Four-Unit Mixed-Use
For Sale
Contact for pricing
321 Edison Street, Staten Island, NY 10306
All-brick 2008 building combines medical office space with two-bedroom apartments under R3X zoning.
Property Size5,760 SF
Price / SF$572.74
Days on Market10
Property Features for 321 Edison Street
General Information
Standard status
Active
Size
5,760 SF
Property subtype
Multifamily
Zoning
R3X
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Office Units
2
Building Details
Year Built
2008
Buildings
1
Stories
3
Units
4
Construction
brick
Tenancy
Multi
Listing Agency:
Homes R US Realty Of NY Inc
(917) 856-2012
Listed By:
Gennady (Gary) Papirov · License #NY
Source:
Crexi
Added: Jul 29
Changed: Aug 3
Last Checked: Aug 6 at 12:57PM
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 Homes R US Realty Of NY Inc
Investment Insights
Based on property information with market context.
Built in 2008, this 5,760-square-foot all-brick mixed-use building contains four units. The commercial portion includes two medical office units of approximately 2,000 square feet each, while the residential component consists of two two-bedroom apartments. This configuration places medical and residential uses within the same property and creates a clearly divided four-unit layout.
The property is located at 321 Edison Street in Staten Island, New York, within the 10306 ZIP code. R3X zoning is identified for the site. The existing combination of medical office and apartment space provides a defined mixed-use profile for an owner or purchaser evaluating both commercial and residential components.
The property is located at 321 Edison Street in Staten Island, New York, within the 10306 ZIP code. R3X zoning is identified for the site. The existing combination of medical office and apartment space provides a defined mixed-use profile for an owner or purchaser evaluating both commercial and residential components.
Key Highlights
- Four‑unit mixed‑use building with two medical offices and two two‑bedroom apartments
- 5,760‑square‑foot property with an all‑brick exterior
- Two medical office units measuring approximately 2,000 square feet each
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
$156,609
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
4.75%
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%
$3,132,180
$3.1M
Cap Rate 7%
$2,237,271
$2.2M
Cap Rate 9%
$1,740,100
$1.7M
Market Conditions
NOI Build-Up for 5,760 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
$262.7K $45.60/SF
− Vacancy
−$53.8K −$9.35/SF
EGI
$208.8K $36.25/SF
− OpEx
−$52.2K −$9.06/SF
NOI
$156.6K $27.19/SF
Area
ZIP 10306
Vacancy
20.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
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%
$3,132,180
Cap Rate 7%
$2,237,271
Cap Rate 9%
$1,740,100
Alternative Uses
Best Use
Office B
$2.24M
$1.96M – $2.61M
NOI $156,609 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$1.86M
$1.63M – $2.17M
NOI $130,015 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$2.75M
$2.40M – $3.21M
NOI $192,385 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,859
Businesses Nearby
Explore this area
Business Placement
Demographics for 10306, NY
57,919
Population
21,299
Households
2.7
Avg Household Size
43
Median Age
34%
College-Educated
88%
High-School Grad
7.2 sq mi
ZIP Area
8,044
Density / Sq Mi
$97,746
Median Household Income
$54,052
Median Earnings
$1,743
Median Rent
$675,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - All-brick 2008 building combines medical office space with two-bedroom apartments under R3X zoning.
Where is this mixed-use property located?
The property is located at 321 Edison Street Staten Island, NY.
What is the asking price?
The asking price for this property is $3,299,000.
What are key features of this property?
This property features: Four‑unit mixed‑use building with two medical offices and two two‑bedroom apartments; 5,760‑square‑foot property with an all‑brick exterior; Two medical office units measuring approximately 2,000 square feet each
