Three-Unit Residential Income
For Sale
Contact for pricing
64 Newton Street, Staten Island, NY 10312
New construction three-unit setup includes two 3-bedroom apartments plus a separate 2-bedroom ADU and a walkout basement entrance.
Property Size5,000 SF
Price / SF$360
Days on Market67
Property Features for 64 Newton Street
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Multifamily
Zoning
R3X
Additional Details
Multifamily Units
3
Building Details
Year Built
2026
Stories
2
Units
3
Listing Agency:
DiTommaso Real Estate
(718) 356-9200
Listed By:
Dianne Lopardo · License #10401205678
Source:
Crexi
Added: Jun 19
Changed: Aug 17
Last Checked: Aug 24 at 4:30PM
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 DiTommaso Real Estate
Investment Insights
Based on property information with market context.
This one-of-a-kind three-family residence is described as new construction and configured to provide multiple independent living options. The property features three units in total, including two separate 3-bedroom, 2-bathroom apartments. In addition, there is a separate 2-bedroom ADU, designed as an additional, self-contained living space. Completing the layout is a full walkout basement with a private entrance, offering further flexibility for tenant or household use.
Located at 64 Newton Street on Staten Island, the property is offered for sale. The combination of unit variety and the walkout basement with its own entrance can be especially useful for owners seeking a multi-tenant structure with distinct spaces.
From an ownership and occupancy perspective, the mix of two 3-bedroom, 2-bathroom units, a separate 2-bedroom ADU, and a walkout basement with private access supports a range of rental and lifestyle arrangements. Buyers evaluating residential income opportunities can look at how the provided unit mix may align with potential tenants who need different bedroom counts, while still keeping the overall property as a single investment.
Located at 64 Newton Street on Staten Island, the property is offered for sale. The combination of unit variety and the walkout basement with its own entrance can be especially useful for owners seeking a multi-tenant structure with distinct spaces.
From an ownership and occupancy perspective, the mix of two 3-bedroom, 2-bathroom units, a separate 2-bedroom ADU, and a walkout basement with private access supports a range of rental and lifestyle arrangements. Buyers evaluating residential income opportunities can look at how the provided unit mix may align with potential tenants who need different bedroom counts, while still keeping the overall property as a single investment.
Key Highlights
- New construction 3‑family setup built in 2026
- Includes two 3‑bedroom, 2‑bathroom apartments
- Separate 2‑bedroom ADU on the property
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
$123,554
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
6.86%
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%
$2,471,080
$2.5M
Cap Rate 7%
$1,765,057
$1.8M
Cap Rate 9%
$1,372,822
$1.4M
Market Conditions
NOI Build-Up for 5,000 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
$192.0K $38.40/SF
− Vacancy
−$15.5K −$3.10/SF
EGI
$176.5K $35.30/SF
− OpEx
−$53.0K −$10.59/SF
NOI
$123.6K $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%
$2,471,080
Cap Rate 7%
$1,765,057
Cap Rate 9%
$1,372,822
Alternative Uses
Best Use
Multifamily LT 5
$1.77M
$1.54M – $2.06M
NOI $123,554 @ 7.0% cap · market cap 6.86%
Second Best
Apartment 5plus
$1.55M
$1.36M – $1.81M
NOI $108,702 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$2.39M
$2.09M – $2.78M
NOI $167,001 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
244
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?
Triplex - New construction three-unit setup includes two 3-bedroom apartments plus a separate 2-bedroom ADU and a walkout basement entrance.
Where is this triplex located?
The property is located at 64 Newton Street Staten Island, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: New construction 3‑family setup built in 2026; Includes two 3‑bedroom, 2‑bathroom apartments; Separate 2‑bedroom ADU on the property
