Multifamily
For Sale
$499,000
Pending
82 E Macon Ave, Staten Island, NY 10308
Cash offers only; the short sale is subject to bank approval, with drive-by viewing only.
Property Size1,190 SF
Days on Market40
Property Features for 82 E Macon Ave
General Information
Standard status
Pending
Size
1,190 SF
Property subtype
Multi-Family
Building Details
Year Built
1970
Listing Agency:
Revolution Realty Group
Listed By:
Salvatore Taormina · License #10301210276
(718) 938-0662
Source:
Statenislandhomelistings
Added: Sep 11
Changed: Oct 2
Last Checked: Oct 19 at 7:15AM
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 Revolution Realty Group
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Investment Insights
Based on property information with market context.
This multifamily property was built in 1970. The sale is structured as a short sale subject to bank approval, and only cash offers are being considered.
Viewing is limited to a drive-by. The property is located at 82 E Macon Ave in Staten Island, New York 10308.
Viewing is limited to a drive-by. The property is located at 82 E Macon Ave in Staten Island, New York 10308.
Key Highlights
- Multifamily property built in 1970
- Short sale requires bank approval
- Cash offers only
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,389
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$527,780
$527.8K
Cap Rate 7%
$376,986
$377.0K
Cap Rate 9%
$293,211
$293.2K
Market Conditions
NOI Build-Up for 1,190 SF
Gross rent
$50.0K $42.00/SF
− Vacancy
−$2.0K −$1.68/SF
EGI
$48.0K $40.32/SF
− OpEx
−$21.6K −$18.14/SF
NOI
$26.4K $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%
$527,780
Cap Rate 7%
$376,986
Cap Rate 9%
$293,211
Alternative Uses
Best Use
Apartment 5plus
$377.0K
$329.9K – $439.8K
NOI $26,389 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$567.8K
$496.8K – $662.4K
NOI $39,746 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
611
Businesses Nearby
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Business Placement
Demographics for 10308, NY
28,198
Population
11,093
Households
2.5
Avg Household Size
44
Median Age
40%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
12,817
Density / Sq Mi
$122,654
Median Household Income
$67,149
Median Earnings
$1,729
Median Rent
$648,800
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
Frequently Asked Questions
What type of property is this?
Multifamily property - Cash offers only; the short sale is subject to bank approval, with drive-by viewing only.
Where is this multifamily property located?
The property is located at 82 E Macon Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Multifamily property built in 1970; Short sale requires bank approval; Cash offers only
