Spacious Two-Family Home For
For Sale
$770,000
Pending
63 Arden Ave, Staten Island, NY 10312
Two-family home with rental income potential, convenient location.
Property Size1,940 SF
Days on Market102
Property Features for 63 Arden Ave
General Information
Standard status
Pending
Size
1,940 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$6,946
Building Details
Building Size
1,940 SF
Year Built
2000
Stories
3
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Hui (Sam) Chen · License #10401332252
(917) 708-9966
Source:
Elliman
Added: May 16
Changed: Aug 23
Last Checked: Aug 24 at 10:11AM
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 Tiger Realty
Investment Insights
Based on property information with market context.
This two-family home features a main unit with 3 bedrooms and 2.5 baths, along with a studio apartment that includes 1 full bath. The property is suitable for generating rental income. It offers functional layouts and generous living space. The Home Owners Association fees are $150 per month. A solar panel lease is in place with approximately 18 years remaining. The property is located near shopping, schools, transportation, and local amenities. Separate boilers, electric meters, and gas meters are installed. The property size is 1940 square feet.
Key Highlights
- Two‑family home featuring a 3‑bedroom main unit plus a studio apartment perfect for rental income.
- Low HOA fees of only $150/month.
- Convenient location near shopping, schools, transportation, and local amenities.
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
$47,939
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
6.23%
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%
$958,780
$958.8K
Cap Rate 7%
$684,843
$684.8K
Cap Rate 9%
$532,656
$532.7K
Market Conditions
NOI Build-Up for 1,940 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
$74.5K $38.40/SF
− Vacancy
−$6.0K −$3.10/SF
EGI
$68.5K $35.30/SF
− OpEx
−$20.5K −$10.59/SF
NOI
$47.9K $24.71/SF
Area
ZIP 10312
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%
$958,780
Cap Rate 7%
$684,843
Cap Rate 9%
$532,656
Alternative Uses
Best Use
Multifamily LT 5
$684.8K
$599.2K – $799.0K
NOI $47,939 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$602.5K
$527.2K – $702.9K
NOI $42,176 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$925.7K
$810.0K – $1.08M
NOI $64,796 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
Explore this area
Business Placement
Demographics for 10312, NY
61,642
Population
22,547
Households
2.7
Avg Household Size
43
Median Age
41%
College-Educated
92%
High-School Grad
6.9 sq mi
ZIP Area
8,934
Density / Sq Mi
$111,434
Median Household Income
$62,700
Median Earnings
$1,911
Median Rent
$698,900
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 - Two-family home with rental income potential, convenient location.
Where is this duplex located?
The property is located at 63 Arden Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $770,000.
What are key features of this property?
This property features: Two‑family home featuring a 3‑bedroom main unit plus a studio apartment perfect for rental income.; Low HOA fees of only $150/month.; Convenient location near shopping, schools, transportation, and local amenities.
