Renovated Residential Income
For Sale
$648,000
637 Westwood Ave Unit A, Staten Island, NY 10314
Three bedrooms, separate living and dining rooms, and a private front and side yard provide a defined residential layout.
Property Size1,224 SF
Price / SF$529.41
Days on Market28
Property Features for 637 Westwood Ave Unit A
General Information
Standard status
Active
Size
1,224 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
1
Building Details
Year Built
1988
Listing Agency:
Real Broker NY LLC
Listed By:
Yongda Simon Liang · License #15254
(631) 721-9468
Source:
Statenislandhomelistings
Added: Sep 30
Changed: Oct 25
Last Checked: Oct 26 at 4:25PM
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 Real Broker NY LLC
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Investment Insights
Based on property information with market context.
This 1,224-square-foot end-unit townhouse, built in 1988, has three bedrooms and one and a half bathrooms. The first level contains the living room, dining room, half bath, and utility room; all three bedrooms and the full bath are upstairs. A pull-down attic provides storage. Interior details include hardwood flooring and oak stairs, with a private front yard and side yard.
The HOA covers snow removal, yard maintenance, a parking space, and sewer service.
The HOA covers snow removal, yard maintenance, a parking space, and sewer service.
Key Highlights
- 1,224‑square‑foot end‑unit townhouse
- Three bedrooms and 1.5 bathrooms
- Renovated interior with hardwood floors and oak stairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,956
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$619,120
$619.1K
Cap Rate 7%
$442,229
$442.2K
Cap Rate 9%
$343,956
$344.0K
Market Conditions
NOI Build-Up for 1,224 SF
Gross rent
$58.8K $48.00/SF
− Vacancy
−$2.5K −$2.02/SF
EGI
$56.3K $45.98/SF
− OpEx
−$25.3K −$20.69/SF
NOI
$31.0K $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%
$619,120
Cap Rate 7%
$442,229
Cap Rate 9%
$343,956
Alternative Uses
Best Use
Apartment 5plus
$442.2K
$387.0K – $515.9K
NOI $30,956 @ 7.0% cap · market cap 4.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$584.0K
$511.0K – $681.4K
NOI $40,882 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,263
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Three bedrooms, separate living and dining rooms, and a private front and side yard provide a defined residential layout.
Where is this residential income property located?
The property is located at 637 Westwood Ave Unit A Staten Island, NY.
What is the asking price?
The asking price for this property is $648,000.
What are key features of this property?
This property features: 1,224‑square‑foot end‑unit townhouse; Three bedrooms and 1.5 bathrooms; Renovated interior with hardwood floors and oak stairs
