Two-Family Duplex with
For Sale
$899,000
Pending
353 Willowbrook Road, Staten Island, NY 10314
MULTI_FAMILY - Colonial - Staten Island, NY
Property Size1,600 SF
Lot Size0.07 Acres
Days on Market63
Property Features for 353 Willowbrook Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3X
Bedrooms
3
Bathrooms
3
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 3, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 2
Parking features
Open, Driveway
Patio and Porch features
Deck
Interior features
Central Vacuum
Basement
Apartment, Full, Finished
Appliances
Humidifier
Lot features
Back Yard
Subdivision
Westerleigh
Standard status
Pending
Size
1,600 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
7441
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Amenities
two-story entry foyer
hardwood floors
high-hat lighting
granite countertops
ceramic tile flooring and backsplash
deck
central vacuum system
attic fan
maintenance-free aluminum railings
Building Details
Year built
2000
Floors in Building
2
Number of units
1
Building materials
Brick, Vinyl Siding
Architectural style
Colonial
Listing Agency:
Berkshire Hathaway HomeService Cangiano Estates
(718) 605-5800
Listed By:
Traci A Cangiano
(718) 605-5800
Added: Jun 22
Changed: Aug 3
Last Checked: Aug 23 at 3:06PM
MLS# 2603523
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 two-family side hall duplex offers a classic colonial layout with a bright, practical floor plan. The main residence features approximately 1,600 square feet of living space with three bedrooms and two and a half baths, including a spacious four-piece primary bath. A two-story entry foyer opens to pristine hardwood floors, and the eat-in kitchen includes upgraded cabinetry, an island, granite countertops, and ceramic tile flooring and backsplash, with recent updates to faucet and cabinet hardware. Andersen sliders lead from the kitchen to a deck overlooking the maintained yard.
The property also includes a separate studio apartment that is currently vacant, with brand-new carpeting and a full bath. The studio’s layout is positioned for flexibility, including the possibility of conversion into a one-bedroom unit for rental income, extended family use, guests, or a private office.
Additional improvements and features include a built-in garage, attractive brick facade, maintenance-free aluminum railings, central vacuum system, and an attic fan. Heating is forced air with natural gas, and cooling is provided by central air, with a roof noted as just two years old.
The property also includes a separate studio apartment that is currently vacant, with brand-new carpeting and a full bath. The studio’s layout is positioned for flexibility, including the possibility of conversion into a one-bedroom unit for rental income, extended family use, guests, or a private office.
Additional improvements and features include a built-in garage, attractive brick facade, maintenance-free aluminum railings, central vacuum system, and an attic fan. Heating is forced air with natural gas, and cooling is provided by central air, with a roof noted as just two years old.
Key Highlights
- Built in 2000 with approximately 1,600 SF main residence
- Main home: three bedrooms and two and a half baths, including four‑piece primary bath
- Separate studio apartment is currently vacant with brand‑new carpeting and a full bath
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
$43,640
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
4.85%
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%
$872,800
$872.8K
Cap Rate 7%
$623,429
$623.4K
Cap Rate 9%
$484,889
$484.9K
Market Conditions
NOI Build-Up for 1,600 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
$65.3K $40.80/SF
− Vacancy
−$2.9K −$1.84/SF
EGI
$62.3K $38.96/SF
− OpEx
−$18.7K −$11.69/SF
NOI
$43.6K $27.27/SF
Area
ZIP 10314
Vacancy
4.50%
Lease Rate
$40.80 /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%
$872,800
Cap Rate 7%
$623,429
Cap Rate 9%
$484,889
Alternative Uses
Best Use
Multifamily LT 5
$623.4K
$545.5K – $727.3K
NOI $43,640 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$578.1K
$505.8K – $674.4K
NOI $40,466 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$763.4K
$668.0K – $890.7K
NOI $53,440 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
810
Businesses Nearby
Explore this area
Business Placement
Demographics for 10314, NY
92,157
Population
33,554
Households
2.7
Avg Household Size
41
Median Age
37%
College-Educated
89%
High-School Grad
13.0 sq mi
ZIP Area
7,089
Density / Sq Mi
$104,655
Median Household Income
$58,769
Median Earnings
$1,726
Median Rent
$665,500
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 duplex built in 2000 with a deck, central air, and a currently vacant studio apartment.
Where is this duplex located?
The property is located at 353 Willowbrook Road Staten Island, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Built in 2000 with approximately 1,600 SF main residence; Main home: three bedrooms and two and a half baths, including four‑piece primary bath; Separate studio apartment is currently vacant with brand‑new carpeting and a full bath
