Contemporary Duplex with Central
For Sale
$949,000
Pending
664 Rensselaer Avenue, Staten Island, NY 10312
MULTI_FAMILY - Contemporary - Staten Island, NY
Property Size2,442 SF
Lot Size0.09 Acres
Days on Market62
Property Features for 664 Rensselaer Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3X
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 2
Parking features
Driveway, Off Street, Garage
Interior features
Ceiling Fan(s)
Fencing
Fenced
Appliances
Humidifier
Lot features
Front Yard, Back Yard
Subdivision
Huguenot
Standard status
Pending
APN
06843-0138
Size
2,442 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
4653
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating)
Cooling system
Central Air
Amenities
central air conditioning
yard
Building Details
Year built
1970
Floors in Building
2
Number of units
2
Building materials
Stone, Vinyl Siding
Architectural style
Contemporary
Listing Agency:
Tom Crimmins Realty, Ltd.
(718) 370-3200
Listed By:
Ann Marie Cutrona
(718) 370-3200
Added: Jun 25
Changed: Aug 18
Last Checked: Aug 25 at 3:06AM
MLS# 2603579
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.
664 Rensselaer Avenue is a contemporary two-family duplex built in 1970 on a 0.0918-acre lot. The main unit offers a bright layout with three bedrooms and one full bathroom. The second unit is an updated one-bedroom, one-bath apartment.
The home includes central A/C and natural gas, hot water heat, plus added comfort features such as ceiling fans. Construction materials include stone and vinyl siding. Parking is supported by an attached garage, along with off-street parking and a driveway, and the property includes fencing and a yard.
A newer roof is noted, along with public sewer service. Zoning is listed as R3X, and the property is described as located on a quiet residential street in the Huguenot area with nearby shopping and convenient public transportation for commuting.
The home includes central A/C and natural gas, hot water heat, plus added comfort features such as ceiling fans. Construction materials include stone and vinyl siding. Parking is supported by an attached garage, along with off-street parking and a driveway, and the property includes fencing and a yard.
A newer roof is noted, along with public sewer service. Zoning is listed as R3X, and the property is described as located on a quiet residential street in the Huguenot area with nearby shopping and convenient public transportation for commuting.
Key Highlights
- Two‑family duplex with three‑bedroom and one‑bedroom layouts
- Central A/C plus natural gas, hot water heating
- Attached garage with off‑street parking and driveway
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
$60,344
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
6.36%
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%
$1,206,880
$1.2M
Cap Rate 7%
$862,057
$862.1K
Cap Rate 9%
$670,489
$670.5K
Market Conditions
NOI Build-Up for 2,442 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
$93.8K $38.40/SF
− Vacancy
−$7.6K −$3.10/SF
EGI
$86.2K $35.30/SF
− OpEx
−$25.9K −$10.59/SF
NOI
$60.3K $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%
$1,206,880
Cap Rate 7%
$862,057
Cap Rate 9%
$670,489
Alternative Uses
Best Use
Multifamily LT 5
$862.1K
$754.3K – $1.01M
NOI $60,344 @ 7.0% cap · market cap 6.36%
Second Best
Apartment 5plus
$758.4K
$663.6K – $884.8K
NOI $53,090 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,563 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
392
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 - Contemporary two-family duplex with central A/C, a fenced yard, and an attached garage for off-street parking.
Where is this duplex located?
The property is located at 664 Rensselaer Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Two‑family duplex with three‑bedroom and one‑bedroom layouts; Central A/C plus natural gas, hot water heating; Attached garage with off‑street parking and driveway
