Multifamily Property with Finished
For Sale
$799,999
Pending
502 Melba St, Staten Island, NY 10314
Three-bedroom property with high ceilings, a paved backyard, and convenient access to transportation and daily necessities.
Property Size1,154 SF
Days on Market213
Property Features for 502 Melba St
General Information
Standard status
Pending
Size
1,154 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Amenities
fully finished basement
9-foot ceilings
beautifully paved backyard
Building Details
Year Built
2019
Listing Agency:
Homes R Us Realty of NY, Inc.
Listed By:
Huan Kuei Lo · License #10401313713
(718) 668-2550
Source:
Statenislandhomelistings
Added: Mar 22
Changed: Oct 1
Last Checked: Oct 19 at 6:57AM
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 Homes R Us Realty of NY, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property was built in 2019 and offers a three-bedroom, 3.5-bathroom configuration with a fully finished basement. Nine-foot ceilings contribute to the interior layout, while the paved backyard provides an outdoor area designed for straightforward upkeep and gatherings.
The property is located on Melba St in Staten Island and is near major highways, shopping, dining, and transportation. Its combination of bedroom and bathroom count, finished lower-level space, outdoor improvements, and recent construction creates a clearly defined residential configuration.
The property is located on Melba St in Staten Island and is near major highways, shopping, dining, and transportation. Its combination of bedroom and bathroom count, finished lower-level space, outdoor improvements, and recent construction creates a clearly defined residential configuration.
Key Highlights
- Built in 2019
- Three bedrooms and 3.5 bathrooms
- Fully finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,186
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$583,720
$583.7K
Cap Rate 7%
$416,943
$416.9K
Cap Rate 9%
$324,289
$324.3K
Market Conditions
NOI Build-Up for 1,154 SF
Gross rent
$55.4K $48.00/SF
− Vacancy
−$2.3K −$2.02/SF
EGI
$53.1K $45.98/SF
− OpEx
−$23.9K −$20.69/SF
NOI
$29.2K $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 Rate 5%
$583,720
Cap Rate 7%
$416,943
Cap Rate 9%
$324,289
Alternative Uses
Best Use
Apartment 5plus
$416.9K
$364.8K – $486.4K
NOI $29,186 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$550.6K
$481.8K – $642.4K
NOI $38,544 @ 7.0% cap · market cap 4.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
451
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Three-bedroom property with high ceilings, a paved backyard, and convenient access to transportation and daily necessities.
Where is this multifamily property located?
The property is located at 502 Melba St Staten Island, NY.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: Built in 2019; Three bedrooms and 3.5 bathrooms; Fully finished basement
