Three-Unit Residential Income
376 Ross Avenue Staten Island, NY 10306
For Sale
Contact for pricing
Completely rebuilt triplex featuring three electric meters, two gas meters, and separate entries for flexible living layouts.
Property Size2,859 SF
Price / SF$514.10
Days on Market83
Property Features for 376 Ross Avenue
General Information
Standard status
Active
Size
2,859 SF
Property subtype
Multifamily
Building Details
Year Built
1950
Listing Agency:
Precious Properties Corp.
Listed By:
Tianting Huang · License #10301213479
Source:
Crexi
Added: May 8
Changed: Jul 21
Last Checked: Jul 25 at 2:57PM
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 For Multifamily LT 5
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 | $109.8k | $38.40 |
| − Vacancy | −$6.0k | −$2.11 |
| EGI | $103.7k | $36.29 |
| − OpEx | −$31.1k | −$10.89 |
| NOI | $72.6k | $25.40 |
2,859 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
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
Location Intelligence
Current Use
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 Avenue 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
