Mixed-Use Triplex with Liquor
For Sale
$1,100,000
Pending
227 Broad Street, Staten Island, NY 10304
MULTI_FAMILY - Staten Island, NY
Property Size3,375 SF
Lot Size0.05 Acres
Days on Market317
Property Features for 227 Broad Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R3-2
Bedrooms
6
Bathrooms
5
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 6, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 5, Bedroom 2, Bathroom 3, Bedroom 6, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 4
Parking features
On Street
Basement
Unfinished, Full
Lot features
Back Yard
Subdivision
Stapleton
Standard status
Pending
APN
00541-0026
Size
3,375 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
2825
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Amenities
backyard
Building Details
Year built
1931
Floors in Building
3
Number of units
3
Building materials
Vinyl Siding
Listing Agency:
Tom Crimmins Realty, Ltd.
(718) 370-3200
Listed By:
Young A Choi
(718) 370-3200
Added: Oct 10, 2025
Changed: Aug 18
Last Checked: Aug 22 at 8:06AM
MLS# 2506035
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.
This triplex offers mixed-use income potential, with an established liquor store on the first floor and spacious 3-bedroom apartments on the second and third floors. The apartment units include recent updates with new window frames and fresh paint. The property also features a backyard for tenant use or future enhancements.
Set on a 0.0517-acre lot, the building was constructed in 1931. The exterior is vinyl siding, and heating is provided by natural gas with hot water heat. Parking is available via on-street parking, and sewer service is public sewer.
Zoned R3-2, the layout includes multiple bedrooms and bathrooms across the residential floors, supporting apartment-style living within a single building.
Set on a 0.0517-acre lot, the building was constructed in 1931. The exterior is vinyl siding, and heating is provided by natural gas with hot water heat. Parking is available via on-street parking, and sewer service is public sewer.
Zoned R3-2, the layout includes multiple bedrooms and bathrooms across the residential floors, supporting apartment-style living within a single building.
Key Highlights
- Mixed‑use triplex with liquor store on the first floor
- 3‑bedroom apartments on the second and third floors
- New window frames and fresh paint in the residential units
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
$83,399
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
7.58%
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%
$1,667,980
$1.7M
Cap Rate 7%
$1,191,414
$1.2M
Cap Rate 9%
$926,656
$926.7K
Market Conditions
NOI Build-Up for 3,375 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
$129.6K $38.40/SF
− Vacancy
−$10.5K −$3.10/SF
EGI
$119.1K $35.30/SF
− OpEx
−$35.7K −$10.59/SF
NOI
$83.4K $24.71/SF
Area
ZIP 10304
Vacancy
8.07%
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%
$1,667,980
Cap Rate 7%
$1,191,414
Cap Rate 9%
$926,656
Alternative Uses
Best Use
Multifamily LT 5
$1.19M
$1.04M – $1.39M
NOI $83,399 @ 7.0% cap · market cap 7.58%
Second Best
Apartment 5plus
$1.09M
$955.4K – $1.27M
NOI $76,431 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,726 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,396
Businesses Nearby
Explore this area
Business Placement
Demographics for 10304, NY
46,944
Population
17,524
Households
2.7
Avg Household Size
38
Median Age
31%
College-Educated
84%
High-School Grad
3.5 sq mi
ZIP Area
13,413
Density / Sq Mi
$71,506
Median Household Income
$41,752
Median Earnings
$1,516
Median Rent
$659,900
Median Home Value
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?
Triplex - Triplex in R3-2 zoning with a liquor store on the first floor and updated 3-bedroom apartments above.
Where is this triplex located?
The property is located at 227 Broad Street Staten Island, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Mixed‑use triplex with liquor store on the first floor; 3‑bedroom apartments on the second and third floors; New window frames and fresh paint in the residential units
