Multifamily Property with Heated
For Sale
$1,199,900
58 Grantwood Ave, Staten Island, NY 10312
Includes a first-floor one-bedroom rental, updated interiors, and private outdoor amenities.
Property Size2,350 SF
Days on Market15
Property Features for 58 Grantwood Ave
General Information
Standard status
Active
Size
2,350 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$10,135
Amenities
pool
cabana
Building Details
Building Size
2,350 SF
Year Built
1970
Stories
2
Listing Agency:
NEUHAUS REALTY INC.
(718) 979-3400
Listed By:
Giovanna Cardinale · License #40CA1050108
(718) 979-3400
Source:
Elliman
Added: Aug 11
Changed: Aug 24
Last Checked: Aug 24 at 5:01AM
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 NEUHAUS REALTY INC.
Investment Insights
Based on property information with market context.
This multifamily property, built in 1970, includes a first-floor one-bedroom rental unit and a primary residence with four updated bathrooms. The 2025 kitchen has an open layout with modern appliances and cabinetry, while hardwood flooring extends throughout the home. Central air conditioning and new baseboard heating provide updated mechanical features. The roof includes solar panels installed in 2011.
Outdoor amenities include an inground saltwater heated pool with a new liner installed in 2025, along with pavers and a cabana. The property is located at 58 Grantwood Ave in Staten Island, NY 10312. Walk Score is 72, Transit Score is 56, and Bike Score is 44.
Outdoor amenities include an inground saltwater heated pool with a new liner installed in 2025, along with pavers and a cabana. The property is located at 58 Grantwood Ave in Staten Island, NY 10312. Walk Score is 72, Transit Score is 56, and Bike Score is 44.
Key Highlights
- Inground saltwater heated pool with new liner installed in 2025
- First‑floor 1‑bedroom rental unit
- 2025 kitchen renovation with open‑concept layout and modern appliances
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
$58,070
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
4.84%
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%
$1,161,400
$1.2M
Cap Rate 7%
$829,571
$829.6K
Cap Rate 9%
$645,222
$645.2K
Market Conditions
NOI Build-Up for 2,350 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
$90.2K $38.40/SF
− Vacancy
−$7.3K −$3.10/SF
EGI
$83.0K $35.30/SF
− OpEx
−$24.9K −$10.59/SF
NOI
$58.1K $24.71/SF
Area
ZIP 10312
Vacancy
8.07%
Lease Rate
$38.40 /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%
$1,161,400
Cap Rate 7%
$829,571
Cap Rate 9%
$645,222
Alternative Uses
Best Use
Multifamily LT 5
$829.6K
$725.9K – $967.8K
NOI $58,070 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$729.9K
$638.6K – $851.5K
NOI $51,090 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$1.12M
$981.1K – $1.31M
NOI $78,491 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
602
Businesses Nearby
Explore this area
Business Placement
Demographics for 10312, NY
61,642
Population
22,547
Households
2.7
Avg Household Size
43
Median Age
41%
College-Educated
92%
High-School Grad
6.9 sq mi
ZIP Area
8,934
Density / Sq Mi
$111,434
Median Household Income
$62,700
Median Earnings
$1,911
Median Rent
$698,900
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 - Includes a first-floor one-bedroom rental, updated interiors, and private outdoor amenities.
Where is this multifamily property located?
The property is located at 58 Grantwood Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $1,199,900.
What are key features of this property?
This property features: Inground saltwater heated pool with new liner installed in 2025; First‑floor 1‑bedroom rental unit; 2025 kitchen renovation with open‑concept layout and modern appliances
