8-Unit Renovated Quadplex
For Sale
$2,400,000
440-442 Saint Marks Place, Staten Island, NY 10301
Two connected buildings offer fully occupied apartments, basement space, and private backyards.
Property Size6,352 SF
Price / SF$377.83
Days on Market10
Property Features for 440-442 Saint Marks Place
General Information
Standard status
Active
Size
6,352 SF
Property subtype
Residential Income
Zoning
C4-2
Occupancy
100%
Units
Unit Mix
6 x 2BR, 2 x 3BR
Multifamily Units
8
Additional Details
Public Transit
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$30,054
Amenities
basement
backyard
true
10
18
Back Yard
4250
50x89
0.1
See Remarks,On Street
6352
Building Details
Building Size
6,352 SF
Year Built
1900
Buildings
2
Stories
4
Listing Agency:
Robert DeFalco Realty, Inc.
Listed By:
Michael A Martin
(917) 974-7540
Source:
Matiasrealestatenyc
Added: Oct 26
Changed: Nov 3
Last Checked: Nov 3 at 8:21AM
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 Robert DeFalco Realty, Inc.
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Investment Insights
Based on property information with market context.
Two attached residential buildings contain eight apartments: six two-bedroom units and two three-bedroom units. Both properties have been renovated and modernized, and each includes a basement and backyard. All eight apartments are occupied. The combined property totals 6,352 square feet and was built in 1900.
The site is zoned C4-2. The property information also identifies unused FAR and additional development potential, as well as mixed-use potential under the zoning. The Staten Island Ferry is described as minutes away, providing transportation to Manhattan.
The site is zoned C4-2. The property information also identifies unused FAR and additional development potential, as well as mixed-use potential under the zoning. The Staten Island Ferry is described as minutes away, providing transportation to Manhattan.
Key Highlights
- Eight occupied apartments across two connected buildings
- Unit mix includes six 2‑bedroom apartments and two 3‑bedroom apartments
- Both buildings have been renovated and modernized
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$157,963
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,159,260
$3.2M
Cap Rate 7%
$2,256,614
$2.3M
Cap Rate 9%
$1,755,144
$1.8M
Market Conditions
NOI Build-Up for 6,352 SF
Gross rent
$236.3K $37.20/SF
− Vacancy
−$10.6K −$1.67/SF
EGI
$225.7K $35.53/SF
− OpEx
−$67.7K −$10.66/SF
NOI
$158.0K $24.87/SF
Area
Staten Island, NY
Vacancy
4.50%
Lease Rate
$37.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,159,260
Cap Rate 7%
$2,256,614
Cap Rate 9%
$1,755,144
Alternative Uses
Best Use
Multifamily LT 5
$2.26M
$1.97M – $2.63M
NOI $157,963 @ 7.0% cap · market cap 6.58%
Second Best
Apartment 5plus
$2.01M
$1.76M – $2.35M
NOI $140,862 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$3.03M
$2.65M – $3.54M
NOI $212,158 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Two connected buildings offer fully occupied apartments, basement space, and private backyards.
Where is this quadplex 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 $2,400,000.
What are key features of this property?
This property features: Eight occupied apartments across two connected buildings; Unit mix includes six 2‑bedroom apartments and two 3‑bedroom apartments; Both buildings have been renovated and modernized
