Building Details

Year Built 1901

Listed By: Michael Show Phone

Added: Jul 7, 2025 Changed: Aug 19

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Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$61,472

Cap Rate

4.75%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,229,440 $1.2M

Cap Rate 7%

$878,171 $878.2K

Cap Rate 9%

$683,022 $683.0K

Market Conditions

NOI Build-Up for 2,420 SF

Gross rent

$92.9K $38.40/SF

− Vacancy

−$5.1K −$2.11/SF

EGI

$87.8K $36.29/SF

− OpEx

−$26.3K −$10.89/SF

NOI

$61.5K $25.40/SF

Area

ZIP 10306

Vacancy

5.50%

Lease Rate

$38.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,229,440

Cap Rate 7%

$878,171

Cap Rate 9%

$683,022

Alternative Uses

Best Use

Multifamily LT 5

$878.2K

$768.4K – $1.02M (±1% cap)

NOI $61,472 @ 7.0% cap · market cap 4.75%

Second Best

Apartment 5plus

$780.3K

$682.8K – $910.4K (±1% cap)

NOI $54,624 @ 7.0% cap · market cap 4.22%

Theoretical Best

Office A

$1.15M

$1.01M – $1.35M (±1% cap)

NOI $80,829 @ 7.0% cap · market cap 6.24%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Spa & Massage Center Hair Salon Big Box & Wholesale Store Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

349

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this triplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Triplex - Victorian legal 3-family triplex in R1-2 zoning with off-street parking, forced-air natural gas heat, and public sewer.

Where is this triplex located?

The property is located at 203 Center St Staten Island, NY.

What is the asking price?

The asking price for this property is $1,295,000.