Semi-Attached Colonial
For Sale
$849,000
Pending
66 Hempstead Avenue, Staten Island, NY 10306
SINGLE_FAMILY - Colonial - Staten Island, NY
Property Size2,010 SF
Lot Size0.05 Acres
Days on Market229
Property Features for 66 Hempstead Avenue
General Information
Property type
Residential
Property subtype
Duplex
Property condition
Under Construction
Zoning
R3-1
Bedrooms
3
Bathrooms
3
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1
Parking features
Carport
Patio and Porch features
Deck
Appliances
Dishwasher, Microwave
Lot features
Back Yard
Subdivision
Midland Beach
Standard status
Pending
APN
03813-0015
Size
2,010 SF
Lot size
0.05 Acres
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Electric (Heating)
Cooling system
Central Air
Building Details
Year built
2025
Floors in Building
3
Building materials
Stone
Architectural style
Colonial
Listing Agency:
NextHome Prestige
(718) 980-2100
Listed By:
Bella Grossman · License #10401260687,PersonLicenseNumber
(917) 804-6638
Added: Jan 8
Changed: Aug 2
Last Checked: Aug 25 at 5:06AM
MLS# 2600142
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.
New construction semi-attached colonial-style home offering three bedrooms and 2.5 baths. The living room features 10-foot ceilings, and the interior includes gleaming hardwood floors. The kitchen comes equipped with all-electric stainless steel appliances, and the primary bedroom includes a private 3/4 bath.
The home is configured with a two-car garage and includes a separate split heat and A/C system for year-round comfort. It’s described as being close to transportation, the ocean, and shopping.
With a listed interior size of 2,010 square feet, this residence is presented as a modern, move-in ready option.
The home is configured with a two-car garage and includes a separate split heat and A/C system for year-round comfort. It’s described as being close to transportation, the ocean, and shopping.
With a listed interior size of 2,010 square feet, this residence is presented as a modern, move-in ready option.
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
$45,370
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
5.34%
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%
$907,400
$907.4K
Cap Rate 7%
$648,143
$648.1K
Cap Rate 9%
$504,111
$504.1K
Market Conditions
NOI Build-Up for 2,010 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
$86.8K $43.20/SF
− Vacancy
−$4.3K −$2.16/SF
EGI
$82.5K $41.04/SF
− OpEx
−$37.1K −$18.47/SF
NOI
$45.4K $22.57/SF
Area
ZIP 10306
Vacancy
5.00%
Lease Rate
$43.20 /SF/Yr
Expense Ratio
45.00%
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%
$907,400
Cap Rate 7%
$648,143
Cap Rate 9%
$504,111
Alternative Uses
Best Use
Apartment 5plus
$648.1K
$567.1K – $756.2K
NOI $45,370 @ 7.0% cap · market cap 5.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$959.1K
$839.2K – $1.12M
NOI $67,134 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10 ft
Clear height
Location Intelligence
Trade Area within ½ mile
463
Businesses Nearby
Explore this area
Business Placement
Demographics for 10306, NY
57,919
Population
21,299
Households
2.7
Avg Household Size
43
Median Age
34%
College-Educated
88%
High-School Grad
7.2 sq mi
ZIP Area
8,044
Density / Sq Mi
$97,746
Median Household Income
$54,052
Median Earnings
$1,743
Median Rent
$675,400
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Single family property - Newly built semi-attached home with three bedrooms, two-and-a-half baths, and a two-car garage.
Where is this single family property located?
The property is located at 66 Hempstead Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $849,000.
