Newer-Construction
88 Layton Ave., Staten Island, NY 10301
For Sale
$1,150,000
Residential Income, Staten Island, NY
Property Size2,793 SF
Lot Size0.04 Acres
Price / SF$411.74
Days on Market55
Property Features for 88 Layton Ave.
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Water source
Building Details
Year built
Floors in Building
Building materials
Listing Agency:
RED DOOR REALTY GROUP
(718) 987-3667
Listed By:
Daniel Fausak
Added: Sep 22
Changed: Oct 27
Last Checked: Nov 15 at 6:06AM
MLS# 11995977
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 2020, this 2,793-square-foot triplex contains three two-bedroom apartments, including one currently vacant unit. The property sits on a 0.0436-acre lot and uses vinyl siding, forced-air heating, natural gas, and public water. Tenants are responsible for their own utilities.
Located at 88 Layton Ave. in Staten Island, the property is approximately 1 mile from the Staten Island Ferry and Empire Outlets. Its three-apartment layout, newer construction, and available vacancy create a straightforward multifamily configuration for an owner or investor. The property includes three bathrooms and six bedrooms overall.
Located at 88 Layton Ave. in Staten Island, the property is approximately 1 mile from the Staten Island Ferry and Empire Outlets. Its three-apartment layout, newer construction, and available vacancy create a straightforward multifamily configuration for an owner or investor. The property includes three bathrooms and six bedrooms overall.
Key Highlights
- Built in 2020 with 2,793 square feet of property size
- Three 2‑bedroom apartments in a triplex configuration
- One apartment is currently 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.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,556
Businesses Nearby
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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
$657,000
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Staten Island, NY
Properties on Market for Triplexes in Staten Island
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three two-bedroom apartments provide a defined multifamily configuration with tenant-paid utilities.
Where is this triplex located?
The property is located at 88 Layton Ave. 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: Built in 2020 with 2,793 square feet of property size; Three 2‑bedroom apartments in a triplex configuration; One apartment is currently vacant
