Multifamily
For Sale
$1,299,000
316 Main St, Staten Island, NY 10307
Living and dining areas, a flexible layout, and private outdoor space are among its stated features.
Property Size2,798 SF
Days on Market10
Property Features for 316 Main St
General Information
Standard status
Active
Size
2,798 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,987
Building Details
Building Size
2,798 SF
Year Built
1984
Stories
2
Listing Agency:
Remax Real Estate Professionals
Listed By:
Billy Apter · License #BEA5721
(718) 532-2000
Source:
Elliman
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 20 at 10:16PM
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 Remax Real Estate Professionals
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Investment Insights
Based on property information with market context.
This multifamily property at 316 Main St in Staten Island, NY, was built in 1984. Its interior includes living and dining areas, a kitchen with cabinetry and work space, and bedrooms. The layout is described as flexible, and the property has private outdoor space.
The surrounding area includes shopping, restaurants, parks, schools, public transportation, and major roadways. Walk Score is 62, Transit Score is 60, and Bike Score is 32.
The surrounding area includes shopping, restaurants, parks, schools, public transportation, and major roadways. Walk Score is 62, Transit Score is 60, and Bike Score is 32.
Key Highlights
- Built in 1984
- Walk Score: 62; Transit Score: 60; Bike Score: 32
- Private outdoor space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,048
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,240,960
$1.2M
Cap Rate 7%
$886,400
$886.4K
Cap Rate 9%
$689,422
$689.4K
Market Conditions
NOI Build-Up for 2,798 SF
Gross rent
$117.5K $42.00/SF
− Vacancy
−$4.7K −$1.68/SF
EGI
$112.8K $40.32/SF
− OpEx
−$50.8K −$18.14/SF
NOI
$62.0K $22.18/SF
Area
Staten Island, NY
Vacancy
4.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,240,960
Cap Rate 7%
$886,400
Cap Rate 9%
$689,422
Alternative Uses
Best Use
Apartment 5plus
$886.4K
$775.6K – $1.03M
NOI $62,048 @ 7.0% cap · market cap 4.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,454 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
585
Businesses Nearby
Explore this area
Business Placement
Demographics for 10307, NY
14,129
Population
5,390
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
90%
High-School Grad
1.6 sq mi
ZIP Area
8,831
Density / Sq Mi
$138,807
Median Household Income
$74,211
Median Earnings
$1,618
Median Rent
$799,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Living and dining areas, a flexible layout, and private outdoor space are among its stated features.
Where is this multifamily property located?
The property is located at 316 Main St Staten Island, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Built in 1984; Walk Score: 62; Transit Score: 60; Bike Score: 32; Private outdoor space
