Multifamily Property with
For Sale
$799,000
46 Coale Ave, Staten Island, NY 10314
Two-level layout includes separate living areas, bedrooms, kitchens, bathrooms, and a basement with garage access.
Property Size1,428 SF
Price / SF$559.52
Days on Market30
Property Features for 46 Coale Ave
General Information
Standard status
Active
Size
1,428 SF
Property subtype
Multi-Family
Building Details
Year Built
1950
Listing Agency:
Tom Crimmins Realty, Ltd.
Listed By:
Wan Qing Wu · License #10401297160
(718) 370-3200
Source:
Statenislandhomelistings
Added: Aug 4
Changed: Sep 2
Last Checked: Sep 1 at 7:41PM
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 Tom Crimmins Realty, Ltd.
Investment Insights
Based on property information with market context.
This 1,428-square-foot multifamily property, built in 1950, offers a flexible two-level configuration with additional basement space. The first level includes a combined living and dining area, two bedrooms, and a full bathroom, while the upper level adds another bedroom, a living room, an eat-in kitchen, and a second full bathroom. A sunroom and large family room expand the common living areas.
The basement provides storage and utility space, an additional bathroom, and direct access to the garage. The property is located in the Castleton Corners neighborhood of Staten Island, near shopping, transportation, dining, and other neighborhood amenities.
The basement provides storage and utility space, an additional bathroom, and direct access to the garage. The property is located in the Castleton Corners neighborhood of Staten Island, near shopping, transportation, dining, and other neighborhood amenities.
Key Highlights
- 1,428‑square‑foot multifamily property built in 1950
- Two‑level layout with 3 bedrooms and separate living areas
- Eat‑in kitchen and full bathroom on the upper level
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
$36,116
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
4.52%
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%
$722,320
$722.3K
Cap Rate 7%
$515,943
$515.9K
Cap Rate 9%
$401,289
$401.3K
Market Conditions
NOI Build-Up for 1,428 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
$68.5K $48.00/SF
− Vacancy
−$2.9K −$2.02/SF
EGI
$65.7K $45.98/SF
− OpEx
−$29.5K −$20.69/SF
NOI
$36.1K $25.29/SF
Area
ZIP 10314
Vacancy
4.20%
Lease Rate
$48.00 /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%
$722,320
Cap Rate 7%
$515,943
Cap Rate 9%
$401,289
Alternative Uses
Best Use
Apartment 5plus
$515.9K
$451.5K – $601.9K
NOI $36,116 @ 7.0% cap · market cap 4.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$681.4K
$596.2K – $794.9K
NOI $47,696 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,242
Businesses Nearby
Explore this area
Business Placement
Demographics for 10314, NY
92,157
Population
33,554
Households
2.7
Avg Household Size
41
Median Age
37%
College-Educated
89%
High-School Grad
13.0 sq mi
ZIP Area
7,089
Density / Sq Mi
$104,655
Median Household Income
$58,769
Median Earnings
$1,726
Median Rent
$665,500
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?
Multifamily property - Two-level layout includes separate living areas, bedrooms, kitchens, bathrooms, and a basement with garage access.
Where is this multifamily property located?
The property is located at 46 Coale Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 1,428‑square‑foot multifamily property built in 1950; Two‑level layout with 3 bedrooms and separate living areas; Eat‑in kitchen and full bathroom on the upper level
