Victorian Triplex Home with Off-Street
For Sale
$1,295,000
203 Center Street, Staten Island, NY 10306
Residential Income, Staten Island, NY
Property Size2,420 SF
Lot Size0.23 Acres
Price / SF$535.12
Days on Market443
Property Features for 203 Center Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R1-2
Bedrooms
5
Bathrooms
6
Full bathrooms
3
Rooms
Bedroom 5, Bathroom 4, Bathroom 5, Bathroom 6, Bedroom 3, Bathroom 3, Bedroom 4, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2
Parking features
Off Street
Basement
Full, Unfinished
Subdivision
Richmond Town
Standard status
Active
APN
04437-0001
Size
2,420 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Annual Amount
9999
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Building Details
Year built
1901
Floors in Building
3
Number of units
3
Building materials
Stucco
Listing Agency:
United National Realty
(718) 979-8000
Listed By:
Michael Dukhovny · License #1758598
(917) 417-2990
Added: Jul 7, 2025
Changed: Sep 13
Last Checked: Sep 22 at 12:06AM
MLS# 2503930
Copyright © 2026 Staten Island Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Victorian-style legal 3-family triplex at 203 Center Street, built in 1901. The home features stucco construction and is heated by forced air with natural gas. Public sewer service is available, and the property includes off-street parking.
The lot measures 100x100 and totals 0.2296 acres. Total building size is 2,420 square feet, providing a compact layout with multiple bedrooms and bathrooms across the three residential units.
Zoned R1-2, this property is well-suited for buyers seeking a three-family residence with room to consider future possibilities within the existing configuration.
The lot measures 100x100 and totals 0.2296 acres. Total building size is 2,420 square feet, providing a compact layout with multiple bedrooms and bathrooms across the three residential units.
Zoned R1-2, this property is well-suited for buyers seeking a three-family residence with room to consider future possibilities within the existing configuration.
Key Highlights
- Legal 3‑family Victorian‑style triplex built in 1901
- 100x100 lot totaling 0.2296 acres
- 2,420 SF building size
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
$61,472
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
4.75%
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%
$1,229,440
$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
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
$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 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%
$1,229,440
Cap Rate 7%
$878,171
Cap Rate 9%
$683,022
Alternative Uses
Best Use
Multifamily LT 5
$878.2K
$768.4K – $1.02M
NOI $61,472 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$780.3K
$682.8K – $910.4K
NOI $54,624 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$1.15M
$1.01M – $1.35M
NOI $80,829 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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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 Street Staten Island, NY.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Legal 3‑family Victorian‑style triplex built in 1901; 100x100 lot totaling 0.2296 acres; 2,420 SF building size
