Two-Family Duplex on Corner
For Sale
$1,325,000
123 Hooper Avenue, Staten Island, NY 10306
MULTI_FAMILY - Staten Island, NY
Property Size2,522 SF
Lot Size0.12 Acres
Price / SF$525.38
Days on Market55
Property Features for 123 Hooper Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3X
Bedrooms
6
Bathrooms
5
Full bathrooms
2
Rooms
Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 6, Bathroom 1, Bathroom 5, Bedroom 4, Bedroom 5, Bathroom 4
Parking features
Driveway
Patio and Porch features
Patio
Interior features
Ceiling Fan(s)
Fencing
Fenced
Basement
Full, Finished
Appliances
Humidifier
Lot features
Back Yard
Subdivision
Bay Terrace
Standard status
Active
Size
2,522 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
9124
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Building Details
Year built
1960
Floors in Building
3
Number of units
2
Building materials
Brick, Vinyl Siding
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Maria T Albanesi-Cortese · License #30AL0899365
(718) 987-7900
Added: Jul 1
Changed: Aug 13
Last Checked: Aug 24 at 8:06AM
MLS# 2603707
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.
123 Hooper Avenue is a detached two-family duplex featuring a 6/6 layout with two generously sized units, each offering three bedrooms and two full bathrooms. The first-floor unit includes direct access to a fully finished basement with a summer kitchen, two additional rooms, and a separate backyard entrance for added flexibility. The home was rebuilt in 2022 and includes ceiling fan(s) and central air conditioning.
The property sits on a corner lot with a spacious private yard and a detached garage. Outdoor amenities include a patio, and the yard is fenced. Parking is available via a driveway, and the home is served by public sewer with natural gas forced-air heating.
Zoned R3X, this is a versatile multi-family setup suitable for an owner-occupant looking to live in one unit while renting the other, or for a buyer seeking income from both units.
The property sits on a corner lot with a spacious private yard and a detached garage. Outdoor amenities include a patio, and the yard is fenced. Parking is available via a driveway, and the home is served by public sewer with natural gas forced-air heating.
Zoned R3X, this is a versatile multi-family setup suitable for an owner-occupant looking to live in one unit while renting the other, or for a buyer seeking income from both units.
Key Highlights
- Detached two‑family duplex with two 3‑bedroom, two full‑bath units
- Rebuilt in 2022; 1960 original year built
- 6/6 multi‑family layout with fully finished basement and summer kitchen
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
$64,063
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
4.83%
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%
$1,281,260
$1.3M
Cap Rate 7%
$915,186
$915.2K
Cap Rate 9%
$711,811
$711.8K
Market Conditions
NOI Build-Up for 2,522 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
$96.8K $38.40/SF
− Vacancy
−$5.3K −$2.11/SF
EGI
$91.5K $36.29/SF
− OpEx
−$27.5K −$10.89/SF
NOI
$64.1K $25.40/SF
Area
ZIP 10306
Vacancy
5.50%
Lease Rate
$38.40 /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%
$1,281,260
Cap Rate 7%
$915,186
Cap Rate 9%
$711,811
Alternative Uses
Best Use
Multifamily LT 5
$915.2K
$800.8K – $1.07M
NOI $64,063 @ 7.0% cap · market cap 4.83%
Second Best
Apartment 5plus
$813.2K
$711.6K – $948.8K
NOI $56,927 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,235 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
513
Businesses Nearby
Explore this area
Business Placement
Demographics for 10306, NY
57,919
Population
21,299
Households
2.7
Avg Household Size
43
Median Age
34%
College-Educated
88%
High-School Grad
7.2 sq mi
ZIP Area
8,044
Density / Sq Mi
$97,746
Median Household Income
$54,052
Median Earnings
$1,743
Median Rent
$675,400
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?
Duplex - Detached two-family duplex rebuilt in 2022 on a corner lot, zoned R3X, with two 3-bedroom units and private outdoor space.
Where is this duplex located?
The property is located at 123 Hooper Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Detached two‑family duplex with two 3‑bedroom, two full‑bath units; Rebuilt in 2022; 1960 original year built; 6/6 multi‑family layout with fully finished basement and summer kitchen
