Multifamily Property with Heated
For Sale
$1,725,000
Pending
694 Maguire Avenue, Staten Island, NY 10309
Updated interiors, vaulted ceilings, and private outdoor amenities create a flexible residential setting.
Property Size3,151 SF
Days on Market185
Property Features for 694 Maguire Avenue
General Information
Standard status
Pending
Size
3,151 SF
Property subtype
MultiFamily
Zoning
R3X
Taxes and HOA fees
Annual Taxes
$12,822
Amenities
heated pool
outdoor kitchen
lounge areas
Eat In
Ceiling Fan(s)
Full Bath, Separate Shower
Natural Gas
Hot Water
Combination
5.00
Central Air
Brick, Stucco, Vinyl Siding
Balcony
Building Details
Year Built
1984
Listing Agency:
DiTommaso Real Estate
Listed By:
Frank Esposito · License #10401321287
(347) 938-1093
Source:
Compass
Added: Mar 3
Changed: Aug 31
Last Checked: Sep 2 at 12:11AM
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 multifamily property at 694 Maguire Avenue includes 3,151 square feet of interior space and was built in 1984. The residence features vaulted ceilings, refreshed bathrooms with separate showers, an eat-in area, finished space, and a primary suite extension that adds room for flexible use. Central air conditioning, gas service, hot water, and combination construction are also included.
Outdoor improvements provide a heated pool, outdoor kitchen, and lounge areas for recreation and entertaining. The exterior combines brick, stucco, and vinyl siding. The property is located in Staten Island, NY 10309, and carries R3X zoning.
Outdoor improvements provide a heated pool, outdoor kitchen, and lounge areas for recreation and entertaining. The exterior combines brick, stucco, and vinyl siding. The property is located in Staten Island, NY 10309, and carries R3X zoning.
Key Highlights
- 3,151‑square‑foot multifamily property at 694 Maguire Avenue, Staten Island, NY 10309
- Heated pool with outdoor kitchen and dedicated lounge areas
- Primary suite extension provides additional private interior space
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
$69,877
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
4.05%
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%
$1,397,540
$1.4M
Cap Rate 7%
$998,243
$998.2K
Cap Rate 9%
$776,411
$776.4K
Market Conditions
NOI Build-Up for 3,151 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
$132.3K $42.00/SF
− Vacancy
−$5.3K −$1.68/SF
EGI
$127.0K $40.32/SF
− OpEx
−$57.2K −$18.14/SF
NOI
$69.9K $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 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%
$1,397,540
Cap Rate 7%
$998,243
Cap Rate 9%
$776,411
Alternative Uses
Best Use
Apartment 5plus
$998.2K
$873.5K – $1.16M
NOI $69,877 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.50M
$1.32M – $1.75M
NOI $105,244 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
446
Businesses Nearby
Explore this area
Business Placement
Demographics for 10309, NY
33,523
Population
12,770
Households
2.6
Avg Household Size
41
Median Age
40%
College-Educated
92%
High-School Grad
7.3 sq mi
ZIP Area
4,592
Density / Sq Mi
$123,638
Median Household Income
$67,348
Median Earnings
$1,907
Median Rent
$745,500
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 - Updated interiors, vaulted ceilings, and private outdoor amenities create a flexible residential setting.
Where is this multifamily property located?
The property is located at 694 Maguire Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,725,000.
What are key features of this property?
This property features: 3,151‑square‑foot multifamily property at 694 Maguire Avenue, Staten Island, NY 10309; Heated pool with outdoor kitchen and dedicated lounge areas; Primary suite extension provides additional private interior space
