Four-Unit Multifamily
For Sale
$1,399,000
Pending
53-55 Luke Court, Staten Island, NY 10306
Residential Income, Staten Island, NY
Property Size4,742 SF
Lot Size0.12 Acres
Days on Market42
Property Features for 53-55 Luke Court
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
R3-2
Bedrooms
8
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 3, Bedroom 2, Bedroom 1, Bedroom 7, Bedroom 5, Bedroom 6, Bedroom 8, Bathroom 1, Bathroom 4, Bathroom 5, Bedroom 3, Bathroom 2, Bedroom 4
Parking features
Driveway
Basement
Finished, Full, Unfinished
Lot features
Front Yard, Back Yard
Subdivision
Richmond Town
Standard status
Pending
APN
04478-0220/0221
Size
4,742 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
13900
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
1986
Floors in Building
2
Number of units
4
Building materials
Vinyl Siding
Architectural style
Colonial
Listing Agency:
Tom Crimmins Realty, Ltd.
(718) 370-3200
Listed By:
Ross Buxbaum · License #40BU1069624
(718) 619-7976
Added: Aug 25
Changed: Oct 3
Last Checked: Oct 5 at 2:06PM
MLS# 2604809
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 multifamily package includes two separate legal two-family residences at 53-55 Luke Court, with four existing units in total. Each home contains two 2-bedroom, 1-bathroom units, and all units are vacant. The buildings provide 4,742 square feet combined and were constructed in 1986 with Colonial styling and vinyl siding.
The two homes occupy a combined 5,303 square feet of lot area. The residence at 53 Luke Court includes a finished basement with an additional bathroom and side entrance, while 55 Luke Court has an unfinished basement with its own side entrance. Both properties feature driveway parking, natural gas forced-air heat, central air conditioning, and public sewer service. The zoning designation is R3-2.
The two homes occupy a combined 5,303 square feet of lot area. The residence at 53 Luke Court includes a finished basement with an additional bathroom and side entrance, while 55 Luke Court has an unfinished basement with its own side entrance. Both properties feature driveway parking, natural gas forced-air heat, central air conditioning, and public sewer service. The zoning designation is R3-2.
Key Highlights
- Two separate legal two‑family homes sold together as one package
- Four existing units, with each residence configured as two 2‑bedroom, 1‑bathroom apartments
- All units are vacant at the time of sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,454
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,409,080
$2.4M
Cap Rate 7%
$1,720,771
$1.7M
Cap Rate 9%
$1,338,378
$1.3M
Market Conditions
NOI Build-Up for 4,742 SF
Gross rent
$182.1K $38.40/SF
− Vacancy
−$10.0K −$2.11/SF
EGI
$172.1K $36.29/SF
− OpEx
−$51.6K −$10.89/SF
NOI
$120.5K $25.40/SF
Area
ZIP 10306
Vacancy
5.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,409,080
Cap Rate 7%
$1,720,771
Cap Rate 9%
$1,338,378
Alternative Uses
Best Use
Multifamily LT 5
$1.72M
$1.51M – $2.01M
NOI $120,454 @ 7.0% cap · market cap 8.61%
Second Best
Apartment 5plus
$1.53M
$1.34M – $1.78M
NOI $107,036 @ 7.0% cap · market cap 7.65%
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,384 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
395
Businesses Nearby
Explore this area
Business Placement
Demographics for 10306, NY
57,919
Population
21,299
Households
2.7
Avg Household Size
43
Median Age
34%
College-Educated
88%
High-School Grad
7.2 sq mi
ZIP Area
8,044
Density / Sq Mi
$97,746
Median Household Income
$54,052
Median Earnings
$1,743
Median Rent
$675,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two vacant legal two-family homes with basement space and separate entrances on Luke Court.
Where is this multifamily property located?
The property is located at 53-55 Luke Court Staten Island, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Two separate legal two‑family homes sold together as one package; Four existing units, with each residence configured as two 2‑bedroom, 1‑bathroom apartments; All units are vacant at the time of sale
