Detached Two-Family
For Sale
$850,000
109 Bush Avenue, Staten Island, NY 10303
Residential Income, Staten Island, NY
Property Size1,620 SF
Lot Size0.06 Acres
Price / SF$524.69
Days on Market8
Property Features for 109 Bush Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3A
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 1
Parking features
Off Street
Patio and Porch features
Deck
Basement
Apartment, Full
Lot features
Back Yard
Subdivision
Mariners Harbor
Standard status
Active
APN
1226-32
Size
1,620 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
3298
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Building Details
Year built
2004
Floors in Building
2
Number of units
2
Building materials
Brick, Vinyl Siding
Architectural style
Colonial
Listing Agency:
Triolo Realty Group, Inc.
(718) 844-5414
Listed By:
Linda Jabr · License #10401282759
(347) 838-1034
Added: Aug 17
Changed: Aug 21
Last Checked: Aug 24 at 6:06PM
MLS# 2604635
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.
This detached duplex contains 1,620 square feet and was built in 2004 with Colonial styling. The primary residence includes 3 bedrooms and 1.5 bathrooms, while a separate basement-level apartment provides 1 bedroom and 1 bathroom. Construction combines brick and vinyl siding, with natural-gas forced-air heat, central air conditioning, public sewer service, and a deck. Off-street parking is also available.
Located at 109 Bush Avenue in Staten Island, the property sits on a 0.0631-acre lot within the 10303 postal area. R3A zoning and the two-unit configuration define the property’s current residential income format.
Located at 109 Bush Avenue in Staten Island, the property sits on a 0.0631-acre lot within the 10303 postal area. R3A zoning and the two-unit configuration define the property’s current residential income format.
Key Highlights
- Two‑family duplex with 1,620 square feet
- Primary unit offers 3 bedrooms and 1.5 bathrooms
- Separate basement apartment has 1 bedroom and 1 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
$40,286
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
4.74%
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%
$805,720
$805.7K
Cap Rate 7%
$575,514
$575.5K
Cap Rate 9%
$447,622
$447.6K
Market Conditions
NOI Build-Up for 1,620 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
$60.3K $37.20/SF
− Vacancy
−$2.7K −$1.67/SF
EGI
$57.6K $35.53/SF
− OpEx
−$17.3K −$10.66/SF
NOI
$40.3K $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%
$805,720
Cap Rate 7%
$575,514
Cap Rate 9%
$447,622
Alternative Uses
Best Use
Multifamily LT 5
$575.5K
$503.6K – $671.4K
NOI $40,286 @ 7.0% cap · market cap 4.74%
Second Best
Apartment 5plus
$513.2K
$449.1K – $598.8K
NOI $35,925 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$773.0K
$676.4K – $901.8K
NOI $54,108 @ 7.0% cap · market cap 6.37%
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
835
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
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Frequently Asked Questions
What type of property is this?
Duplex - Brick-and-vinyl home with separate living units, off-street parking, and R3A zoning.
Where is this duplex located?
The property is located at 109 Bush Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two‑family duplex with 1,620 square feet; Primary unit offers 3 bedrooms and 1.5 bathrooms; Separate basement apartment has 1 bedroom and 1 bathroom
