Colonial Two-Family Duplex with
For Sale
$1,125,000
Pending
283 Rensselaer Avenue, Staten Island, NY 10312
MULTI_FAMILY - Colonial - Staten Island, NY
Property Size2,250 SF
Lot Size0.09 Acres
Days on Market46
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 4, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 3, Bathroom 2, Bedroom 1, Bedroom 5, Bathroom 1
Parking features
Garage, Driveway
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
Forced Air, Natural Gas
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: Aug 2
Last Checked: Aug 8 at 1:06AM
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.
This Colonial two-family detached duplex is situated on a quiet dead-end street and built with brick construction. The home offers a spacious main unit with an open floor plan, featuring four bedrooms and 2.5 bathrooms. A separate one-bedroom apartment adds flexibility, with its own private entrance for extended family, guests, or other uses consistent with a second unit.
Additional property features include a private driveway and a built-in two-car garage, along with a deck. Heating is forced air with natural gas, and the home is cooled with central air. Public sewer serves the property. Lot size is 0.0918 acres, and the property was built in 2000. The zoning is R3X.
The layout supports multi-generational living and single-property convenience while keeping both units connected to the same overall improvements, parking, and exterior amenities.
Additional property features include a private driveway and a built-in two-car garage, along with a deck. Heating is forced air with natural gas, and the home is cooled with central air. Public sewer serves the property. Lot size is 0.0918 acres, and the property was built in 2000. The zoning is R3X.
The layout supports multi-generational living and single-property convenience while keeping both units connected to the same overall improvements, parking, and exterior amenities.
Key Highlights
- Main unit: four bedrooms and 2.5 bathrooms with an open floor plan
- Separate one‑bedroom apartment with its own private entrance
- Brick Colonial two‑family detached home built in 2000
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
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family detached duplex on a quiet dead-end street, featuring central air, a deck, and a private one-bedroom apartment entrance.
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: Main unit: four bedrooms and 2.5 bathrooms with an open floor plan; Separate one‑bedroom apartment with its own private entrance; Brick Colonial two‑family detached home built in 2000
