Three-Unit Residential Income
For Sale
$1,469,800
Pending
376 Ross Ave, Staten Island, NY 10306
Completely rebuilt triplex featuring three electric meters, two gas meters, and separate entries for flexible living layouts.
Property Size2,859 SF
Days on Market147
Property Features for 376 Ross Ave
General Information
Standard status
Pending
Size
2,859 SF
Property subtype
Multi-Family
Building Details
Year Built
2025
Listing Agency:
Precious Properties Corp.
Listed By:
Tianting "Tim" Huang · License #10301213479
(646) 533-1900
Source:
Statenislandhomelistings
Added: Apr 17
Changed: Sep 9
Last Checked: Sep 9 at 11:52AM
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 Precious Properties Corp.
Investment Insights
Based on property information with market context.
Completely rebuilt from the ground up, this triplex residential income property is designed for flexible multi-floor living. The newly built second-floor unit offers 3 bedrooms and 2 baths, including 9-foot ceilings, a dedicated laundry room, and an elevated ceiling height in the living room. The first floor features 2 bedrooms, 1 bath, a living room, and dining/family room with direct access to the back yard. A fully finished basement includes an additional half bath and a separate exterior entrance that can support recreation, a home office, or guest use.
The home is located in the heart of the New Dorp commercial district on Ross Avenue. It is within walking distance of banks, the post office, restaurants, and shopping, with local and express bus access to Brooklyn and Manhattan nearby.
Utility metering supports separate operation across the building, with three electric meters (one per floor) and two gas meters, providing practical options for multi-unit living.
The home is located in the heart of the New Dorp commercial district on Ross Avenue. It is within walking distance of banks, the post office, restaurants, and shopping, with local and express bus access to Brooklyn and Manhattan nearby.
Utility metering supports separate operation across the building, with three electric meters (one per floor) and two gas meters, providing practical options for multi-unit living.
Key Highlights
- Completely rebuilt triplex with three electric meters—one per floor—and two gas meters for flexible living setups
- Newly built second‑floor unit offers 1,300+ SF with 3 bedrooms, 2 baths, and 9‑ft ceilings
- Second‑floor living room features a 12.5‑ft ceiling, plus a dedicated laundry room and master bedroom with 2 closets
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
$72,623
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
4.94%
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%
$1,452,460
$1.5M
Cap Rate 7%
$1,037,471
$1.0M
Cap Rate 9%
$806,922
$806.9K
Market Conditions
NOI Build-Up for 2,859 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
$109.8K $38.40/SF
− Vacancy
−$6.0K −$2.11/SF
EGI
$103.7K $36.29/SF
− OpEx
−$31.1K −$10.89/SF
NOI
$72.6K $25.40/SF
Area
ZIP 10306
Vacancy
5.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
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%
$1,452,460
Cap Rate 7%
$1,037,471
Cap Rate 9%
$806,922
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$907.8K – $1.21M
NOI $72,623 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$921.9K
$806.7K – $1.08M
NOI $64,533 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,491 @ 7.0% cap · market cap 6.50%
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
1,841
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
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Cap Rate, Value Estimation, Potential NOI and more
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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?
Triplex - Completely rebuilt triplex featuring three electric meters, two gas meters, and separate entries for flexible living layouts.
Where is this triplex located?
The property is located at 376 Ross Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $1,469,800.
What are key features of this property?
This property features: Completely rebuilt triplex with three electric meters—one per floor—and two gas meters for flexible living setups; Newly built second‑floor unit offers 1,300+ SF with 3 bedrooms, 2 baths, and 9‑ft ceilings; Second‑floor living room features a 12.5‑ft ceiling, plus a dedicated laundry room and master bedroom with 2 closets
