Colonial Two-Unit
For Sale
$698,000
256 Westervelt Avenue, Staten Island, NY 10301
Residential, Colonial, Staten Island, NY
Property Size1,628 SF
Lot Size0.06 Acres
Price / SF$428.75
Days on Market168
Property Features for 256 Westervelt Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3A
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 2
Basement
Finished
Subdivision
St. George
Standard status
Active
Size
1,628 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
4917
Amenities
finished basement
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Hardwood
Building materials
Wood Frame
Architectural style
Colonial
Listing Agency:
Momentum Real Estate LLC
Listed By:
Meijuan (Minnie) Lin · License #MJL6058
(718) 382-0001
Added: Mar 28
Changed: Sep 5
Last Checked: Sep 11 at 9:06AM
MLS# 500051
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.
This 1,628-square-foot duplex is configured as a two-family home with a two-bedroom, one-bathroom residence on each of its two primary floors. The upper unit includes access to attic space, while the property also provides a fully finished basement. Wood-frame construction, hardwood flooring, and a Colonial architectural style reflect the home's established character. Built in 1920, the property occupies 0.0585 acres and carries R3A zoning.
Front parking accommodates up to 2 cars. The property is located in Staten Island near the Staten Island Ferry, Empire Outlets, and a variety of restaurants, with ferry access supporting travel toward Manhattan.
Front parking accommodates up to 2 cars. The property is located in Staten Island near the Staten Island Ferry, Empire Outlets, and a variety of restaurants, with ferry access supporting travel toward Manhattan.
Key Highlights
- Two‑family duplex with 2 bedrooms and 1 full bathroom in each primary‑floor unit
- 1,628 square feet on a 0.0585‑acre lot
- Finished basement plus attic access from the second‑floor unit
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
$40,485
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
5.80%
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%
$809,700
$809.7K
Cap Rate 7%
$578,357
$578.4K
Cap Rate 9%
$449,833
$449.8K
Market Conditions
NOI Build-Up for 1,628 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
$60.6K $37.20/SF
− Vacancy
−$2.7K −$1.67/SF
EGI
$57.8K $35.53/SF
− OpEx
−$17.4K −$10.66/SF
NOI
$40.5K $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%
$809,700
Cap Rate 7%
$578,357
Cap Rate 9%
$449,833
Alternative Uses
Best Use
Multifamily LT 5
$578.4K
$506.1K – $674.8K
NOI $40,485 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$515.8K
$451.3K – $601.7K
NOI $36,103 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$776.8K
$679.7K – $906.3K
NOI $54,376 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,673
Businesses Nearby
Explore this area
Business Placement
Demographics for 10301, NY
41,474
Population
16,631
Households
2.5
Avg Household Size
40
Median Age
38%
College-Educated
88%
High-School Grad
3.8 sq mi
ZIP Area
10,914
Density / Sq Mi
$84,937
Median Household Income
$50,140
Median Earnings
$1,697
Median Rent
$657,000
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 - Two residential units offer matching two-bedroom layouts, a finished basement, and front parking for up to two cars.
Where is this duplex located?
The property is located at 256 Westervelt Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $698,000.
What are key features of this property?
This property features: Two‑family duplex with 2 bedrooms and 1 full bathroom in each primary‑floor unit; 1,628 square feet on a 0.0585‑acre lot; Finished basement plus attic access from the second‑floor unit
