Three-Unit Triplex
For Sale
$1,498,000
Pending
83 Montgomery Ave, Staten Island, NY 10301
2019-built multifamily property with separate utility systems serving a three-apartment configuration.
Property Size4,125 SF
Days on Market176
Property Features for 83 Montgomery Ave
General Information
Standard status
Pending
Size
4,125 SF
Property subtype
Multi-Family
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR, 1 x 2BR
Multifamily Units
3
Building Details
Year Built
2019
Buildings
1
Listing Agency:
American Homes Group
(732) 289-3900
Listed By:
Maurice Molcho · License #10301216355
Source:
Statenislandhomelistings
Added: Mar 7
Changed: Aug 29
Last Checked: Aug 29 at 6:35PM
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 American Homes Group
Investment Insights
Based on property information with market context.
Built in 2019, this 4,125-square-foot triplex contains three residential apartments: two with three bedrooms and one with two bedrooms. The property is configured for multifamily occupancy, with each unit separately metered for electricity. Individual gas heating and hot water systems further distinguish the apartments and support independent utility management.
The property is located at 83 Montgomery Ave in Staten Island’s St. George neighborhood, near the Staten Island Ferry terminal. Downtown restaurants, cafés, and waterfront attractions are also located nearby, adding established neighborhood amenities and ferry access to the property’s setting.
The property is located at 83 Montgomery Ave in Staten Island’s St. George neighborhood, near the Staten Island Ferry terminal. Downtown restaurants, cafés, and waterfront attractions are also located nearby, adding established neighborhood amenities and ferry access to the property’s setting.
Key Highlights
- Three residential units: two 3‑bedroom apartments and one 2‑bedroom apartment
- 4,125 SF triplex built in 2019
- Each apartment has separately metered electric service
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
$102,581
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
6.85%
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%
$2,051,620
$2.1M
Cap Rate 7%
$1,465,443
$1.5M
Cap Rate 9%
$1,139,789
$1.1M
Market Conditions
NOI Build-Up for 4,125 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
$153.5K $37.20/SF
− Vacancy
−$6.9K −$1.67/SF
EGI
$146.5K $35.53/SF
− OpEx
−$44.0K −$10.66/SF
NOI
$102.6K $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%
$2,051,620
Cap Rate 7%
$1,465,443
Cap Rate 9%
$1,139,789
Alternative Uses
Best Use
Multifamily LT 5
$1.47M
$1.28M – $1.71M
NOI $102,581 @ 7.0% cap · market cap 6.85%
Second Best
Apartment 5plus
$1.31M
$1.14M – $1.52M
NOI $91,476 @ 7.0% cap · market cap 6.11%
Theoretical Best
Office A
$1.97M
$1.72M – $2.30M
NOI $137,776 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - 2019-built multifamily property with separate utility systems serving a three-apartment configuration.
Where is this triplex located?
The property is located at 83 Montgomery Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $1,498,000.
What are key features of this property?
This property features: Three residential units: two 3‑bedroom apartments and one 2‑bedroom apartment; 4,125 SF triplex built in 2019; Each apartment has separately metered electric service
