Colonial Multifamily
For Sale
$849,900
Pending
309 Maine Ave, Staten Island, NY 10314
Older colonial with dedicated laundry rooms, updated heating equipment, and a detached garage across from Westerleigh Park.
Property Size2,320 SF
Days on Market199
Property Features for 309 Maine Ave
General Information
Standard status
Pending
Size
2,320 SF
Property subtype
Multi-Family
Building Details
Year Built
1920
Listing Agency:
Zaloom Real Estate
Listed By:
Vincent M Zaloom
(917) 539-4798
Source:
Statenislandhomelistings
Added: Apr 5
Changed: Oct 1
Last Checked: Oct 19 at 7:07AM
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 Zaloom Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,320-square-foot colonial multifamily property was built in 1920 and retains chestnut trim and pine flooring throughout. The unfinished basement contains two laundry rooms, with one serving each floor. Two new heating units and gas hot water support the building’s mechanical systems.
A detached two-car garage, extended driveway, and large yard add practical exterior amenities. The property is located at 309 Maine Ave in Staten Island, directly across from Westerleigh Park.
A detached two-car garage, extended driveway, and large yard add practical exterior amenities. The property is located at 309 Maine Ave in Staten Island, directly across from Westerleigh Park.
Key Highlights
- 2,320‑square‑foot colonial multifamily property built in 1920
- Chestnut trim and pine flooring throughout
- Unfinished basement with 2 laundry rooms, one for each floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,676
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,173,520
$1.2M
Cap Rate 7%
$838,229
$838.2K
Cap Rate 9%
$651,956
$652.0K
Market Conditions
NOI Build-Up for 2,320 SF
Gross rent
$111.4K $48.00/SF
− Vacancy
−$4.7K −$2.02/SF
EGI
$106.7K $45.98/SF
− OpEx
−$48.0K −$20.69/SF
NOI
$58.7K $25.29/SF
Area
ZIP 10314
Vacancy
4.20%
Lease Rate
$48.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,173,520
Cap Rate 7%
$838,229
Cap Rate 9%
$651,956
Alternative Uses
Best Use
Apartment 5plus
$838.2K
$733.5K – $977.9K
NOI $58,676 @ 7.0% cap · market cap 6.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$968.6K – $1.29M
NOI $77,489 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,392
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Older colonial with dedicated laundry rooms, updated heating equipment, and a detached garage across from Westerleigh Park.
Where is this multifamily property located?
The property is located at 309 Maine Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: 2,320‑square‑foot colonial multifamily property built in 1920; Chestnut trim and pine flooring throughout; Unfinished basement with 2 laundry rooms, one for each floor
