Two-Unit
For Sale
$1,059,000
Pending
94 Cedar Ave, Staten Island, NY 10305
Two matching residences pair traditional room layouts with separate heating and hot-water systems.
Property Size2,288 SF
Days on Market25
Property Features for 94 Cedar Ave
General Information
Standard status
Pending
Size
2,288 SF
Property subtype
Multi Family
Property Condition
Severity
Repairs Needed
Evidence
ready for updates
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,960
Building Details
Building Size
2,288 SF
Year Built
1920
Buildings
1
Stories
2
Listing Agency:
Womcore LLC dba Remax Edge
Listed By:
Xiao (Emma) Zhu
(718) 612-3088
Source:
Elliman
Added: Sep 24
Changed: Oct 10
Last Checked: Oct 16 at 9:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Womcore LLC dba Remax Edge
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Investment Insights
Based on property information with market context.
Built in 1920, this detached duplex at 94 Cedar Ave in Staten Island has two matching apartments. Each contains three bedrooms, a full bathroom, living and dining rooms, and an eat-in kitchen. Hardwood floors remain beneath carpet, and each level has its own heating system and hot-water tank. The exterior combines brick and vinyl siding.
A partially finished basement has a separate side entrance, windows on all sides, a three-quarter bathroom, utility and storage rooms, a tool room, extra cabinetry with a sink, and a recreation area. Parking includes a detached carport, a two-car curb cut, and space for up to six vehicles.
The property is minutes from the S53, with access to the S79 and S93 routes into Brooklyn and express bus service to Manhattan.
A partially finished basement has a separate side entrance, windows on all sides, a three-quarter bathroom, utility and storage rooms, a tool room, extra cabinetry with a sink, and a recreation area. Parking includes a detached carport, a two-car curb cut, and space for up to six vehicles.
The property is minutes from the S53, with access to the S79 and S93 routes into Brooklyn and express bus service to Manhattan.
Key Highlights
- Two matching apartments, each with three bedrooms and one full bathroom
- Separate heating systems and hot‑water tanks for each floor
- Detached carport, two‑car curb cut, and parking space for up to six vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,072
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,201,440
$1.2M
Cap Rate 7%
$858,171
$858.2K
Cap Rate 9%
$667,467
$667.5K
Market Conditions
NOI Build-Up for 2,288 SF
Gross rent
$93.4K $40.80/SF
− Vacancy
−$7.5K −$3.29/SF
EGI
$85.8K $37.51/SF
− OpEx
−$25.7K −$11.25/SF
NOI
$60.1K $26.26/SF
Area
ZIP 10305
Vacancy
8.07%
Lease Rate
$40.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,201,440
Cap Rate 7%
$858,171
Cap Rate 9%
$667,467
Alternative Uses
Best Use
Multifamily LT 5
$858.2K
$750.9K – $1.00M
NOI $60,072 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$789.6K
$690.9K – $921.2K
NOI $55,269 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$1.09M
$955.3K – $1.27M
NOI $76,420 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
637
Businesses Nearby
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Business Placement
Demographics for 10305, NY
44,008
Population
16,850
Households
2.6
Avg Household Size
41
Median Age
32%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
11,002
Density / Sq Mi
$86,294
Median Household Income
$52,183
Median Earnings
$1,656
Median Rent
$627,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences pair traditional room layouts with separate heating and hot-water systems.
Where is this duplex located?
The property is located at 94 Cedar Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $1,059,000.
What are key features of this property?
This property features: Two matching apartments, each with three bedrooms and one full bathroom; Separate heating systems and hot‑water tanks for each floor; Detached carport, two‑car curb cut, and parking space for up to six vehicles
