Three-Family Multifamily
For Sale
$1,100,000
296 Bradley Avenue, Staten Island, NY 10314
Updated residential income property with three units, vinyl siding, and a finished basement.
Property Size2,352 SF
Price / SF$467.69
Days on Market191
Property Features for 296 Bradley Avenue
General Information
Standard status
Active
Size
2,352 SF
Property subtype
MultiFamily
Zoning
R3-1
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,769
Amenities
Eat In
Full Bath
4
Gas
Steam
Formal
4.00
Finished
Full
3
Vinyl Siding
Building Details
Year Built
1915
Listing Agency:
Re/Max Advisors
(347) 204-7495
Listed By:
Scott O'Brien · License #10301210651
(347) 204-7495
Source:
Compass
Added: Feb 20
Changed: Aug 29
Last Checked: Aug 29 at 6:25PM
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 Re/Max Advisors
Investment Insights
Based on property information with market context.
This three-family residential property contains 2,352 square feet and was built in 1915. The units are described as spacious and updated, with a finished basement and a high-and-dry condition. Exterior construction includes vinyl siding.
The property is situated on an oversized lot at 296 Bradley Avenue in Staten Island, New York. R3-1 zoning supports its multifamily classification and provides a clear framework for evaluating the existing three-unit configuration.
The property is situated on an oversized lot at 296 Bradley Avenue in Staten Island, New York. R3-1 zoning supports its multifamily classification and provides a clear framework for evaluating the existing three-unit configuration.
Key Highlights
- Three‑family property with 2,352 square feet
- Spacious updated units
- Finished basement described as high and dry
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
$64,150
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
5.83%
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%
$1,283,000
$1.3M
Cap Rate 7%
$916,429
$916.4K
Cap Rate 9%
$712,778
$712.8K
Market Conditions
NOI Build-Up for 2,352 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
$96.0K $40.80/SF
− Vacancy
−$4.3K −$1.84/SF
EGI
$91.6K $38.96/SF
− OpEx
−$27.5K −$11.69/SF
NOI
$64.2K $27.27/SF
Area
ZIP 10314
Vacancy
4.50%
Lease Rate
$40.80 /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%
$1,283,000
Cap Rate 7%
$916,429
Cap Rate 9%
$712,778
Alternative Uses
Best Use
Multifamily LT 5
$916.4K
$801.9K – $1.07M
NOI $64,150 @ 7.0% cap · market cap 5.83%
Second Best
Apartment 5plus
$849.8K
$743.6K – $991.4K
NOI $59,485 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$1.12M
$982.0K – $1.31M
NOI $78,557 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
791
Businesses Nearby
Explore this area
Business Placement
Demographics for 10314, NY
92,157
Population
33,554
Households
2.7
Avg Household Size
41
Median Age
37%
College-Educated
89%
High-School Grad
13.0 sq mi
ZIP Area
7,089
Density / Sq Mi
$104,655
Median Household Income
$58,769
Median Earnings
$1,726
Median Rent
$665,500
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 - Updated residential income property with three units, vinyl siding, and a finished basement.
Where is this triplex located?
The property is located at 296 Bradley Avenue 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: Three‑family property with 2,352 square feet; Spacious updated units; Finished basement described as high and dry
