Duplex with Garage and Attic
For Sale
$1,099,999
68 Van Pelt Avenue, Staten Island, NY 10303
MULTI_FAMILY - Staten Island, NY
Property Size3,040 SF
Lot Size0.07 Acres
Price / SF$361.84
Days on Market162
Property Features for 68 Van Pelt Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3A
Bathrooms
3
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bathroom 3
Parking features
Garage
Interior features
Refrigerator, Stove
Subdivision
Mariners Harbor
Standard status
Active
Size
3,040 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
8142
Building Details
Year built
2006
Floors in Building
2
Number of units
2
Flooring type
Tile, Laminate
Building materials
Block
Roof type
Asphalt
Listing Agency:
DiTommaso Real Estate
(718) 667-8000
Listed By:
Frank DiTommaso · License #10401271139
(718) 667-8000
Added: Mar 16
Changed: Aug 19
Last Checked: Aug 24 at 5:06PM
MLS# 499692
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.
68 Van Pelt Avenue presents a detached duplex with a 6-over-6 layout, plus an additional above-ground room and a 3/4 bathroom. The property includes a large attic with expansion possibilities, and generous front, side, and backyard space. Interior features include a refrigerator and stove, and the unit finishes feature laminate and tile flooring. Constructed with block materials and an asphalt roof, the building offers garage parking.
Zoned R3A, the home is on a 0.0735-acre lot with an overall property size of 3,040 square feet. The duplex was built in 2006.
The property is sold as-is with tenants occupied.
Zoned R3A, the home is on a 0.0735-acre lot with an overall property size of 3,040 square feet. The duplex was built in 2006.
The property is sold as-is with tenants occupied.
Key Highlights
- Detached 6‑over‑6 duplex layout
- Large attic with expansion possibilities
- Additional above‑ground room plus a 3/4 bathroom
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
$75,599
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
6.87%
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%
$1,511,980
$1.5M
Cap Rate 7%
$1,079,986
$1.1M
Cap Rate 9%
$839,989
$840.0K
Market Conditions
NOI Build-Up for 3,040 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
$113.1K $37.20/SF
− Vacancy
−$5.1K −$1.67/SF
EGI
$108.0K $35.53/SF
− OpEx
−$32.4K −$10.66/SF
NOI
$75.6K $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%
$1,511,980
Cap Rate 7%
$1,079,986
Cap Rate 9%
$839,989
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$945.0K – $1.26M
NOI $75,599 @ 7.0% cap · market cap 6.87%
Second Best
Apartment 5plus
$963.1K
$842.7K – $1.12M
NOI $67,415 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,537 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
838
Businesses Nearby
Explore this area
Business Placement
Demographics for 10303, NY
28,155
Population
9,580
Households
2.9
Avg Household Size
34
Median Age
30%
College-Educated
83%
High-School Grad
3.2 sq mi
ZIP Area
8,798
Density / Sq Mi
$79,429
Median Household Income
$49,072
Median Earnings
$1,520
Median Rent
$457,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Detached duplex on a 0.0735-acre lot zoned R3A, built in 2006, with garage parking and a large attic.
Where is this duplex located?
The property is located at 68 Van Pelt Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,099,999.
What are key features of this property?
This property features: Detached 6‑over‑6 duplex layout; Large attic with expansion possibilities; Additional above‑ground room plus a 3/4 bathroom
