Duplex with
For Sale
$659,900
307 Leverett Avenue, Staten Island, NY 10308
SINGLE_FAMILY - Staten Island, NY
Property Size1,344 SF
Lot Size0.05 Acres
Price / SF$490
Days on Market212
Property Features for 307 Leverett Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-1
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 2
Parking features
On Street
Patio and Porch features
Patio
Fencing
Fenced
Basement
Full, Unfinished
Lot features
Front Yard, Back Yard, Side
Subdivision
Annadale
Standard status
Active
APN
05446-0076
Size
1,344 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
7132
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Building Details
Year built
1980
Floors in Building
2
Building materials
Vinyl Siding
Listing Agency:
Real Broker NY LLC
(855) 450-0442
Listed By:
George S Wonica
(917) 418-9548
Added: Jan 23
Changed: Aug 18
Last Checked: Aug 23 at 12:06AM
MLS# 2600475
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 duplex at 307 Leverett Avenue is a 1,344 SF property built in 1980 on a 0.0539-acre lot. Exterior materials include vinyl siding. The home has natural gas forced-air heating and central air conditioning, with public sewer service available. Parking is on-street, and the property includes a patio and fenced yard.
The interior currently requires significant work, with some walls removed, offering a blank-canvas layout opportunity. The room list includes three bedrooms and two bathrooms, including Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1, and Bathroom 2.
Located in Richmond County on Staten Island in an established neighborhood, this property can be a practical fit for buyers looking to customize and reimagine the space through renovation.
The interior currently requires significant work, with some walls removed, offering a blank-canvas layout opportunity. The room list includes three bedrooms and two bathrooms, including Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1, and Bathroom 2.
Located in Richmond County on Staten Island in an established neighborhood, this property can be a practical fit for buyers looking to customize and reimagine the space through renovation.
Key Highlights
- 0.0539‑acre lot with 1,344 SF duplex built in 1980
- R3‑1 zoning
- Central air and natural gas forced‑air heating
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
$33,423
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
5.06%
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%
$668,460
$668.5K
Cap Rate 7%
$477,471
$477.5K
Cap Rate 9%
$371,367
$371.4K
Market Conditions
NOI Build-Up for 1,344 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
$50.0K $37.20/SF
− Vacancy
−$2.2K −$1.67/SF
EGI
$47.7K $35.53/SF
− OpEx
−$14.3K −$10.66/SF
NOI
$33.4K $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%
$668,460
Cap Rate 7%
$477,471
Cap Rate 9%
$371,367
Alternative Uses
Best Use
Multifamily LT 5
$477.5K
$417.8K – $557.1K
NOI $33,423 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$425.8K
$372.6K – $496.8K
NOI $29,805 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$641.3K
$561.1K – $748.2K
NOI $44,890 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
825
Businesses Nearby
Explore this area
Business Placement
Demographics for 10308, NY
28,198
Population
11,093
Households
2.5
Avg Household Size
44
Median Age
40%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
12,817
Density / Sq Mi
$122,654
Median Household Income
$67,149
Median Earnings
$1,729
Median Rent
$648,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex in R3-1 zoning with central air, natural gas forced-air heat, and a patio.
Where is this duplex located?
The property is located at 307 Leverett Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $659,900.
What are key features of this property?
This property features: 0.0539‑acre lot with 1,344 SF duplex built in 1980; R3‑1 zoning; Central air and natural gas forced‑air heating
