Duplex with Private Driveway and
For Sale
$825,000
41 Ibsen Avenue, Staten Island, NY 10312
SINGLE_FAMILY - Staten Island, NY
Property Size1,884 SF
Lot Size0.11 Acres
Price / SF$437.90
Days on Market48
Property Features for 41 Ibsen Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-1
Bedrooms
3
Bathrooms
3
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1
Patio and Porch features
Patio
Interior features
Central Air, Dishwasher, Dryer, Laundry Area, Microwave, Patio Garden, Refrigerator, Washer
Basement
Full, Finished
Subdivision
Arden Heights
Standard status
Active
Size
1,884 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
7611
Amenities
hardwood floors
recessed lighting
stainless steel appliances
center island
finished basement
fenced backyard
deck
above-ground pool
landscaped yards
solar panels
Building Details
Year built
1980
Floors in Building
2
Flooring type
Tile, Carpet, Hardwood
Architectural style
Other
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Jason Zhou · License #10301217017
(718) 612-3088
Added: Jul 10
Changed: Aug 9
Last Checked: Aug 26 at 7:06AM
MLS# 502850
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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.
Duplex in R3-1 zoning featuring a spacious layout with three bedrooms and two and a half baths, plus a finished basement. The home includes central air and hardwood, tile, and carpet flooring, along with an eat-in kitchen with a center island and stainless steel appliances. A rear sliding glass door provides direct access to the backyard from the finished basement, and a patio supports outdoor use. Outside, the fenced backyard includes a large deck surrounding an above-ground pool and offers lawn space, complemented by landscaped front and side yards.
Set on a 0.1053-acre lot, the property totals 1,884 square feet. A wide private driveway provides side-by-side parking for two cars. Additional improvements include a roof that is 18 months old and leased solar panels.
Built in 1980, this move-in-ready corner duplex also features convenient access to nearby parks, shopping, restaurants, schools, local and express buses, the Staten Island Railway, and the Staten Island Expressway.
Set on a 0.1053-acre lot, the property totals 1,884 square feet. A wide private driveway provides side-by-side parking for two cars. Additional improvements include a roof that is 18 months old and leased solar panels.
Built in 1980, this move-in-ready corner duplex also features convenient access to nearby parks, shopping, restaurants, schools, local and express buses, the Staten Island Railway, and the Staten Island Expressway.
Key Highlights
- R3‑1 zoning duplex with three bedrooms and two and a half baths
- 0.1053‑acre lot and 1,884 SF total area
- Finished basement with rear sliding glass door for backyard access
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
$46,555
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
5.64%
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%
$931,100
$931.1K
Cap Rate 7%
$665,071
$665.1K
Cap Rate 9%
$517,278
$517.3K
Market Conditions
NOI Build-Up for 1,884 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
$72.3K $38.40/SF
− Vacancy
−$5.8K −$3.10/SF
EGI
$66.5K $35.30/SF
− OpEx
−$20.0K −$10.59/SF
NOI
$46.6K $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%
$931,100
Cap Rate 7%
$665,071
Cap Rate 9%
$517,278
Alternative Uses
Best Use
Multifamily LT 5
$665.1K
$581.9K – $775.9K
NOI $46,555 @ 7.0% cap · market cap 5.64%
Second Best
Apartment 5plus
$585.1K
$512.0K – $682.7K
NOI $40,959 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$898.9K
$786.6K – $1.05M
NOI $62,926 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
363
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 - R3-1 duplex with central air, a finished basement, and a fenced backyard with deck and above-ground pool.
Where is this duplex located?
The property is located at 41 Ibsen Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: R3‑1 zoning duplex with three bedrooms and two and a half baths; 0.1053‑acre lot and 1,884 SF total area; Finished basement with rear sliding glass door for backyard access
