Mixed-Use Medical Office Apartment
New
For Sale
$3,299,000
321 Edison Street, Staten Island, NY 10306
MULTI_FAMILY - Staten Island, NY
Property Size5,760 SF
Lot Size0.14 Acres
Price / SF$572.74
Days on Market5
Property Features for 321 Edison Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
R3X
Bedrooms
4
Bathrooms
5
Full bathrooms
3
Half bathrooms
4
Rooms
Bedroom 1, Bathroom 6, Bathroom 4, Bedroom 2, Bathroom 2, Bathroom 5, Bathroom 7, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 3
Parking features
On Street, Garage
Lot features
Back Yard
Subdivision
New Dorp
Standard status
Active
Size
5,760 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
27653
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
2008
Floors in Building
3
Number of units
4
Building materials
Brick
Listing Agency:
Homes R Us Realty of NY, Inc.
(718) 668-2550
Listed By:
Gennady Gary Papirov · License #0566464
(917) 856-2012
Added: Jul 28
Changed: Jul 29
Last Checked: Aug 1 at 11:06PM
MLS# 2604233
Copyright © 2026 Staten Island Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This all-brick mixed-use building contains four units: two medical office units of approximately 2,000 square feet each, and two two-bedroom apartments. The total property size is listed as 5,760 square feet, situated on a 0.1377-acre lot.
Located at 321 Edison Street on Staten Island in Richmond County, the property is designated under zoning R3X. The configuration supports both medical office and residential income within the same building.
For sale, this four-unit asset offers a straightforward commercial-and-residential mix under one ownership structure, with two separate uses already established on-site.
Located at 321 Edison Street on Staten Island in Richmond County, the property is designated under zoning R3X. The configuration supports both medical office and residential income within the same building.
For sale, this four-unit asset offers a straightforward commercial-and-residential mix under one ownership structure, with two separate uses already established on-site.
Key Highlights
- All‑brick mixed‑use building built in 2008
- Four‑unit setup with two approximately 2,000 SF medical office units and two two‑bedroom apartments
- Forced air heating with natural gas and central air cooling
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $262.7k | $45.60 |
| − Vacancy | −$53.8k | −$9.35 |
| EGI | $208.8k | $36.25 |
| − OpEx | −$52.2k | −$9.06 |
| NOI | $156.6k | $27.19 |
5,760 SF · lease $45.60/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.24M
$1.96M – $2.61M
NOI $156,609 @ 7.0% cap · market cap 4.75%
Second Best
Multifamily LT 5
$2.09M
$1.83M – $2.44M
NOI $146,313 @ 7.0% cap · market cap 4.44%
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
Property Profile
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?
Quadplex - All-brick four-unit building with two medical offices and two two-bedroom apartments.
Where is this quadplex 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: All‑brick mixed‑use building built in 2008; Four‑unit setup with two approximately 2,000 SF medical office units and two two‑bedroom apartments; Forced air heating with natural gas and central air cooling
