Multifamily Property with
New
For Sale
$1,098,888
35 Georgia Ct, Staten Island, NY 10309
Flexible residence with separate studio-style area, private backyard, finished basement, and parking.
Property Size1,800 SF
Price / SF$610.49
Days on Market7
Property Features for 35 Georgia Ct
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Multi-Family
Building Details
Year Built
2000
Listing Agency:
Plaza Island Properties
Listed By:
Dilani Pompeus
(908) 906-9362
Source:
Statenislandhomelistings
Added: Sep 15
Changed: Sep 18
Last Checked: Sep 20 at 9:01AM
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 Plaza Island Properties
Investment Insights
Based on property information with market context.
This 1,800-square-foot multifamily property, built in 2000, offers a layered layout with hardwood floors, multiple staircases, and three-zone central air conditioning. The main level includes separate living and dining rooms, an eat-in kitchen, a half bathroom, and sliding doors opening to the backyard. Upstairs are three bedrooms, including a primary suite with a private full bathroom, along with an additional full bathroom. The finished basement adds a family room and three-quarter bathroom.
A separate side entrance leads to a studio-style area with its own kitchen and bathroom, with potential for a separate bedroom. The property also includes abundant storage, a private backyard, a driveway for two cars, and off-street parking. Located at 35 Georgia Court, the home sits on a private court shared by four homes, with access from Amboy Road. The roof was completed in 2021, and one AC unit was replaced in 2025.
A separate side entrance leads to a studio-style area with its own kitchen and bathroom, with potential for a separate bedroom. The property also includes abundant storage, a private backyard, a driveway for two cars, and off-street parking. Located at 35 Georgia Court, the home sits on a private court shared by four homes, with access from Amboy Road. The roof was completed in 2021, and one AC unit was replaced in 2025.
Key Highlights
- 1,800‑square‑foot property built in 2000
- Studio‑style area with separate kitchen, bathroom, and side entrance
- Three‑zone central air conditioning
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
$39,917
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
3.63%
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%
$798,340
$798.3K
Cap Rate 7%
$570,243
$570.2K
Cap Rate 9%
$443,522
$443.5K
Market Conditions
NOI Build-Up for 1,800 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
$75.6K $42.00/SF
− Vacancy
−$3.0K −$1.68/SF
EGI
$72.6K $40.32/SF
− OpEx
−$32.7K −$18.14/SF
NOI
$39.9K $22.18/SF
Area
Staten Island, NY
Vacancy
4.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
45.00%
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%
$798,340
Cap Rate 7%
$570,243
Cap Rate 9%
$443,522
Alternative Uses
Best Use
Apartment 5plus
$570.2K
$499.0K – $665.3K
NOI $39,917 @ 7.0% cap · market cap 3.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$858.9K
$751.5K – $1.00M
NOI $60,120 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
377
Businesses Nearby
Explore this area
Business Placement
Demographics for 10309, NY
33,523
Population
12,770
Households
2.6
Avg Household Size
41
Median Age
40%
College-Educated
92%
High-School Grad
7.3 sq mi
ZIP Area
4,592
Density / Sq Mi
$123,638
Median Household Income
$67,348
Median Earnings
$1,907
Median Rent
$745,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Flexible residence with separate studio-style area, private backyard, finished basement, and parking.
Where is this multifamily property located?
The property is located at 35 Georgia Ct Staten Island, NY.
What is the asking price?
The asking price for this property is $1,098,888.
What are key features of this property?
This property features: 1,800‑square‑foot property built in 2000; Studio‑style area with separate kitchen, bathroom, and side entrance; Three‑zone central air conditioning
