Duplex with Central
For Sale
$1,175,000
Pending
137 Laredo Avenue, Staten Island, NY 10312
MULTI_FAMILY - Staten Island, NY
Property Size2,326 SF
Lot Size0.09 Acres
Days on Market146
Property Features for 137 Laredo Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3A
Bedrooms
5
Bathrooms
4
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 2, Bedroom 1, Bathroom 4, Bathroom 1, Bathroom 3, Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 5
Parking features
Off Street, Garage
Interior features
Walk-In Closet(s)
Fencing
Fenced
Basement
Full, Finished
Lot features
Front Yard, Back Yard
Subdivision
Eltingville
Standard status
Pending
APN
5633-5
Size
2,326 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
3860
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Amenities
patio
BBQ grill
vegetable garden
laundry area
Building Details
Year built
1970
Floors in Building
2
Number of units
2
Building materials
Stone, Vinyl Siding
Listing Agency:
M&M Homes Inc.
(718) 966-2100
Listed By:
Kwang H Park
(718) 966-2100
Added: Apr 1
Changed: Aug 2
Last Checked: Aug 24 at 10:06PM
MLS# 2601676
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.
Welcome Home to 137 Laredo Avenue, a duplex-style property with central air and natural gas forced-air heating. The home features multiple bedrooms and baths across the main house and an additional two-bedroom apartment, along with an L-shaped living room/dining room combination and a bright eat-in kitchen. Interior amenities include a walk-in closet, a full attic, and a finished basement with a laundry area and ample storage.
Outside, you’ll find a fenced backyard with a patio, BBQ grill, and vegetable garden, ideal for everyday use and outdoor entertaining. A one-car garage plus off-street parking are available.
Set on a 0.0887-acre lot and constructed in 1970, the property is served by public sewer. Located in Arden Heights on Staten Island, it offers convenience to shopping, transportation (SIRR), parks, and the island’s beaches.
Outside, you’ll find a fenced backyard with a patio, BBQ grill, and vegetable garden, ideal for everyday use and outdoor entertaining. A one-car garage plus off-street parking are available.
Set on a 0.0887-acre lot and constructed in 1970, the property is served by public sewer. Located in Arden Heights on Staten Island, it offers convenience to shopping, transportation (SIRR), parks, and the island’s beaches.
Key Highlights
- Duplex with central air and natural gas forced‑air heating
- 0.0887‑acre lot with fenced backyard, patio, BBQ grill, and vegetable garden
- Total property size 2,326 SF
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
$57,477
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
4.89%
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%
$1,149,540
$1.1M
Cap Rate 7%
$821,100
$821.1K
Cap Rate 9%
$638,633
$638.6K
Market Conditions
NOI Build-Up for 2,326 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
$89.3K $38.40/SF
− Vacancy
−$7.2K −$3.10/SF
EGI
$82.1K $35.30/SF
− OpEx
−$24.6K −$10.59/SF
NOI
$57.5K $24.71/SF
Area
ZIP 10312
Vacancy
8.07%
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%
$1,149,540
Cap Rate 7%
$821,100
Cap Rate 9%
$638,633
Alternative Uses
Best Use
Multifamily LT 5
$821.1K
$718.5K – $958.0K
NOI $57,477 @ 7.0% cap · market cap 4.89%
Second Best
Apartment 5plus
$722.4K
$632.1K – $842.8K
NOI $50,568 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$1.11M
$971.1K – $1.29M
NOI $77,689 @ 7.0% cap · market cap 6.61%
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
1,046
Businesses Nearby
Explore this area
Business Placement
Demographics for 10312, NY
61,642
Population
22,547
Households
2.7
Avg Household Size
43
Median Age
41%
College-Educated
92%
High-School Grad
6.9 sq mi
ZIP Area
8,934
Density / Sq Mi
$111,434
Median Household Income
$62,700
Median Earnings
$1,911
Median Rent
$698,900
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 - Duplex on a fenced lot with central air, natural gas forced-air heat, off-street parking, and a one-car garage.
Where is this duplex located?
The property is located at 137 Laredo Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Duplex with central air and natural gas forced‑air heating; 0.0887‑acre lot with fenced backyard, patio, BBQ grill, and vegetable garden; Total property size 2,326 SF
