Three-Unit Apartment
For Sale
$1,150,000
88 Layton Avenue, Staten Island, NY 10301
Three two-bedroom residences offer a compact rental configuration, with tenants paying their own utilities.
Property Size2,793 SF
Price / SF$411.74
Days on Market37
Property Features for 88 Layton Avenue
General Information
Standard status
Active
Size
2,793 SF
Property subtype
Residential Income
Zoning
R5
Units
Unit Mix
3 x 2BR
Multifamily Units
3
Additional Details
Public Transit
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$9,800
Building Details
Building Size
2,793 SF
Year Built
2020
Stories
3
Units
3
Listing Agency:
Red Door Realty Group
(718) 987-3667
Listed By:
Luljete Hakaj · License #10401303604
(917) 588-3535
Source:
Connieprofaci
Added: Sep 21
Changed: Oct 25
Last Checked: Oct 26 at 3:40AM
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 Red Door Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2020, this 2,793-square-foot triplex contains three apartments, each with two bedrooms. One unit is vacant, and tenants pay their own utilities. The property is zoned R5.
The building is approximately 1 mile from the Staten Island Ferry and Empire Outlets.
The building is approximately 1 mile from the Staten Island Ferry and Empire Outlets.
Key Highlights
- Three apartments, each with 2 bedrooms
- 2,793 square feet; built in 2020
- One apartment is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,457
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,389,140
$1.4M
Cap Rate 7%
$992,243
$992.2K
Cap Rate 9%
$771,744
$771.7K
Market Conditions
NOI Build-Up for 2,793 SF
Gross rent
$103.9K $37.20/SF
− Vacancy
−$4.7K −$1.67/SF
EGI
$99.2K $35.53/SF
− OpEx
−$29.8K −$10.66/SF
NOI
$69.5K $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 Rate 5%
$1,389,140
Cap Rate 7%
$992,243
Cap Rate 9%
$771,744
Alternative Uses
Best Use
Multifamily LT 5
$992.2K
$868.2K – $1.16M
NOI $69,457 @ 7.0% cap · market cap 6.04%
Second Best
Apartment 5plus
$884.8K
$774.2K – $1.03M
NOI $61,938 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$1.33M
$1.17M – $1.55M
NOI $93,287 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,556
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three two-bedroom residences offer a compact rental configuration, with tenants paying their own utilities.
Where is this triplex located?
The property is located at 88 Layton Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Three apartments, each with 2 bedrooms; 2,793 square feet; built in 2020; One apartment is vacant
