Colonial Duplex
For Sale
$739,999
228 Westwood Avenue, Staten Island, NY 10314
SINGLE_FAMILY - Colonial - Staten Island, NY
Property Size1,217 SF
Lot Size0.05 Acres
Price / SF$608.05
Days on Market184
Property Features for 228 Westwood Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-1
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2
Parking features
Off Street, On Street
Patio and Porch features
Patio
Fencing
Fenced
Basement
Finished, Full
Appliances
Dishwasher, Dryer, Refrigerator, Washer
Lot features
Back Yard
Subdivision
Manor Heights
Standard status
Active
APN
00704-0029
Size
1,217 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
5702
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Building Details
Year built
1970
Floors in Building
2
Building materials
Vinyl Siding
Architectural style
Colonial
Listing Agency:
EXP Realty
(888) 276-0630
Listed By:
Alana Miller
(631) 926-7909
Added: Mar 10
Changed: Aug 3
Last Checked: Sep 9 at 9:06PM
MLS# 2601203
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.
This beautifully renovated, semi-attached Colonial duplex home offers three bedrooms and three updated bathrooms. The interior features freshly updated finishes, including crown mouldings, and a bright layout that connects the kitchen to the dining area. The kitchen includes brand-new appliances, and the home also includes a new water heater and furnace for added comfort.
Built in 1970 with vinyl siding, the home is heated with natural gas forced air and serviced by public sewer. Appliances include a dishwasher, dryer, refrigerator, and washer. Outside, enjoy a patio and a fenced area, with both off-street and on-street parking available.
Zoned R3-1, this Staten Island North Shore residence is positioned for everyday convenience, with access to bus and train stations for commuters.
Built in 1970 with vinyl siding, the home is heated with natural gas forced air and serviced by public sewer. Appliances include a dishwasher, dryer, refrigerator, and washer. Outside, enjoy a patio and a fenced area, with both off-street and on-street parking available.
Zoned R3-1, this Staten Island North Shore residence is positioned for everyday convenience, with access to bus and train stations for commuters.
Key Highlights
- Semi‑attached Colonial duplex with three bedrooms and three updated bathrooms
- Renovated interior with crown mouldings and newly updated kitchen with brand‑new appliances
- Natural gas forced air heat plus new water heater and furnace
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
$33,193
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
4.49%
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%
$663,860
$663.9K
Cap Rate 7%
$474,186
$474.2K
Cap Rate 9%
$368,811
$368.8K
Market Conditions
NOI Build-Up for 1,217 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
$49.7K $40.80/SF
− Vacancy
−$2.2K −$1.84/SF
EGI
$47.4K $38.96/SF
− OpEx
−$14.2K −$11.69/SF
NOI
$33.2K $27.27/SF
Area
ZIP 10314
Vacancy
4.50%
Lease Rate
$40.80 /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%
$663,860
Cap Rate 7%
$474,186
Cap Rate 9%
$368,811
Alternative Uses
Best Use
Multifamily LT 5
$474.2K
$414.9K – $553.2K
NOI $33,193 @ 7.0% cap · market cap 4.49%
Second Best
Apartment 5plus
$439.7K
$384.7K – $513.0K
NOI $30,779 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$580.7K
$508.1K – $677.5K
NOI $40,648 @ 7.0% cap · market cap 5.49%
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
1,159
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Semi-attached Colonial duplex in Richmond County zoned R3-1 with patio, fenced yard, and off-street parking.
Where is this duplex located?
The property is located at 228 Westwood Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $739,999.
What are key features of this property?
This property features: Semi‑attached Colonial duplex with three bedrooms and three updated bathrooms; Renovated interior with crown mouldings and newly updated kitchen with brand‑new appliances; Natural gas forced air heat plus new water heater and furnace
