Contemporary
New
For Sale
$1,150,000
88 Layton Avenue, Staten Island, NY 10301
Residential Income, Staten Island, NY
Property Size2,793 SF
Lot Size0.04 Acres
Price / SF$411.74
Days on Market1
Property Features for 88 Layton Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R5
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 3, Bedroom 6, Bathroom 2, Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 4, Bedroom 2
Parking features
Off Street
Lot features
Back Yard
Subdivision
St. George
Standard status
Active
APN
50046-0012
Size
2,793 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
9800
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Building Details
Year built
2020
Floors in Building
3
Number of units
3
Building materials
Vinyl Siding
Architectural style
Contemporary
Listing Agency:
Red Door Realty Group
(718) 987-3667
Listed By:
Luljete Hakaj · License #10401303604
(917) 588-3535
Added: Sep 21
Last Checked: Sep 21 at 7:06PM
MLS# 2605323
Copyright © 2026 Staten Island Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This contemporary triplex contains 2,793 square feet and was built in 2020. The property includes three two-bedroom apartments, with one unit currently vacant. Vinyl siding, forced-air heating powered by natural gas, public sewer service, and off-street parking are among the documented improvements. The property is zoned R5, and tenants pay their own utilities.
Located at 88 Layton Avenue in Staten Island, the property is approximately 1 mile from the Staten Island Ferry and Empire Outlets. A full rent roll and financial information are available upon request.
Located at 88 Layton Avenue in Staten Island, the property is approximately 1 mile from the Staten Island Ferry and Empire Outlets. A full rent roll and financial information are available upon request.
Key Highlights
- Three two‑bedroom apartments in a triplex configuration
- Built in 2020 with 2,793 square feet
- One unit is currently vacant
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
$69,457
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
6.04%
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%
$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
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
$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 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%
$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.
Property Analytics
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Open Analytics
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Newer-construction multifamily property with three two-bedroom apartments and off-street parking.
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 two‑bedroom apartments in a triplex configuration; Built in 2020 with 2,793 square feet; One unit is currently vacant
