Modernized Unit with Loft
For Sale
Contact for pricing
84A Lamped Loop, Staten Island, NY 10314
Move-in ready unit featuring LG appliances, new roof and AC.
Property Size1,649 SF
Price / SF$318.37
Days on Market758
Property Features for 84A Lamped Loop
General Information
Standard status
Active
Size
1,649 SF
Property subtype
Multifamily
Listing Agency:
RJM Realty Empire
Listed By:
Melsa Skrapalliu · License #NY
Source:
Crexi
Added: Aug 14, 2024
Changed: Aug 13
Last Checked: Sep 10 at 7:48AM
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 RJM Realty Empire
Investment Insights
Based on property information with market context.
This modernized unit features LG appliances, a new roof, and newer air conditioning units. The interior includes hardwood and laminated floors. Level 1 provides an entrance. Level 2 features a foyer, a living room/dining room area, an eat-in kitchen with stainless steel appliances, a laundry area, a half bath, and a utilities room with storage space. Level 3 includes a master bedroom with a walk-in closet and en-suite full bath, as well as a second bedroom with a closet. Level 4 offers a loft area that can be used as an additional bedroom, work out room, or office, and includes a separate storage area. The property size is 1649 square feet. This unit is in move-in ready condition.
Key Highlights
- Move‑in ready condition
- Large loft area adaptable as bedroom, workout room, or office
- Master bedroom with walk‑in closet and en‑suite full bath
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
$41,705
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
7.94%
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%
$834,100
$834.1K
Cap Rate 7%
$595,786
$595.8K
Cap Rate 9%
$463,389
$463.4K
Market Conditions
NOI Build-Up for 1,649 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
$79.2K $48.00/SF
− Vacancy
−$3.3K −$2.02/SF
EGI
$75.8K $45.98/SF
− OpEx
−$34.1K −$20.69/SF
NOI
$41.7K $25.29/SF
Area
ZIP 10314
Vacancy
4.20%
Lease Rate
$48.00 /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%
$834,100
Cap Rate 7%
$595,786
Cap Rate 9%
$463,389
Alternative Uses
Best Use
Apartment 5plus
$595.8K
$521.3K – $695.1K
NOI $41,705 @ 7.0% cap · market cap 7.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$786.8K
$688.5K – $918.0K
NOI $55,077 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,244
Businesses Nearby
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Business Placement
Demographics for 10314, NY
92,157
Population
33,554
Households
2.7
Avg Household Size
41
Median Age
37%
College-Educated
89%
High-School Grad
13.0 sq mi
ZIP Area
7,089
Density / Sq Mi
$104,655
Median Household Income
$58,769
Median Earnings
$1,726
Median Rent
$665,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Move-in ready unit featuring LG appliances, new roof and AC.
Where is this residential income property located?
The property is located at 84A Lamped Loop Staten Island, NY.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Move‑in ready condition; Large loft area adaptable as bedroom, workout room, or office; Master bedroom with walk‑in closet and en‑suite full bath
