Three-Family Residential Income
For Sale
$859,000
Pending
74 Montgomery Ave, Staten Island, NY 10301
Well-maintained three-unit building with finished basement and utility responsibility paid by tenants.
Property Size1,968 SF
Days on Market102
Property Features for 74 Montgomery Ave
General Information
Standard status
Pending
Size
1,968 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$4,309
Building Details
Building Size
1,968 SF
Year Built
1930
Stories
3
Listing Agency:
Momentum Real Estate LLC
Listed By:
Meijuan (Minnie) Lin · License #MJL6058
(718) 382-0001
Source:
Elliman
Added: Jun 1
Changed: Aug 16
Last Checked: Sep 9 at 8:08AM
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 Momentum Real Estate LLC
Investment Insights
Based on property information with market context.
This for-sale three-family residential income property includes three separate units, each with 1 bedroom and 1 full bathroom. The units are laid out with a living/dining area and kitchen, and the building also features a fully finished basement. The property is described as well maintained.
The address is 74 Montgomery Ave in Staten Island, NY 10301. Public remarks note the home is just minutes from the Staten Island Ferry and within reach of shopping, restaurants, schools, parks, and public transportation.
For owner-occupants or investors seeking a straightforward multifamily setup, the building’s three-unit configuration and consistent in-unit layouts can support efficient leasing and day-to-day management. Tenant-paid utilities may also simplify operating expenses compared with properties where the owner covers utilities.
The address is 74 Montgomery Ave in Staten Island, NY 10301. Public remarks note the home is just minutes from the Staten Island Ferry and within reach of shopping, restaurants, schools, parks, and public transportation.
For owner-occupants or investors seeking a straightforward multifamily setup, the building’s three-unit configuration and consistent in-unit layouts can support efficient leasing and day-to-day management. Tenant-paid utilities may also simplify operating expenses compared with properties where the owner covers utilities.
Key Highlights
- Well‑maintained 3‑family building built in 1930 with a fully finished basement
- Each unit features 1 bedroom, 1 full bathroom, a living/dining area, and a kitchen
- Tenants pay all utilities
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
$48,941
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
5.70%
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%
$978,820
$978.8K
Cap Rate 7%
$699,157
$699.2K
Cap Rate 9%
$543,789
$543.8K
Market Conditions
NOI Build-Up for 1,968 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
$73.2K $37.20/SF
− Vacancy
−$3.3K −$1.67/SF
EGI
$69.9K $35.53/SF
− OpEx
−$21.0K −$10.66/SF
NOI
$48.9K $24.87/SF
Area
Staten Island, NY
Vacancy
4.50%
Lease Rate
$37.20 /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%
$978,820
Cap Rate 7%
$699,157
Cap Rate 9%
$543,789
Alternative Uses
Best Use
Multifamily LT 5
$699.2K
$611.8K – $815.7K
NOI $48,941 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$623.5K
$545.5K – $727.4K
NOI $43,642 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$939.0K
$821.7K – $1.10M
NOI $65,732 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,664
Businesses Nearby
Explore this area
Business Placement
Demographics for 10301, NY
41,474
Population
16,631
Households
2.5
Avg Household Size
40
Median Age
38%
College-Educated
88%
High-School Grad
3.8 sq mi
ZIP Area
10,914
Density / Sq Mi
$84,937
Median Household Income
$50,140
Median Earnings
$1,697
Median Rent
$657,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained three-unit building with finished basement and utility responsibility paid by tenants.
Where is this triplex located?
The property is located at 74 Montgomery Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $859,000.
What are key features of this property?
This property features: Well‑maintained 3‑family building built in 1930 with a fully finished basement; Each unit features 1 bedroom, 1 full bathroom, a living/dining area, and a kitchen; Tenants pay all utilities
