Renovated Two-Family Home with
For Sale
$1,260,000
Pending
365 Liberty Ave, Staten Island, NY 10305
Renovated two-family home in Midland Beach with ample parking.
Property Size1,870 SF
Lot Size0.15 Acres
Days on Market122
Property Features for 365 Liberty Ave
General Information
Standard status
Pending
Size
1,870 SF
Lot size
0.15 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$7,113
Building Details
Building Size
1,870 SF
Year Built
1945
Stories
2
Listing Agency:
REMAX EDGE
(718) 612-3088
Listed By:
Jason Zhou · License #10301217017
(718) 612-3088
Source:
Elliman
Added: Apr 27
Changed: Aug 13
Last Checked: Aug 25 at 10:47AM
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 REMAX EDGE
Investment Insights
Based on property information with market context.
Located in the Midland Beach area of Staten Island, 365 Liberty Avenue is a renovated two-family detached brick home. The property is situated on an oversized 65x100 lot, offering over 6,500 sqft of land. A private driveway accommodates parking for 6+ cars, and a detached 3-car garage is included. The main unit features 3 bedrooms and 2 full baths, a sun-filled living room, a modern kitchen with marble countertops and stainless-steel appliances, and hardwood/tile flooring. The second unit has 2 bedrooms and 1 bath with a separate entrance. A fully finished basement includes a private side entrance. Updated plumbing, electric, and HVAC systems are in place. The property includes a large backyard. The property is located near the Verrazzano Bridge, Hylan Blvd shopping, express buses, and schools. The property is described as move-in ready.
Key Highlights
- Desirable Midland Beach location, minutes from Verrazzano Bridge, Hylan Blvd shopping, express buses, and schools.
- Detached 2‑family brick home, move‑in ready and renovated.**
- Oversized 65x100 lot (over 6,500 sqft) with large backyard.**
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
$49,097
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
3.90%
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%
$981,940
$981.9K
Cap Rate 7%
$701,386
$701.4K
Cap Rate 9%
$545,522
$545.5K
Market Conditions
NOI Build-Up for 1,870 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
$76.3K $40.80/SF
− Vacancy
−$6.2K −$3.29/SF
EGI
$70.1K $37.51/SF
− OpEx
−$21.0K −$11.25/SF
NOI
$49.1K $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 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%
$981,940
Cap Rate 7%
$701,386
Cap Rate 9%
$545,522
Alternative Uses
Best Use
Multifamily LT 5
$701.4K
$613.7K – $818.3K
NOI $49,097 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$645.3K
$564.7K – $752.9K
NOI $45,172 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$892.3K
$780.7K – $1.04M
NOI $62,458 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,372
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Renovated two-family home in Midland Beach with ample parking.
Where is this duplex located?
The property is located at 365 Liberty Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $1,260,000.
What are key features of this property?
This property features: Desirable Midland Beach location, minutes from Verrazzano Bridge, Hylan Blvd shopping, express buses, and schools.; Detached 2‑family brick home, move‑in ready and renovated.**; Oversized 65x100 lot (over 6,500 sqft) with large backyard.**
