Renovated Two-Family Detached
For Sale
$549,000
Pending
102 Maple Ave, Staten Island, NY 10302
Separate boilers and hot water tanks provide independent utility systems for the two residential units.
Property Size1,411 SF
Days on Market245
Property Features for 102 Maple Ave
General Information
Standard status
Pending
Size
1,411 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Building Details
Year Built
1915
Year Renovated
2018
Buildings
1
Listing Agency:
Revolution Realty Group
Listed By:
Salvatore Taormina · License #10301210276
(718) 938-0662
Source:
Statenislandhomelistings
Added: Jan 2
Changed: Sep 2
Last Checked: Sep 1 at 8:01PM
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 Revolution Realty Group
Investment Insights
Based on property information with market context.
This detached duplex includes two residential units, each with three bedrooms. The upper-level residence was renovated and includes a kitchen integrated with the living area, along with access to an updated attic that adds usable space. The property was renovated in 2018 and has separate boilers and hot water tanks for the two units.
The first-floor unit is occupied and will convey as-is with tenants in place. It includes three bedrooms and access to the yard. A full unfinished basement provides additional storage or utility space.
The first-floor unit is occupied and will convey as-is with tenants in place. It includes three bedrooms and access to the yard. A full unfinished basement provides additional storage or utility space.
Key Highlights
- Detached two‑family property with two three‑bedroom units
- Upper‑level unit includes a modern kitchen and living room combination
- Updated attic provides additional usable space
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
$35,089
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
6.39%
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%
$701,780
$701.8K
Cap Rate 7%
$501,271
$501.3K
Cap Rate 9%
$389,878
$389.9K
Market Conditions
NOI Build-Up for 1,411 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
$52.5K $37.20/SF
− Vacancy
−$2.4K −$1.67/SF
EGI
$50.1K $35.53/SF
− OpEx
−$15.0K −$10.66/SF
NOI
$35.1K $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%
$701,780
Cap Rate 7%
$501,271
Cap Rate 9%
$389,878
Alternative Uses
Best Use
Multifamily LT 5
$501.3K
$438.6K – $584.8K
NOI $35,089 @ 7.0% cap · market cap 6.39%
Second Best
Apartment 5plus
$447.0K
$391.1K – $521.5K
NOI $31,290 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$673.3K
$589.1K – $785.5K
NOI $47,128 @ 7.0% cap · market cap 8.58%
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
1,277
Businesses Nearby
Explore this area
Business Placement
Demographics for 10302, NY
20,931
Population
6,927
Households
3
Avg Household Size
35
Median Age
29%
College-Educated
85%
High-School Grad
1.2 sq mi
ZIP Area
17,443
Density / Sq Mi
$76,089
Median Household Income
$43,608
Median Earnings
$1,800
Median Rent
$586,300
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 - Separate boilers and hot water tanks provide independent utility systems for the two residential units.
Where is this duplex located?
The property is located at 102 Maple Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Detached two‑family property with two three‑bedroom units; Upper‑level unit includes a modern kitchen and living room combination; Updated attic provides additional usable space
