Newly Renovated Quadplex
For Sale
Contact for pricing
48 Tompkins Circle, Staten Island, NY 10301
Four-family home with 11+ foot ceilings and panoramic Manhattan, harbor, and bridge views.
Property Size5,000 SF
Price / SF$290
Days on Market64
Property Features for 48 Tompkins Circle
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Multifamily
Zoning
R3-1
Additional Details
Business Included
Yes
Multifamily Units
4
Building Details
Year Built
1933
Stories
3
Units
4
Tenancy
Multi
Listing Agency:
Ashford Homes LLC
(929) 364-1301
Listed By:
Lin Liu · License #10401365972
Source:
Crexi
Added: Jun 11
Changed: Aug 11
Last Checked: Aug 11 at 8:59AM
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 Ashford Homes LLC
Investment Insights
Based on property information with market context.
48 Tompkins Circle presents a newly renovated, move-in-ready four-family residence designed for owner-occupants and investors alike. The property features soaring ceilings exceeding 11 feet and abundant natural light, with multiple vantage points offering panoramic views of the Manhattan skyline, New York Harbor, and the Verrazzano-Narrows Bridge. Historic character is paired with modern upgrades throughout, creating updated, livable spaces within an established, distinctive structure.
Situated on a hilltop on Staten Island’s North Shore, the home is positioned near the Staten Island Ferry, Empire Outlets, and nearby waterfront attractions. The surrounding area also includes shopping, dining, and public transportation, supporting day-to-day convenience for residents.
As an income-producing quadplex, the property offers four residential units under one roof. For tenants, the appeal is in the combination of oversized, light-filled interiors and the distinctive views available from within the building. For buyers, it provides a turnkey option with recent renovations and a straightforward multi-family setup intended to support rental income while the owner retains the flexibility to occupy part of the building.
Situated on a hilltop on Staten Island’s North Shore, the home is positioned near the Staten Island Ferry, Empire Outlets, and nearby waterfront attractions. The surrounding area also includes shopping, dining, and public transportation, supporting day-to-day convenience for residents.
As an income-producing quadplex, the property offers four residential units under one roof. For tenants, the appeal is in the combination of oversized, light-filled interiors and the distinctive views available from within the building. For buyers, it provides a turnkey option with recent renovations and a straightforward multi-family setup intended to support rental income while the owner retains the flexibility to occupy part of the building.
Key Highlights
- Four‑family residence built in 1933 on Staten Island’s North Shore
- Newly renovated, move‑in‑ready property with income‑producing setup
- Panoramic views of the Manhattan skyline, New York Harbor, and the Verrazzano‑Narrows Bridge from multiple areas
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
$124,341
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
8.58%
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%
$2,486,820
$2.5M
Cap Rate 7%
$1,776,300
$1.8M
Cap Rate 9%
$1,381,567
$1.4M
Market Conditions
NOI Build-Up for 5,000 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
$186.0K $37.20/SF
− Vacancy
−$8.4K −$1.67/SF
EGI
$177.6K $35.53/SF
− OpEx
−$53.3K −$10.66/SF
NOI
$124.3K $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 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%
$2,486,820
Cap Rate 7%
$1,776,300
Cap Rate 9%
$1,381,567
Alternative Uses
Best Use
Multifamily LT 5
$1.78M
$1.55M – $2.07M
NOI $124,341 @ 7.0% cap · market cap 8.58%
Second Best
Apartment 5plus
$1.58M
$1.39M – $1.85M
NOI $110,880 @ 7.0% cap · market cap 7.65%
Theoretical Best
Office A
$2.39M
$2.09M – $2.78M
NOI $167,001 @ 7.0% cap · market cap 11.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,839
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?
Quadplex - Four-family home with 11+ foot ceilings and panoramic Manhattan, harbor, and bridge views.
Where is this quadplex located?
The property is located at 48 Tompkins Circle Staten Island, NY.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Four‑family residence built in 1933 on Staten Island’s North Shore; Newly renovated, move‑in‑ready property with income‑producing setup; Panoramic views of the Manhattan skyline, New York Harbor, and the Verrazzano‑Narrows Bridge from multiple areas
