Detached Two-Family
For Sale
$1,125,000
Pending
283 Rensselaer Avenue, Staten Island, NY 10312
Residential Income, Staten Island, NY
Property Size2,250 SF
Lot Size0.09 Acres
Days on Market100
Property Features for 283 Rensselaer Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3X
Bedrooms
5
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 3, Bathroom 4, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 4
Parking features
Driveway, Garage
Patio and Porch features
Deck
Basement
Apartment
Lot features
Back Yard
Subdivision
Huguenot
Standard status
Pending
Size
2,250 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
11741
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Building Details
Year built
2000
Floors in Building
3
Number of units
2
Building materials
Brick
Architectural style
Colonial
Listing Agency:
Hometime Estates LLC
(718) 524-0400
Listed By:
Lee Goldstein
(718) 614-3115
Added: Jun 24
Changed: Sep 13
Last Checked: Oct 1 at 8:06PM
MLS# 2603567
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.
Built in 2000, this detached brick duplex provides 2,250 square feet of residential space in a Colonial-style configuration. The primary residence offers four bedrooms, two and a half bathrooms, an open layout, and generously proportioned rooms. A separate one-bedroom apartment has its own entrance, creating a distinct second living area within the property.
The 0.0918-acre parcel includes a private driveway, built-in two-car garage, and deck. The home is served by public sewer, natural-gas forced-air heat, and central air conditioning. Located at 283 Rensselaer Avenue in Staten Island, the property is near shopping, restaurants, parks, schools, and transportation. Zoning is R3X.
The 0.0918-acre parcel includes a private driveway, built-in two-car garage, and deck. The home is served by public sewer, natural-gas forced-air heat, and central air conditioning. Located at 283 Rensselaer Avenue in Staten Island, the property is near shopping, restaurants, parks, schools, and transportation. Zoning is R3X.
Key Highlights
- Detached two‑family property with 2,250 square feet of space
- Primary residence includes 4 bedrooms and 2.5 bathrooms
- Separate one‑bedroom apartment with private entrance
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
$55,599
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
4.94%
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%
$1,111,980
$1.1M
Cap Rate 7%
$794,271
$794.3K
Cap Rate 9%
$617,767
$617.8K
Market Conditions
NOI Build-Up for 2,250 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
$86.4K $38.40/SF
− Vacancy
−$7.0K −$3.10/SF
EGI
$79.4K $35.30/SF
− OpEx
−$23.8K −$10.59/SF
NOI
$55.6K $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%
$1,111,980
Cap Rate 7%
$794,271
Cap Rate 9%
$617,767
Alternative Uses
Best Use
Multifamily LT 5
$794.3K
$695.0K – $926.7K
NOI $55,599 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$698.8K
$611.5K – $815.3K
NOI $48,916 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$1.07M
$939.4K – $1.25M
NOI $75,151 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
505
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
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 - Brick residence with a separate apartment, private entrance, driveway, and built-in two-car garage.
Where is this duplex located?
The property is located at 283 Rensselaer Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: Detached two‑family property with 2,250 square feet of space; Primary residence includes 4 bedrooms and 2.5 bathrooms; Separate one‑bedroom apartment with private entrance
