New Staten Island Two-Family
For Sale
$985,000
Pending
75 Brewster St, Staten Island, NY 10304
Newly constructed two-family home in a desirable Staten Island location.
Property Size2,246 SF
Lot Size0.09 Acres
Days on Market155
Property Features for 75 Brewster St
General Information
Standard status
Pending
Size
2,246 SF
Lot size
0.09 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$9,854
Building Details
Building Size
2,246 SF
Year Built
2017
Listing Agency:
Amerihomes Realty of NY, Inc
(718) 891-2626
Listed By:
Ru Zhen (Jack) Zhao
(718) 891-2626
Source:
Elliman
Added: Mar 24
Changed: Aug 24
Last Checked: Aug 24 at 8:02AM
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 Amerihomes Realty of NY, Inc
Investment Insights
Based on property information with market context.
This newly constructed two-family residence offers modern design and functionality in a desirable Staten Island location. The property features a 6-over-6 layout, with two units designed for space, comfort, and versatility. The first-floor residence includes three bedrooms and three full bathrooms. The upper unit mirrors this spacious layout, featuring three bedrooms and two full bathrooms. A fully finished basement with a separate entrance provides additional space suitable for recreation or a home office. The property also includes a private driveway and a built-in garage, offering convenience. Located near shopping, dining, schools, and transportation, this home balances suburban comfort and accessibility. This property presents an opportunity to own a new, income-producing property in a sought-after neighborhood.
Key Highlights
- Newly constructed two‑family residence (built in 2017) in a desirable Staten Island location.
- Income‑producing property with a 6‑over‑6 layout featuring two spacious units.
- First‑floor unit boasts 3 bedrooms and 3 full bathrooms; Upper unit has 3 bedrooms and 2 full bathrooms.
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
$55,500
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
5.63%
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%
$1,110,000
$1.1M
Cap Rate 7%
$792,857
$792.9K
Cap Rate 9%
$616,667
$616.7K
Market Conditions
NOI Build-Up for 2,246 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
$86.2K $38.40/SF
− Vacancy
−$7.0K −$3.10/SF
EGI
$79.3K $35.30/SF
− OpEx
−$23.8K −$10.59/SF
NOI
$55.5K $24.71/SF
Area
ZIP 10304
Vacancy
8.07%
Lease Rate
$38.40 /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%
$1,110,000
Cap Rate 7%
$792,857
Cap Rate 9%
$616,667
Alternative Uses
Best Use
Multifamily LT 5
$792.9K
$693.8K – $925.0K
NOI $55,500 @ 7.0% cap · market cap 5.63%
Second Best
Apartment 5plus
$726.6K
$635.8K – $847.7K
NOI $50,863 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$1.07M
$937.7K – $1.25M
NOI $75,017 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,750
Businesses Nearby
Explore this area
Business Placement
Demographics for 10304, NY
46,944
Population
17,524
Households
2.7
Avg Household Size
38
Median Age
31%
College-Educated
84%
High-School Grad
3.5 sq mi
ZIP Area
13,413
Density / Sq Mi
$71,506
Median Household Income
$41,752
Median Earnings
$1,516
Median Rent
$659,900
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 - Newly constructed two-family home in a desirable Staten Island location.
Where is this duplex located?
The property is located at 75 Brewster St Staten Island, NY.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: Newly constructed two‑family residence (built in 2017) in a desirable Staten Island location.; Income‑producing property with a 6‑over‑6 layout featuring two spacious units.; First‑floor unit boasts 3 bedrooms and 3 full bathrooms; Upper unit has 3 bedrooms and 2 full bathrooms.
