Four-Unit Brick Quadplex with Medical
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 Market24
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 3, Bathroom 3, Bathroom 5, Bathroom 1, Bedroom 1, Bathroom 4, Bedroom 4, Bathroom 2, Bathroom 6, Bathroom 7, Bedroom 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
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: Aug 7
Last Checked: Aug 20 at 5:06PM
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 solid, all-brick four-unit building is designed for mixed-use occupancy, with two approximately 2,000-square-foot medical office units and two spacious two-bedroom apartments. The property totals 5,760 square feet and was built in 2008. Comfort and reliability are supported by forced-air heating with natural gas and central air conditioning.
Parking is served by a garage and on-street spaces, with public sewer in place. The property sits on a 0.1377-acre lot and is zoned R3X.
The four-unit layout creates flexibility for an owner-occupant or investor who wants both commercial and residential income under one roof.
Parking is served by a garage and on-street spaces, with public sewer in place. The property sits on a 0.1377-acre lot and is zoned R3X.
The four-unit layout creates flexibility for an owner-occupant or investor who wants both commercial and residential income under one roof.
Key Highlights
- 0.1377‑acre lot
- 5,760 square feet total
- Two approximately 2,000‑square‑foot medical office units
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
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
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit mixed-use quadplex on R3X zoning with central air, forced-air natural gas heat, garage and on-street parking.
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: 0.1377‑acre lot; 5,760 square feet total; Two approximately 2,000‑square‑foot medical office units
