Detached Duplex with
For Sale
$1,180,000
270 Greeley Avenue, Staten Island, NY 10306
Residential, Staten Island, NY
Property Size1,350 SF
Lot Size0.11 Acres
Price / SF$874.07
Days on Market141
Property Features for 270 Greeley Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3X
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 7, Bathroom 3, Bathroom 8, Bathroom 6, Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 5
Parking features
Carport
Interior features
A/C Unit
Basement
Finished
Subdivision
Grant City
Standard status
Active
Size
1,350 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
6203
Building Details
Number of units
2
Flooring type
Hardwood
Building materials
Wood Frame
Roof type
Shingle
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Dao Bo (Paul) Lin · License #DL5775
(917) 816-2989
Added: Apr 29
Changed: Sep 12
Last Checked: Sep 16 at 3:06AM
MLS# 500998
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 detached duplex at 270 Greeley Avenue provides 1,350 square feet of residential space on a 0.1065-acre lot. The property features a wood-frame structure, shingle roof, hardwood flooring, an A/C unit, and carport parking. R3X zoning is in place.
The property is located in Staten Island, NY 10306, with supermarkets and restaurants nearby. Multiple public transportation options are also located a short distance away, adding practical connectivity for residents.
The property is located in Staten Island, NY 10306, with supermarkets and restaurants nearby. Multiple public transportation options are also located a short distance away, adding practical connectivity for residents.
Key Highlights
- Detached two‑family property with 1,350 square feet of residential space
- 0.1065‑acre lot in Staten Island, NY 10306
- R3X zoning
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
$34,292
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
2.91%
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%
$685,840
$685.8K
Cap Rate 7%
$489,886
$489.9K
Cap Rate 9%
$381,022
$381.0K
Market Conditions
NOI Build-Up for 1,350 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
$51.8K $38.40/SF
− Vacancy
−$2.9K −$2.11/SF
EGI
$49.0K $36.29/SF
− OpEx
−$14.7K −$10.89/SF
NOI
$34.3K $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%
$685,840
Cap Rate 7%
$489,886
Cap Rate 9%
$381,022
Alternative Uses
Best Use
Multifamily LT 5
$489.9K
$428.7K – $571.5K
NOI $34,292 @ 7.0% cap · market cap 2.91%
Second Best
Apartment 5plus
$435.3K
$380.9K – $507.9K
NOI $30,472 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$644.1K
$563.6K – $751.5K
NOI $45,090 @ 7.0% cap · market cap 3.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,774
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
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-family property with hardwood floors, an A/C unit, and carport parking.
Where is this duplex located?
The property is located at 270 Greeley Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,180,000.
What are key features of this property?
This property features: Detached two‑family property with 1,350 square feet of residential space; 0.1065‑acre lot in Staten Island, NY 10306; R3X zoning
