Two-Family Residential Income
For Sale
$1,290,000
Pending
43 Valdemar Avenue, Staten Island, NY 10309
MULTI_FAMILY - Ranch - Staten Island, NY
Property Size2,804 SF
Lot Size0.14 Acres
Days on Market53
Property Features for 43 Valdemar Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3X
Bedrooms
5
Bathrooms
4
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 4, Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 5, Bathroom 1
Parking features
Driveway, Garage, Open
Patio and Porch features
Patio
Interior features
Walk-In Closet(s), Ceiling Fan(s)
Fencing
Fenced
Basement
Full, Finished
Lot features
Front Yard, Back Yard
Subdivision
Princes Bay
Standard status
Pending
APN
6857/35
Size
2,804 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
10578
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating)
Cooling system
Central Air
Building Details
Year built
1981
Floors in Building
2
Number of units
2
Building materials
Stone, Stucco, Vinyl Siding
Architectural style
Ranch
Listing Agency:
J Milo Real Estate
(718) 872-9300
Listed By:
Jenine Milo
(718) 872-9300
Added: Jun 11
Changed: Jul 30
Last Checked: Aug 2 at 5:06AM
MLS# 2603278
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.
43 Valdemar Avenue is a two-family home featuring a two-story entry foyer and a main residence with multiple bedrooms, a formal dining room, and a living room. The primary suite includes a private 3/4 bath, with two additional bedrooms and a full hall bathroom. Additional improvements include hardwood floors in the bedrooms, living room, and dining room, a large eat-in kitchen, and a first-floor family room with direct access to the backyard. A full finished basement adds further recreation and storage space.
Outside, the property includes a finished yard with pavers from front to back, an in-ground pool, custom landscaping, and PVC fencing. There is also a one-car garage and two separate driveways for parking. Brand new Andersen windows are noted, and the home is described as move-in ready.
In addition to the main residence, the property offers a 2-bedroom street-level apartment with an eat-in kitchen and full bathroom, providing flexibility for extended family or rental income. The property is zoned R3X and sits on a 60x100 lot in Princewood Estates on a quiet dead-end block.
Outside, the property includes a finished yard with pavers from front to back, an in-ground pool, custom landscaping, and PVC fencing. There is also a one-car garage and two separate driveways for parking. Brand new Andersen windows are noted, and the home is described as move-in ready.
In addition to the main residence, the property offers a 2-bedroom street-level apartment with an eat-in kitchen and full bathroom, providing flexibility for extended family or rental income. The property is zoned R3X and sits on a 60x100 lot in Princewood Estates on a quiet dead-end block.
Key Highlights
- 1981 ranch‑style two‑family home with approximately 3,800 SF of living space
- Two‑story entry foyer, formal dining room, living room, and large eat‑in kitchen in the main residence
- Primary suite with private 3/4 bath, plus two additional bedrooms and a full hall bathroom
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $104.3k | $37.20 |
| − Vacancy | −$4.7k | −$1.67 |
| EGI | $99.6k | $35.53 |
| − OpEx | −$29.9k | −$10.66 |
| NOI | $69.7k | $24.87 |
2,804 SF · lease $37.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$996.1K
$871.6K – $1.16M
NOI $69,730 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$888.3K
$777.3K – $1.04M
NOI $62,182 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,654 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
415
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family home with hardwood floors, finished basement, in-ground pool, and a 2-bedroom street-level apartment.
Where is this duplex located?
The property is located at 43 Valdemar Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: 1981 ranch‑style two‑family home with approximately 3,800 SF of living space; Two‑story entry foyer, formal dining room, living room, and large eat‑in kitchen in the main residence; Primary suite with private 3/4 bath, plus two additional bedrooms and a full hall bathroom
