Island, NY 10306, with access to shopping, restaurants, parks, schools, public transportation, and major highways. Its interior configuration provides multiple gathering and storage areas, while the sunroom and finished basement add usable space beyond the main living areas.
The property is in Staten Island, NY 10306, with access to shopping, restaurants, parks, schools, public transportation, and major highways. Its interior configuration provides multiple gathering and storage areas, while the sunroom and finished basement add usable space beyond the main living areas.
Key Highlights
- 1,440 square feet of finished living space
- 139‑foot‑deep lot
- Three bedrooms and renovated full bathroom
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
$32,504
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
4.29%
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%
$650,080
$650.1K
Cap Rate 7%
$464,343
$464.3K
Cap Rate 9%
$361,156
$361.2K
Market Conditions
NOI Build-Up for 1,440 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
$62.2K $43.20/SF
− Vacancy
−$3.1K −$2.16/SF
EGI
$59.1K $41.04/SF
− OpEx
−$26.6K −$18.47/SF
NOI
$32.5K $22.57/SF
Area
ZIP 10306
Vacancy
5.00%
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%
$650,080
Cap Rate 7%
$464,343
Cap Rate 9%
$361,156
Alternative Uses
Best Use
Apartment 5plus
$464.3K
$406.3K – $541.7K
NOI $32,504 @ 7.0% cap · market cap 4.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$687.1K
$601.2K – $801.6K
NOI $48,096 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
576
Businesses Nearby
Explore this area
Business Placement
Demographics for 10306, NY
57,919
Population
21,299
Households
2.7
Avg Household Size
43
Median Age
34%
College-Educated
88%
High-School Grad
7.2 sq mi
ZIP Area
8,044
Density / Sq Mi
$97,746
Median Household Income
$54,052
Median Earnings
$1,743
Median Rent
$675,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Multifamily property - Maintained residential property with renovated baths, a sunroom, and flexible finished lower-level space.
Where is this multifamily property located?
The property is located at 1915 N Railroad Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $758,000.
What are key features of this property?
This property features: 1,440 square feet of finished living space; 139‑foot‑deep lot; Three bedrooms and renovated full bathroom
