7-Unit Apartment
For Sale
Contact for pricing
20 Egmont Place, Staten Island, NY 10301
Fully occupied multifamily property with separate tenant utilities and R3A zoning.
Property Size4,988 SF
Price / SF$340.82
Days on Market11
Property Features for 20 Egmont Place
General Information
Standard status
Active
Size
4,988 SF
Property subtype
Multifamily
Zoning
R3A
Occupancy
100%
Financials
Asking Price
$1,699,999
Cap Rate
7.58%
Gross Income
$128,866
Additional Details
Public Transit
Yes
Multifamily Units
7
Building Details
Year Built
1900
Buildings
1
Listing Agency:
NEUHAUS REALTY INC.
(732) 946-2911
Listed By:
Gaetano Marasa · License #NY
Source:
Crexi
Added: Aug 10
Changed: Aug 15
Last Checked: Aug 19 at 4:37PM
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 NEUHAUS REALTY INC.
Investment Insights
Based on property information with market context.
This 7-unit apartment building in Staten Island’s St. George area was built in 1900 and is fully occupied. The property is zoned R3A, and separate tenant utilities reduce the owner’s direct responsibility for utility costs. The building offers an established multifamily configuration with all units currently occupied.
The property is located near the Staten Island Ferry, Empire Outlets, waterfront dining, and entertainment in the St. George area. Nearby transportation options include the St. George terminal bus network and the SIR train, with ferry service providing access to Manhattan. The property’s address is 20 Egmont Place, Staten Island, NY 10301.
The property is located near the Staten Island Ferry, Empire Outlets, waterfront dining, and entertainment in the St. George area. Nearby transportation options include the St. George terminal bus network and the SIR train, with ferry service providing access to Manhattan. The property’s address is 20 Egmont Place, Staten Island, NY 10301.
Key Highlights
- 7 fully occupied apartment units
- R3A zoning
- Built in 1900
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
$110,614
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
6.51%
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%
$2,212,280
$2.2M
Cap Rate 7%
$1,580,200
$1.6M
Cap Rate 9%
$1,229,044
$1.2M
Market Conditions
NOI Build-Up for 4,988 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
$209.5K $42.00/SF
− Vacancy
−$8.4K −$1.68/SF
EGI
$201.1K $40.32/SF
− OpEx
−$90.5K −$18.14/SF
NOI
$110.6K $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%
$2,212,280
Cap Rate 7%
$1,580,200
Cap Rate 9%
$1,229,044
Alternative Uses
Best Use
Apartment 5plus
$1.58M
$1.38M – $1.84M
NOI $110,614 @ 7.0% cap · market cap 6.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.38M
$2.08M – $2.78M
NOI $166,600 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,536
Businesses Nearby
Explore this area
Business Placement
Demographics for 10301, NY
41,474
Population
16,631
Households
2.5
Avg Household Size
40
Median Age
38%
College-Educated
88%
High-School Grad
3.8 sq mi
ZIP Area
10,914
Density / Sq Mi
$84,937
Median Household Income
$50,140
Median Earnings
$1,697
Median Rent
$657,000
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 - Fully occupied multifamily property with separate tenant utilities and R3A zoning.
Where is this apartment building located?
The property is located at 20 Egmont Place Staten Island, NY.
What is the asking price?
The asking price for this property is $1,699,999.
What are key features of this property?
This property features: 7 fully occupied apartment units; R3A zoning; Built in 1900
