Two Attached Four-Family
For Sale
$2,500,000
440-442 Saint Marks Place, Staten Island, NY 10301
MULTI_FAMILY - Staten Island, NY
Property Size6,352 SF
Lot Size0.10 Acres
Price / SF$393.58
Days on Market51
Property Features for 440-442 Saint Marks Place
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
C4-2
Bedrooms
18
Bathrooms
10
Full bathrooms
10
Rooms
Bedroom 17, Bathroom 3, Bathroom 7, Bedroom 9, Bedroom 2, Bedroom 12, Bedroom 16, Bedroom 8, Bedroom 11, Bedroom 4, Bedroom 18, Bathroom 5, Bedroom 1, Bathroom 6, Bathroom 2, Bedroom 7, Bedroom 3, Bedroom 14, Bathroom 9, Bathroom 1, Bathroom 10, Bedroom 10, Bedroom 13, Bedroom 5, Bedroom 6, Bathroom 4, Bathroom 8, Bedroom 15
Parking features
On Street
Security features
Security System
Basement
Unfinished
Lot features
Back Yard
Subdivision
St. George
Standard status
Active
Size
6,352 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
30054
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating)
Cooling system
Window Unit(s)
Building Details
Year built
1900
Floors in Building
4
Number of units
8
Building materials
Brick, Stucco
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Michael A Martin
(917) 974-7540
Added: Jul 9
Changed: Aug 2
Last Checked: Aug 28 at 10:06AM
MLS# 2603880
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 property is made up of two attached four-family buildings at 440-442 Saint Marks Place in Staten Island. The buildings contain eight apartments total, with six 2-bedroom units and two 3-bedroom units. Public remarks indicate all apartments are fully occupied and that the property has no rent stabilization. Both buildings have basements and backyards, and public remarks state the buildings are fully renovated and modernized for tenant convenience.
Zoned C4-2, the buildings may support mixed-use potential. Public remarks also cite additional development potential tied to unused FAR. The area offers convenient transportation to and from Manhattan via the Staten Island Ferry.
The buildings were constructed in 1900 and include brick and stucco construction. Heating is natural gas with hot water heat, and cooling is provided by window unit(s). Sewer service is public sewer, and parking is listed as on-street.
Zoned C4-2, the buildings may support mixed-use potential. Public remarks also cite additional development potential tied to unused FAR. The area offers convenient transportation to and from Manhattan via the Staten Island Ferry.
The buildings were constructed in 1900 and include brick and stucco construction. Heating is natural gas with hot water heat, and cooling is provided by window unit(s). Sewer service is public sewer, and parking is listed as on-street.
Key Highlights
- Two attached four‑family buildings with eight fully occupied apartments
- Unit mix: six 2‑bedroom apartments and two 3‑bedroom apartments
- Zoned C4‑2 with mixed‑use potential
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
$140,862
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
5.63%
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%
$2,817,240
$2.8M
Cap Rate 7%
$2,012,314
$2.0M
Cap Rate 9%
$1,565,133
$1.6M
Market Conditions
NOI Build-Up for 6,352 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
$266.8K $42.00/SF
− Vacancy
−$10.7K −$1.68/SF
EGI
$256.1K $40.32/SF
− OpEx
−$115.3K −$18.14/SF
NOI
$140.9K $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%
$2,817,240
Cap Rate 7%
$2,012,314
Cap Rate 9%
$1,565,133
Alternative Uses
Best Use
Apartment 5plus
$2.01M
$1.76M – $2.35M
NOI $140,862 @ 7.0% cap · market cap 5.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.03M
$2.65M – $3.54M
NOI $212,158 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,664
Businesses Nearby
Explore this area
Business Placement
Demographics for 10301, NY
41,474
Population
16,631
Households
2.5
Avg Household Size
40
Median Age
38%
College-Educated
88%
High-School Grad
3.8 sq mi
ZIP Area
10,914
Density / Sq Mi
$84,937
Median Household Income
$50,140
Median Earnings
$1,697
Median Rent
$657,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - C4-2 zoning with eight fully occupied apartments across two attached four-family buildings.
Where is this apartment building located?
The property is located at 440-442 Saint Marks Place Staten Island, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Two attached four‑family buildings with eight fully occupied apartments; Unit mix: six 2‑bedroom apartments and two 3‑bedroom apartments; Zoned C4‑2 with mixed‑use potential
