Duplex on Oversized Corner
For Sale
$669,000
157 Harbor Road, Staten Island, NY 10303
MULTI_FAMILY - Staten Island, NY
Property Size2,000 SF
Lot Size0.11 Acres
Price / SF$334.50
Days on Market150
Property Features for 157 Harbor Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3-2
Bathrooms
4
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 4, Bathroom 2, Bathroom 1
Basement
Unfinished
Subdivision
Port Richmond
Standard status
Active
Size
2,000 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
4605
Building Details
Year built
1899
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Tile
Building materials
Wood Frame
Roof type
Shingle
Listing Agency:
Kirin Real Estate LLC
(929) 460-0008
Listed By:
Allen Z. Luo · License #10491214007
(929) 460-0008
Added: Mar 17
Changed: Aug 3
Last Checked: Aug 13 at 11:06AM
MLS# 499748
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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.
Duplex at 157 Harbor Road in Port Richmond, delivered vacant and needing renovation. The property is wood frame and features hardwood and tile flooring with a shingle roof. Built in 1899, it includes a full basement and an attic with two additional rooms and a half bath.
The home sits on an oversized corner lot measuring 35.42 ft x 136.92 ft, with front and rear yards and parking for up to six cars. Each floor offers six rooms, including four bedrooms, a living room, an eat-in kitchen, and a full bath.
Zoned R3-2, the property is configured for two-family occupancy with room-for-room layout on each level plus additional attic and basement space.
The home sits on an oversized corner lot measuring 35.42 ft x 136.92 ft, with front and rear yards and parking for up to six cars. Each floor offers six rooms, including four bedrooms, a living room, an eat-in kitchen, and a full bath.
Zoned R3-2, the property is configured for two-family occupancy with room-for-room layout on each level plus additional attic and basement space.
Key Highlights
- Vacant duplex delivered needing renovation
- Oversized corner lot measures 35.42 ft x 136.92 ft with front and rear yards
- Zoned R3‑2
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
$49,736
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
7.43%
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%
$994,720
$994.7K
Cap Rate 7%
$710,514
$710.5K
Cap Rate 9%
$552,622
$552.6K
Market Conditions
NOI Build-Up for 2,000 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
$74.4K $37.20/SF
− Vacancy
−$3.3K −$1.67/SF
EGI
$71.1K $35.53/SF
− OpEx
−$21.3K −$10.66/SF
NOI
$49.7K $24.87/SF
Area
Staten Island, NY
Vacancy
4.50%
Lease Rate
$37.20 /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%
$994,720
Cap Rate 7%
$710,514
Cap Rate 9%
$552,622
Alternative Uses
Best Use
Multifamily LT 5
$710.5K
$621.7K – $828.9K
NOI $49,736 @ 7.0% cap · market cap 7.43%
Second Best
Apartment 5plus
$633.6K
$554.4K – $739.2K
NOI $44,352 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$954.3K
$835.0K – $1.11M
NOI $66,800 @ 7.0% cap · market cap 9.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,193
Businesses Nearby
Explore this area
Business Placement
Demographics for 10303, NY
28,155
Population
9,580
Households
2.9
Avg Household Size
34
Median Age
30%
College-Educated
83%
High-School Grad
3.2 sq mi
ZIP Area
8,798
Density / Sq Mi
$79,429
Median Household Income
$49,072
Median Earnings
$1,520
Median Rent
$457,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex in R3-2 zoning on an oversized corner lot, delivered vacant and needing renovation, with parking for up to six cars.
Where is this duplex located?
The property is located at 157 Harbor Road Staten Island, NY.
What is the asking price?
The asking price for this property is $669,000.
What are key features of this property?
This property features: Vacant duplex delivered needing renovation; Oversized corner lot measures 35.42 ft x 136.92 ft with front and rear yards; Zoned R3‑2
