Brick Mixed-Use Four-Unit
For Sale
$3,299,000
321 Edison Street, Staten Island, NY 10306
Residential Income, Staten Island, NY
Property Size5,760 SF
Lot Size0.14 Acres
Price / SF$572.74
Days on Market102
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
Bathroom 1, Bedroom 1, Bathroom 6, Bathroom 4, Bedroom 4, Bathroom 7, Bathroom 3, Bedroom 3, Bedroom 2, Bathroom 5, Bathroom 2
Parking features
Garage, On Street
Lot features
Back Yard
Subdivision
New Dorp
Standard status
Active
Size
5,760 SF
Lot size
0.14 Acres
Additional Details
Property Use
Medical Office
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
Buildings
1
Listing Agency:
Homes R Us Realty of NY, Inc.
(718) 668-2550
Listed By:
Gennady Gary Papirov · License #30PA0885250
(917) 856-2012
Added: Jul 28
Changed: Oct 25
Last Checked: Nov 6 at 6:06AM
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.
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Investment Insights
Based on property information with market context.
This 5,760-square-foot mixed-use property was built in 2008 with all-brick construction and four total units. The layout includes two medical office units of approximately 2,000 square feet each, along with two two-bedroom apartments. Central air, forced-air heating, and natural gas service support the building, while public sewer serves the property.
The 0.1377-acre parcel is located at 321 Edison Street in Staten Island, NY 10306. Parking is available through both on-street spaces and a garage. The property carries R3X zoning and combines commercial office space with residential units in a single building.
The 0.1377-acre parcel is located at 321 Edison Street in Staten Island, NY 10306. Parking is available through both on-street spaces and a garage. The property carries R3X zoning and combines commercial office space with residential units in a single building.
Key Highlights
- Four‑unit mixed‑use building with two medical offices and two two‑bedroom apartments
- 5,760 square feet on a 0.1377‑acre parcel
- Two medical office units of approximately 2,000 square feet each
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
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.
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Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,859
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 - R3X-zoned building combines medical office and residential apartment space.
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 feet on a 0.1377‑acre parcel; Two medical office units of approximately 2,000 square feet each
