Three-Story Specialty
New
For Sale
$525,000
638 Ilyssa Way, Staten Island, NY 10312
Residential, Triplex, Staten Island, NY
Property Size1,354 SF
Lot Size0.01 Acres
Price / SF$387.74
Days on Market4
Property Features for 638 Ilyssa Way
General Information
Property type
Residential
Property subtype
Triplex
Zoning
R3-2
Bedrooms
2
Bathrooms
3
Full bathrooms
1
Half bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 3
Parking features
Carport, Garage
Interior features
Central Air
Subdivision
Arden Heights
Standard status
Active
Size
1,354 SF
Lot size
0.01 Acres
Taxes and HOA fees
Tax Annual Amount
2886
Building Details
Year built
1996
Flooring type
Laminate
Roof type
Shingle
Architectural style
Other
Listing Agency:
eXp Realty BKNY
(888) 276-0630
Listed By:
Kenwood Chan
(917) 669-7142
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 16 at 8:06PM
MLS# 505292
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This three-story specialty property contains 1,354 square feet, with two bedrooms and three full bathrooms arranged across three levels. Interior features include central air and laminate flooring; the roof is shingle. The property was built in 1996 and occupies a 0.0119-acre lot. Parking features include a carport and garage, and the zoning designation is R3-2.
Key Highlights
- 1,354 square feet across three stories
- Two bedrooms and three full bathrooms
- 0.0119‑acre lot; zoned R3‑2
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,437
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$588,740
$588.7K
Cap Rate 7%
$420,529
$420.5K
Cap Rate 9%
$327,078
$327.1K
Market Conditions
NOI Build-Up for 1,354 SF
Gross rent
$58.5K $43.20/SF
− Vacancy
−$5.0K −$3.67/SF
EGI
$53.5K $39.53/SF
− OpEx
−$24.1K −$17.79/SF
NOI
$29.4K $21.74/SF
Area
ZIP 10312
Vacancy
8.50%
Lease Rate
$43.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$588,740
Cap Rate 7%
$420,529
Cap Rate 9%
$327,078
Alternative Uses
Best Use
Apartment 5plus
$420.5K
$368.0K – $490.6K
NOI $29,437 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$646.1K
$565.3K – $753.7K
NOI $45,224 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
292
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
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Frequently Asked Questions
What type of property is this?
Single family property - A three-level layout includes two bedrooms, three full bathrooms, and central air.
Where is this single family property located?
The property is located at 638 Ilyssa Way Staten Island, NY.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 1,354 square feet across three stories; Two bedrooms and three full bathrooms; 0.0119‑acre lot; zoned R3‑2
