Duplex Property with Heated
New
For Sale
$1,199,900
58 Grantwood Avenue, Staten Island, NY 10312
MULTI_FAMILY - Staten Island, NY
Property Size2,350 SF
Lot Size0.09 Acres
Price / SF$510.60
Days on Market4
Property Features for 58 Grantwood Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3A
Bedrooms
4
Bathrooms
4
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 3, Bathroom 4, Bedroom 4, Bathroom 1
Parking features
Garage
Patio and Porch features
Patio
Interior features
A/C Unit - Wall, Central Air, Dryer, Garage Door Opener(s), Laundry Area, Microwave, Patio Garden, Pool, Refrigerator, Stove, Terrace, Washer
Basement
Finished, Full
Subdivision
Annadale
Standard status
Active
Size
2,350 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
10135
Amenities
pool
cabana
Building Details
Year built
1970
Floors in Building
2
Number of units
2
Flooring type
Hardwood
Building materials
Wood Frame
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
Neuhaus Realty Inc.
(718) 979-3400
Listed By:
Giovanna Cardinale · License #40CA1050108
(718) 979-3400
Added: Aug 7
Changed: Aug 9
Last Checked: Aug 10 at 8:06AM
MLS# 503650
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.
This 2,350-square-foot duplex property includes a first-floor one-bedroom rental unit and four bathrooms. The 1970 ranch-style home has hardwood flooring, a 2025 kitchen renovation with an open layout and modern appliances, updated bathroom finishes, central air, new baseboard heating, and a shingle roof with solar panels installed in 2011. Interior amenities include a laundry area, washer and dryer, refrigerator, stove, microwave, and garage door opener. A garage provides on-site parking.
Outdoor features include a 0.0918-acre lot, patio areas, a terrace, and an inground saltwater heated pool with a new liner installed in 2025. A cabana and paver areas complement the rear yard. The property is located at 58 Grantwood Avenue in Staten Island, New York, and carries R3A zoning.
Outdoor features include a 0.0918-acre lot, patio areas, a terrace, and an inground saltwater heated pool with a new liner installed in 2025. A cabana and paver areas complement the rear yard. The property is located at 58 Grantwood Avenue in Staten Island, New York, and carries R3A zoning.
Key Highlights
- 2,350 square feet on a 0.0918‑acre lot
- First‑floor 1‑bedroom rental unit
- Inground saltwater heated pool with new liner in 2025
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
$58,070
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
4.84%
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%
$1,161,400
$1.2M
Cap Rate 7%
$829,571
$829.6K
Cap Rate 9%
$645,222
$645.2K
Market Conditions
NOI Build-Up for 2,350 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
$90.2K $38.40/SF
− Vacancy
−$7.3K −$3.10/SF
EGI
$83.0K $35.30/SF
− OpEx
−$24.9K −$10.59/SF
NOI
$58.1K $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%
$1,161,400
Cap Rate 7%
$829,571
Cap Rate 9%
$645,222
Alternative Uses
Best Use
Multifamily LT 5
$829.6K
$725.9K – $967.8K
NOI $58,070 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$729.9K
$638.6K – $851.5K
NOI $51,090 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$1.12M
$981.1K – $1.31M
NOI $78,491 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
602
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 - R3A-zoned property with a first-floor one-bedroom rental, updated interiors, and central air conditioning.
Where is this duplex located?
The property is located at 58 Grantwood Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,199,900.
What are key features of this property?
This property features: 2,350 square feet on a 0.0918‑acre lot; First‑floor 1‑bedroom rental unit; Inground saltwater heated pool with new liner in 2025
