Three-Family Triplex with
For Sale
$1,088,000
Pending
24 Roosevelt St, Staten Island, NY 10304
Three residential units include two three-bedroom layouts and a one-bedroom apartment.
Property Size1,937 SF
Days on Market373
Property Features for 24 Roosevelt St
General Information
Standard status
Pending
Size
1,937 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR duplex, 1 x 3BR, 1 x 1BR
Multifamily Units
3
Building Details
Year Built
1925
Buildings
1
Listing Agency:
Tom Crimmins Realty, Ltd.
(718) 370-3222
Listed By:
Linda Agugliaro · License #30KR0766849
Source:
Statenislandhomelistings
Added: Aug 24, 2025
Changed: Aug 28
Last Checked: Aug 28 at 12:24PM
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 Tom Crimmins Realty, Ltd.
Investment Insights
Based on property information with market context.
This legal three-family property contains 1,937 square feet and is arranged with two three-bedroom residences plus a separate one-bedroom apartment. The primary residence is a duplex with an eat-in kitchen, dining area, living room, and upper-level views. The second three-bedroom unit offers its own living room, eat-in kitchen, and access to the rear yard. A detached two-car garage, built in 2010, complements the home, while the extra-long driveway provides off-street parking.
Built in 1925, the property is in Emerson Valley with access to public transportation, the Staten Island Expressway, and the Verrazzano-Narrows Bridge. Its three-unit configuration and varied apartment layouts support flexible residential use within a single multifamily property.
Built in 1925, the property is in Emerson Valley with access to public transportation, the Staten Island Expressway, and the Verrazzano-Narrows Bridge. Its three-unit configuration and varied apartment layouts support flexible residential use within a single multifamily property.
Key Highlights
- Legal three‑family property with two three‑bedroom units and one one‑bedroom apartment
- 1,937 square feet of residential space
- Detached two‑car garage built in 2010
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
$47,865
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
4.40%
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%
$957,300
$957.3K
Cap Rate 7%
$683,786
$683.8K
Cap Rate 9%
$531,833
$531.8K
Market Conditions
NOI Build-Up for 1,937 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
$74.4K $38.40/SF
− Vacancy
−$6.0K −$3.10/SF
EGI
$68.4K $35.30/SF
− OpEx
−$20.5K −$10.59/SF
NOI
$47.9K $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%
$957,300
Cap Rate 7%
$683,786
Cap Rate 9%
$531,833
Alternative Uses
Best Use
Multifamily LT 5
$683.8K
$598.3K – $797.8K
NOI $47,865 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$626.7K
$548.3K – $731.1K
NOI $43,866 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$924.2K
$808.7K – $1.08M
NOI $64,696 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,095
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units include two three-bedroom layouts and a one-bedroom apartment.
Where is this triplex located?
The property is located at 24 Roosevelt St Staten Island, NY.
What is the asking price?
The asking price for this property is $1,088,000.
What are key features of this property?
This property features: Legal three‑family property with two three‑bedroom units and one one‑bedroom apartment; 1,937 square feet of residential space; Detached two‑car garage built in 2010
