Waterfront Colonial Homes Development
5 11 17 Osprey Ct Staten Island, NY 10308
For Sale
Contact for pricing
Three custom homes under construction, ready Fall 2022.
Property Size4,800 SF
Price / SF$520.83
Days on Market1467
Property Features for 5 11 17 Osprey Ct
General Information
- Standard status
- Active
- Size
- 4,800 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2022
Listing Agency:
RJM Realty Empire
Listed By:
Melsa Skrapalliu · License #NY
Source:
Crexi
Added: Jul 21, 2022
Changed: Jul 6
Last Checked: Jul 26 at 11:04AM
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.
A private waterfront development is offering three custom colonial homes, slated for completion within the year. Each home, with a starting price of $2.5 million, is uniquely designed and built on pilings, featuring three stories with elevators providing access to the rooftops. The design aims to maximize waterfront exposure from every angle of the structure. Each floor plan offers approximately 4,800 square feet across all three levels, with 9-foot ceilings throughout. The properties, identified as Lots 210, 173, and 250, are part of an association with water access and the potential for dock permits. The layout includes a 2-car garage, a 17x35 open space, and front and back foyers on the first level, along with an elevator. The second level features a large living room, kitchen, dining room, a half bath, laundry room, mechanical room, elevator, and a large covered terrace. The third level offers three bedroom suites or an option for a fourth bedroom. The rooftop includes a playroom, a half bath, and balconies with water views.
Key Highlights
- New construction waterfront property ready for occupancy this year (Fall 2022).
- Custom colonial home with elevator access to a rooftop terrace offering breathtaking water views.
- Approximately 4,800 sqft of living space across three levels with 9 ft ceilings.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $201.6k | $42.00 |
| − Vacancy | −$8.1k | −$1.68 |
| EGI | $193.5k | $40.32 |
| − OpEx | −$87.1k | −$18.14 |
| NOI | $106.4k | $22.18 |
4,800 SF · lease $42.00/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.52M
$1.33M – $1.77M
NOI $106,445 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.29M
$2.00M – $2.67M
NOI $160,321 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
FAQs
What type of property is this?
Multifamily property - Three custom homes under construction, ready Fall 2022.
Where is this multifamily property located?
The property is located at 5 11 17 Osprey Ct Staten Island, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: New construction waterfront property ready for occupancy this year (Fall 2022).; Custom colonial home with elevator access to a rooftop terrace offering breathtaking water views.; Approximately 4,800 sqft of living space across three levels with 9 ft ceilings.
