Detached Multifamily
New
For Sale
$999,999
68 Van Pelt Avenue, Staten Island, NY 10303
The tenant-occupied property includes an additional above-ground room with a three-quarter bathroom.
Property Size3,040 SF
Price / SF$328.95
Days on Market7
Property Features for 68 Van Pelt Avenue
General Information
Standard status
Active
Size
3,040 SF
Property subtype
Residential Income
Zoning
R3 A
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$8,142
Amenities
2
1
true
5
6
Back Yard
7904
20 x 160
0.18
Carport
3040
Building Details
Building Size
3,040 SF
Year Built
2008
Stories
2
Listing Agency:
DiTommaso Real Estate
Listed By:
Aziz Benohod · License #10401271139
(917) 613-8742
Source:
Matiasrealestatenyc
Added: Oct 29
Changed: Nov 3
Last Checked: Nov 3 at 8:22AM
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
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Investment Insights
Based on property information with market context.
This detached multifamily property measures 3,040 square feet and has a 6-over-6 configuration. An additional above-ground room with a three-quarter bathroom adds to the interior layout. The property was built in 2008 and is zoned R3 A.
Exterior features include a carport and front, side, and rear yard areas. The property is being sold as is with a tenant in place.
Exterior features include a carport and front, side, and rear yard areas. The property is being sold as is with a tenant in place.
Key Highlights
- 3,040‑square‑foot detached property with a 6‑over‑6 configuration
- Built in 2008; zoned R3 A
- Additional above‑ground room with a three‑quarter bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,415
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,348,300
$1.3M
Cap Rate 7%
$963,071
$963.1K
Cap Rate 9%
$749,056
$749.1K
Market Conditions
NOI Build-Up for 3,040 SF
Gross rent
$127.7K $42.00/SF
− Vacancy
−$5.1K −$1.68/SF
EGI
$122.6K $40.32/SF
− OpEx
−$55.2K −$18.14/SF
NOI
$67.4K $22.18/SF
Area
Staten Island, NY
Vacancy
4.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,348,300
Cap Rate 7%
$963,071
Cap Rate 9%
$749,056
Alternative Uses
Best Use
Apartment 5plus
$963.1K
$842.7K – $1.12M
NOI $67,415 @ 7.0% cap · market cap 6.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,537 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
838
Businesses Nearby
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Business Placement
Demographics for 10303, NY
28,155
Population
9,580
Households
2.9
Avg Household Size
34
Median Age
30%
College-Educated
83%
High-School Grad
3.2 sq mi
ZIP Area
8,798
Density / Sq Mi
$79,429
Median Household Income
$49,072
Median Earnings
$1,520
Median Rent
$457,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - The tenant-occupied property includes an additional above-ground room with a three-quarter bathroom.
Where is this multifamily property located?
The property is located at 68 Van Pelt Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: 3,040‑square‑foot detached property with a 6‑over‑6 configuration; Built in 2008; zoned R3 A; Additional above‑ground room with a three‑quarter bathroom
