4-Unit Mixed-Use
For Sale
$3,299,000
321 Edison Street, Staten Island, NY 10306
Brick construction combines medical office suites with two-bedroom apartments under R3X zoning.
Property Size5,760 SF
Price / SF$572.74
Days on Market8
Property Features for 321 Edison Street
General Information
Standard status
Active
Size
5,760 SF
Property subtype
Residential Income
Zoning
R3X
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Office Units
2
Additional Details
Property Use
Medical Office
Taxes and HOA fees
Annual Taxes
$27,653
Amenities
4
true
7
Back Yard
6000
60x100
0.14
Garage,Additional Parking,On Street
5760
Building Details
Building Size
5,760 SF
Year Built
2008
Buildings
1
Stories
3
Construction
brick
Listing Agency:
Homes R Us Realty of NY, Inc.
Listed By:
Gennady Gary Papirov · License #30PA0885250
(917) 856-2012
Source:
Matiasrealestatenyc
Added: Oct 26
Changed: Oct 29
Last Checked: Oct 29 at 2:43PM
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.
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Investment Insights
Based on property information with market context.
Built in 2008, this 5,760-square-foot, all-brick property contains four units: two medical office spaces of approximately 2,000 square feet each and two two-bedroom apartments. The mix brings professional office and residential space together in one building. The property is zoned R3X.
The site measures 60 by 100 feet and contains 0.14 acres. The address is 321 Edison Street in Staten Island, New York.
The site measures 60 by 100 feet and contains 0.14 acres. The address is 321 Edison Street in Staten Island, New York.
Key Highlights
- Four‑unit property with two medical offices and two two‑bedroom apartments
- Two medical office suites of approximately 2,000 square feet each
- 5,760‑square‑foot building constructed in 2008
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$156,609
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Current Use
Lease Details
2
Office units
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,906
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick construction combines medical office suites 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 property with two medical offices and two two‑bedroom apartments; Two medical office suites of approximately 2,000 square feet each; 5,760‑square‑foot building constructed in 2008
