New Construction Multifamily
86 Sprague Avenue Staten Island, NY 10307
For Sale
$1,599,999
Detached 6-over-6 multifamily offering hardwood floors, high-end kitchens with quartz counters, and in-unit washer/dryer hookups.
Property Size3,800 SF
Price / SF$421.05
Days on Market172
Property Features for 86 Sprague Avenue
General Information
- Standard status
- Active
- Size
- 3,800 SF
- Property subtype
- MultiFamily
Building Details
- Year Built
- 2026
Listing Agency:
DiTommaso Real Estate
(347) 861-4695
Listed By:
Dianne E Lopardo · License #10401205678
(347) 861-4695
Source:
Compass
Added: Feb 4
Changed: Jul 20
Last Checked: Jul 21 at 6:35AM
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.
Sprague Avenue Estates presents a newly constructed detached multifamily building with a 6-over-6 layout. The homes are described as 6-bedroom, 6-bath residences featuring high-end kitchens with quartz counters, hardwood flooring, and Anderson windows. The first-floor homes include 9-foot ceilings, while the second-floor living room offers vaulted ceilings. Each primary bedroom includes a private 3/4 bath and a walk-in closet.
Additional interior features include a tremendous finished basement with two separate entries and two bathrooms. Washer and dryer hookups are provided on every floor. The public remarks indicate construction is limited to only two homes being built, with proximity to schools, restaurants, shopping, and transportation.
The property is offered for sale at 86 Sprague Avenue, Staten Island, NY 10307.
Additional interior features include a tremendous finished basement with two separate entries and two bathrooms. Washer and dryer hookups are provided on every floor. The public remarks indicate construction is limited to only two homes being built, with proximity to schools, restaurants, shopping, and transportation.
The property is offered for sale at 86 Sprague Avenue, Staten Island, NY 10307.
Key Highlights
- Detached 6‑over‑6 multifamily new construction with 6 bedrooms and 6 full baths
- High‑end kitchens with quartz counters and eat‑in kitchen layout
- Hardwood flooring, Anderson windows, and central air
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $159.6k | $42.00 |
| − Vacancy | −$6.4k | −$1.68 |
| EGI | $153.2k | $40.32 |
| − OpEx | −$68.9k | −$18.14 |
| NOI | $84.3k | $22.18 |
3,800 SF · lease $42.00/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $84,269 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.81M
$1.59M – $2.12M
NOI $126,921 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Detached 6-over-6 multifamily offering hardwood floors, high-end kitchens with quartz counters, and in-unit washer/dryer hookups.
Where is this apartment building located?
The property is located at 86 Sprague Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,599,999.
What are key features of this property?
This property features: Detached 6‑over‑6 multifamily new construction with 6 bedrooms and 6 full baths; High‑end kitchens with quartz counters and eat‑in kitchen layout; Hardwood flooring, Anderson windows, and central air
