Four-Unit Multifamily
For Sale
$1,428,000
9 Saint Marks Place, Staten Island, NY 10301
Two-story configuration with four apartments, original woodwork, and a varied bedroom and bathroom mix.
Property Size5,390 SF
Lot Size0.20 Acres
Price / SF$264.94
Days on Market12
Property Features for 9 Saint Marks Place
General Information
Standard status
Active
Size
5,390 SF
Lot size
0.20 Acres
Property subtype
Multi Family
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA, 1 x 3BR/1BA, 1 x 4BR/2BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$14,400
Building Details
Building Size
5,390 SF
Year Built
1930
Listing Agency:
Momentum Real Estate LLC
(718) 382-0001
Listed By:
Meijuan (Minnie) Lin · License #MJL6058
(718) 382-0001
Source:
Penrealty
Added: Aug 20
Changed: Aug 30
Last Checked: Aug 30 at 11:35PM
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 Momentum Real Estate LLC
Investment Insights
Based on property information with market context.
This four-unit multifamily property contains 5,390 square feet across two floors. The first floor includes a one-bedroom, one-bath apartment and a separate two-bedroom, one-bath apartment. Upstairs are a three-bedroom, one-bath unit and a four-bedroom, two-bath unit. Interior features include 12-foot ceilings and original woodwork.
The property occupies an 8,772-square-foot lot at 9 Saint Marks Place in Staten Island, NY 10301. Built in 1930, it offers a substantial residential layout with four distinct units and a broad range of bedroom configurations.
The property occupies an 8,772-square-foot lot at 9 Saint Marks Place in Staten Island, NY 10301. Built in 1930, it offers a substantial residential layout with four distinct units and a broad range of bedroom configurations.
Key Highlights
- Four‑unit multifamily property with 5,390 square feet
- Unit mix includes 1-, 2-, 3-, and 4‑bedroom apartments
- First floor contains two separate apartments
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
$119,529
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
8.37%
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%
$2,390,580
$2.4M
Cap Rate 7%
$1,707,557
$1.7M
Cap Rate 9%
$1,328,100
$1.3M
Market Conditions
NOI Build-Up for 5,390 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
$226.4K $42.00/SF
− Vacancy
−$9.1K −$1.68/SF
EGI
$217.3K $40.32/SF
− OpEx
−$97.8K −$18.14/SF
NOI
$119.5K $22.18/SF
Area
Staten Island, NY
Vacancy
4.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
45.00%
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%
$2,390,580
Cap Rate 7%
$1,707,557
Cap Rate 9%
$1,328,100
Alternative Uses
Best Use
Multifamily LT 5
$1.91M
$1.68M – $2.23M
NOI $134,040 @ 7.0% cap · market cap 9.39%
Second Best
Apartment 5plus
$1.71M
$1.49M – $1.99M
NOI $119,529 @ 7.0% cap · market cap 8.37%
Theoretical Best
Office A
$2.57M
$2.25M – $3.00M
NOI $180,027 @ 7.0% cap · market cap 12.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,059
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Two-story configuration with four apartments, original woodwork, and a varied bedroom and bathroom mix.
Where is this quadplex located?
The property is located at 9 Saint Marks Place Staten Island, NY.
What is the asking price?
The asking price for this property is $1,428,000.
What are key features of this property?
This property features: Four‑unit multifamily property with 5,390 square feet; Unit mix includes 1-, 2-, 3-, and 4‑bedroom apartments; First floor contains two separate apartments
