Renovated Triplex with Income
For Sale
Contact for pricing
7355 Amboy Road, Staten Island, NY 10307
Fully vacant, renovated triplex with income potential in Staten Island.
Property Size3,542 SF
Price / SF$253.81
Days on Market176
Property Features for 7355 Amboy Road
General Information
Standard status
Active
Size
3,542 SF
Property subtype
Multifamily
Zoning
R3 A
Building Details
Year Built
1915
Stories
3
Units
2
Listing Agency:
Robert DeFalco Realty, Inc.
(917) 612-1458
Listed By:
Raymond Ebro · License #10311205932
Source:
Crexi
Added: Feb 26
Changed: Aug 8
Last Checked: Aug 8 at 6:36AM
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 Robert DeFalco Realty, Inc.
Investment Insights
Based on property information with market context.
This fully detached triplex presents an opportunity for investors or owner-occupants. The property features three units: a renovated 3-bedroom apartment on the first level, a 3-bedroom apartment on the second level, and a 2-bedroom unit on the third level. The first-floor apartment has been recently renovated with modern finishes. The property includes a garage at the rear. It also has two separate gas and electric meters. Major upgrades have been completed within the last few years, including a new roof and gutters with warranty, along with updated concrete, porch, fencing, and water heater. The property offers flexibility, with the potential to create a third income-producing unit by finishing the basement.
Key Highlights
- Fully detached 2‑family home with an additional 3rd‑floor unit, delivered fully vacant, offering immediate rental income potential.
- Recently renovated first‑floor apartment with modern finishes, ready for immediate occupancy.**
- New roof and gutters with warranty, plus updated concrete, porch, fencing, and water heater.
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
$78,547
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
8.74%
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%
$1,570,940
$1.6M
Cap Rate 7%
$1,122,100
$1.1M
Cap Rate 9%
$872,744
$872.7K
Market Conditions
NOI Build-Up for 3,542 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
$148.8K $42.00/SF
− Vacancy
−$6.0K −$1.68/SF
EGI
$142.8K $40.32/SF
− OpEx
−$64.3K −$18.14/SF
NOI
$78.5K $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%
$1,570,940
Cap Rate 7%
$1,122,100
Cap Rate 9%
$872,744
Alternative Uses
Best Use
Multifamily LT 5
$1.26M
$1.10M – $1.47M
NOI $88,083 @ 7.0% cap · market cap 9.80%
Second Best
Apartment 5plus
$1.12M
$981.8K – $1.31M
NOI $78,547 @ 7.0% cap · market cap 8.74%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,304 @ 7.0% cap · market cap 13.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
837
Businesses Nearby
Explore this area
Business Placement
Demographics for 10307, NY
14,129
Population
5,390
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
90%
High-School Grad
1.6 sq mi
ZIP Area
8,831
Density / Sq Mi
$138,807
Median Household Income
$74,211
Median Earnings
$1,618
Median Rent
$799,100
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 - Fully vacant, renovated triplex with income potential in Staten Island.
Where is this triplex located?
The property is located at 7355 Amboy Road Staten Island, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Fully detached 2‑family home with an additional 3rd‑floor unit, delivered fully vacant, offering immediate rental income potential.; Recently renovated first‑floor apartment with modern finishes, ready for immediate occupancy.**; New roof and gutters with warranty, plus updated concrete, porch, fencing, and water heater.
