Two-Family Ranch with
New
For Sale
$1,198,000
401 Vernon Avenue, Staten Island, NY 10309
Residential Income, Staten Island, NY
Property Size1,951 SF
Lot Size0.28 Acres
Price / SF$614.04
Days on Market2
Property Features for 401 Vernon Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3X
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 1
Parking features
Driveway
Patio and Porch features
Deck, Patio
Pool private
1
Interior features
Ceiling Fan(s)
Fencing
Chain Link, Fenced
Lot features
Front Yard, Back Yard
Subdivision
Princes Bay
Standard status
Active
APN
06853/0032
Size
1,951 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Annual Amount
8000
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Amenities
inground pool
Building Details
Year built
1965
Floors in Building
2
Number of units
2
Building materials
Stone, Vinyl Siding
Architectural style
Ranch
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Rayann Besser · License #10301218353
(718) 987-7900
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 22 at 6:06PM
MLS# 2604766
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 1965, this 1,951-square-foot ranch-style duplex includes a three-bedroom residence over a two-bedroom residence. The home features a new quartz kitchen, new windows, hardwood floors, natural-gas forced-air heating, and stone and vinyl-siding construction. A private in-ground pool, fenced yard, patio, deck, and driveway provide substantial outdoor and parking features.
The property occupies 0.2755 acres at 401 Vernon Avenue in Staten Island, NY 10309. It is served by public sewer and carries R3X zoning, with a chain-link fence enclosing the outdoor area.
The property occupies 0.2755 acres at 401 Vernon Avenue in Staten Island, NY 10309. It is served by public sewer and carries R3X zoning, with a chain-link fence enclosing the outdoor area.
Key Highlights
- Two‑family layout with 3 bedrooms over 2 bedrooms
- 1,951 SF ranch‑style property built in 1965
- Private in‑ground pool with fenced yard, patio, and deck
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
$48,518
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
4.05%
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%
$970,360
$970.4K
Cap Rate 7%
$693,114
$693.1K
Cap Rate 9%
$539,089
$539.1K
Market Conditions
NOI Build-Up for 1,951 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
$72.6K $37.20/SF
− Vacancy
−$3.3K −$1.67/SF
EGI
$69.3K $35.53/SF
− OpEx
−$20.8K −$10.66/SF
NOI
$48.5K $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%
$970,360
Cap Rate 7%
$693,114
Cap Rate 9%
$539,089
Alternative Uses
Best Use
Multifamily LT 5
$693.1K
$606.5K – $808.6K
NOI $48,518 @ 7.0% cap · market cap 4.05%
Second Best
Apartment 5plus
$618.1K
$540.8K – $721.1K
NOI $43,265 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$930.9K
$814.6K – $1.09M
NOI $65,164 @ 7.0% cap · market cap 5.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
417
Businesses Nearby
Explore this area
Business Placement
Demographics for 10309, NY
33,523
Population
12,770
Households
2.6
Avg Household Size
41
Median Age
40%
College-Educated
92%
High-School Grad
7.3 sq mi
ZIP Area
4,592
Density / Sq Mi
$123,638
Median Household Income
$67,348
Median Earnings
$1,907
Median Rent
$745,500
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 - R3X-zoned property offers three- and two-bedroom layouts, updated kitchen and windows, outdoor space, and a private in-ground pool.
Where is this duplex located?
The property is located at 401 Vernon Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,198,000.
What are key features of this property?
This property features: Two‑family layout with 3 bedrooms over 2 bedrooms; 1,951 SF ranch‑style property built in 1965; Private in‑ground pool with fenced yard, patio, and deck
