Two-Unit Duplex with R5
For Sale
$499,900
Pending
45 Benziger Avenue, Staten Island, NY 10301
MULTI_FAMILY - Other - Staten Island, NY
Property Size1,350 SF
Days on Market59
Property Features for 45 Benziger Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 4, Bedroom 1, Bathroom 3, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 2
Parking features
Driveway
Subdivision
Mid Island
Standard status
Pending
Utilities
Heating system
Steam, Natural Gas
Water source
Public
Building Details
Year built
1999
Floors in Building
3
Flooring type
Laminate
Building materials
Vinyl Siding
Roof type
Flat
Architectural style
Other
Listing Agency:
JOHN A MAGUIRE REAL ESTATE LLC
(646) 320-6289
Listed By:
Joseph Gualtieri
Added: Jun 15
Changed: Aug 3
Last Checked: Aug 12 at 6:06PM
MLS# 11831365
Copyright © 2026 My State MLS. 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.
Two-family duplex at 45 Benziger Avenue built in 1999. The property is described as a three-story home with two residential units and approximately 1,350 building square feet. Exterior finishes include vinyl siding and a flat roof. Interior features referenced include laminate flooring, natural gas and steam heating, and public water service. The room list includes three bedrooms and four bathrooms across the property.
The home is positioned in the Saint George/Tompkinsville area of Staten Island, with convenient access to shopping, schools, public transportation, and the Staten Island Ferry. Parking is provided via a driveway.
R5 zoning supports residential use for this two-family configuration and can fit both owner-occupant and investor strategies, depending on how the units are utilized.
The home is positioned in the Saint George/Tompkinsville area of Staten Island, with convenient access to shopping, schools, public transportation, and the Staten Island Ferry. Parking is provided via a driveway.
R5 zoning supports residential use for this two-family configuration and can fit both owner-occupant and investor strategies, depending on how the units are utilized.
Key Highlights
- Three‑story two‑family duplex built in 1999 with approximately 1,350 building SF
- R5 zoning
- Natural gas steam heating and public water service
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
$33,572
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
6.72%
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%
$671,440
$671.4K
Cap Rate 7%
$479,600
$479.6K
Cap Rate 9%
$373,022
$373.0K
Market Conditions
NOI Build-Up for 1,350 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
$50.2K $37.20/SF
− Vacancy
−$2.3K −$1.67/SF
EGI
$48.0K $35.53/SF
− OpEx
−$14.4K −$10.66/SF
NOI
$33.6K $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%
$671,440
Cap Rate 7%
$479,600
Cap Rate 9%
$373,022
Alternative Uses
Best Use
Multifamily LT 5
$479.6K
$419.7K – $559.5K
NOI $33,572 @ 7.0% cap · market cap 6.72%
Second Best
Apartment 5plus
$427.7K
$374.2K – $499.0K
NOI $29,938 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$644.1K
$563.6K – $751.5K
NOI $45,090 @ 7.0% cap · market cap 9.02%
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
1,739
Businesses Nearby
Explore this area
Business Placement
Demographics for 10301, NY
41,474
Population
16,631
Households
2.5
Avg Household Size
40
Median Age
38%
College-Educated
88%
High-School Grad
3.8 sq mi
ZIP Area
10,914
Density / Sq Mi
$84,937
Median Household Income
$50,140
Median Earnings
$1,697
Median Rent
$657,000
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 - 1999-built two-family duplex with natural gas steam heat and R5 zoning.
Where is this duplex located?
The property is located at 45 Benziger Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Three‑story two‑family duplex built in 1999 with approximately 1,350 building SF; R5 zoning; Natural gas steam heating and public water service
