Newly Built Two-Family
For Sale
$1,475,000
109 Yetman Ave, Staten Island, NY 10307
Two residential units provide private outdoor areas, finished bonus space, and separate electric metering.
Property Size2,455 SF
Price / SF$600.81
Days on Market75
Property Features for 109 Yetman Ave
General Information
Standard status
Active
Size
2,455 SF
Property subtype
Multi-Family
Additional Details
Gross Income
$91,200
Public Transit
Yes
Multifamily Units
2
Building Details
Year Built
2022
Buildings
1
Listing Agency:
Toscana Property LLC
Listed By:
Kinderlyn Romhin · License #10401395664
(347) 751-7604
Source:
Statenislandhomelistings
Added: Jul 9
Changed: Sep 9
Last Checked: Sep 21 at 7:21AM
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 Toscana Property LLC
Investment Insights
Based on property information with market context.
Completed in 2022, this detached two-family duplex contains approximately 2,455 square feet and offers two three-bedroom residences. Each unit includes an open living and dining arrangement, an eat-in kitchen, two full bathrooms, a primary bedroom with en-suite bath, and washer and dryer hookups. Separate electric meters support independent utility responsibility for each household.
The first-floor residence adds a private deck, backyard access, and a finished basement with its own entrance, three-quarter bathroom, laundry room, utility room, and additional living area. Upstairs, the second unit includes a private deck and access to a finished attic for added storage or flexible use. The property is zoned R3A and is situated near shopping, schools, and public transportation.
The first-floor residence adds a private deck, backyard access, and a finished basement with its own entrance, three-quarter bathroom, laundry room, utility room, and additional living area. Upstairs, the second unit includes a private deck and access to a finished attic for added storage or flexible use. The property is zoned R3A and is situated near shopping, schools, and public transportation.
Key Highlights
- Detached two‑family duplex completed in 2022
- Approximately 2,455 square feet with two three‑bedroom units
- Each residence includes two full bathrooms and a primary en‑suite bath
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
$61,051
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
4.14%
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%
$1,221,020
$1.2M
Cap Rate 7%
$872,157
$872.2K
Cap Rate 9%
$678,344
$678.3K
Market Conditions
NOI Build-Up for 2,455 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
$91.3K $37.20/SF
− Vacancy
−$4.1K −$1.67/SF
EGI
$87.2K $35.53/SF
− OpEx
−$26.2K −$10.66/SF
NOI
$61.1K $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%
$1,221,020
Cap Rate 7%
$872,157
Cap Rate 9%
$678,344
Alternative Uses
Best Use
Multifamily LT 5
$872.2K
$763.1K – $1.02M
NOI $61,051 @ 7.0% cap · market cap 4.14%
Second Best
Apartment 5plus
$777.7K
$680.5K – $907.4K
NOI $54,442 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$1.17M
$1.02M – $1.37M
NOI $81,998 @ 7.0% cap · market cap 5.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
704
Businesses Nearby
Explore this area
Business Placement
Demographics for 10307, NY
14,129
Population
5,390
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
90%
High-School Grad
1.6 sq mi
ZIP Area
8,831
Density / Sq Mi
$138,807
Median Household Income
$74,211
Median Earnings
$1,618
Median Rent
$799,100
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units provide private outdoor areas, finished bonus space, and separate electric metering.
Where is this duplex located?
The property is located at 109 Yetman Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: Detached two‑family duplex completed in 2022; Approximately 2,455 square feet with two three‑bedroom units; Each residence includes two full bathrooms and a primary en‑suite bath
