Two-Family Duplex with
For Sale
$998,888
Pending
89 Columbus Avenue, Staten Island, NY 10304
Residential Income, Staten Island, NY
Property Size2,011 SF
Lot Size0.12 Acres
Days on Market79
Property Features for 89 Columbus Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R2
Bedrooms
4
Bathrooms
4
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 4, Bathroom 5, Bedroom 3, Bathroom 3, Bedroom 4, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2
Parking features
Off Street
Patio and Porch features
Patio
Pool private
1
Interior features
Ceiling Fan(s)
Exterior features
Balcony
Fencing
Fenced
Basement
Apartment, Full
Lot features
Back Yard
Subdivision
Grasmere
Standard status
Pending
Size
2,011 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
9379
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Amenities
pool
washer/dryer
shed
Building Details
Year built
2003
Floors in Building
2
Number of units
2
Building materials
Brick, Stucco
Architectural style
Colonial
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Marianne L Russo
(917) 583-5475
Added: Jul 6
Changed: Sep 13
Last Checked: Sep 22 at 4:06AM
MLS# 2603780
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.
Built in 2003, this 2,011-square-foot duplex offers a two-family layout with a private apartment entrance. The lower-level apartment includes a combined living and kitchen area, bedroom, full bath, washer and dryer, and pantry. The main residence features an eat-in kitchen, combined living and dining room, half bath, three additional bedrooms, two full baths, a three-quarter bath, and pull-down attic stairs. Brick and stucco construction is complemented by central air, forced-air natural gas heat, wood and tile flooring, and a balcony.
The 0.124-acre property includes a fenced yard, private in-ground pool, patio, oversized storage shed, and two-car carport. Public sewer serves the property, with off-street parking also available. Stores, restaurants, a hospital, schools, and places of worship are within walking distance. City and express bus service is approximately 5 minutes away, while two subway stations are within walking distance.
The 0.124-acre property includes a fenced yard, private in-ground pool, patio, oversized storage shed, and two-car carport. Public sewer serves the property, with off-street parking also available. Stores, restaurants, a hospital, schools, and places of worship are within walking distance. City and express bus service is approximately 5 minutes away, while two subway stations are within walking distance.
Key Highlights
- 2,011‑square‑foot duplex built in 2003
- Two‑family layout with separate apartment entrance
- 0.124‑acre lot with fenced yard and private in‑ground pool
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
$49,693
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
4.97%
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%
$993,860
$993.9K
Cap Rate 7%
$709,900
$709.9K
Cap Rate 9%
$552,144
$552.1K
Market Conditions
NOI Build-Up for 2,011 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
$77.2K $38.40/SF
− Vacancy
−$6.2K −$3.10/SF
EGI
$71.0K $35.30/SF
− OpEx
−$21.3K −$10.59/SF
NOI
$49.7K $24.71/SF
Area
ZIP 10304
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%
$993,860
Cap Rate 7%
$709,900
Cap Rate 9%
$552,144
Alternative Uses
Best Use
Multifamily LT 5
$709.9K
$621.2K – $828.2K
NOI $49,693 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$650.6K
$569.3K – $759.0K
NOI $45,542 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$959.5K
$839.6K – $1.12M
NOI $67,168 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,265
Businesses Nearby
Explore this area
Business Placement
Demographics for 10304, NY
46,944
Population
17,524
Households
2.7
Avg Household Size
38
Median Age
31%
College-Educated
84%
High-School Grad
3.5 sq mi
ZIP Area
13,413
Density / Sq Mi
$71,506
Median Household Income
$41,752
Median Earnings
$1,516
Median Rent
$659,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Brick-and-stucco residence with a fenced yard, two-car carport, and separate apartment access.
Where is this duplex located?
The property is located at 89 Columbus Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $998,888.
What are key features of this property?
This property features: 2,011‑square‑foot duplex built in 2003; Two‑family layout with separate apartment entrance; 0.124‑acre lot with fenced yard and private in‑ground pool
