Two-Family High Ranch
For Sale
$1,299,000
Pending
127 Madsen Ave, Staten Island, NY 10309
Renovated two-family home with a large, fenced outdoor yard, pool, and covered balcony for flexible living or rental use.
Property Size3,250 SF
Lot Size0.11 Acres
Days on Market70
Property Features for 127 Madsen Ave
General Information
Standard status
Pending
Size
3,250 SF
Total Parking Spaces
9
Lot size
0.11 Acres
Property subtype
Multi Family
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,023
Building Details
Building Size
3,250 SF
Year Built
1985
Stories
2
Tenancy
Multi
Listing Agency:
Real Broker, LLC
(347) 312-3458
Listed By:
Joseph Ranola
(347) 312-3458
Source:
Elliman
Added: Jun 13
Changed: Aug 17
Last Checked: Aug 21 at 9:47AM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
127 Madsen Ave is a detached two-family high ranch built in 1985 and recently fully renovated. The second-floor main residence offers four bedrooms and two full bathrooms, along with a granite kitchen, a separate dining room, and hardwood floors throughout. A master bedroom with its own bath adds convenience, and a covered balcony at the rear connects to a staircase down to the yard. The ground floor includes a two-bedroom rental apartment.
The property sits on a 40 by 125 lot with a one-car garage and a very oversized driveway that provides space for additional parking. Outdoor living is a highlight, with a fenced perimeter and dedicated patio space, plus a pool and outdoor kitchen designed for day-to-day use. Nearby access includes quick routes to the Outerbridge and Page Avenue, with Staten Island University Hospital South Campus located under two miles.
This configuration fits buyers seeking a well-appointed owner-occupied layout with a separate income unit. With a four-bedroom main home paired with an independent two-bedroom apartment, the property offers practical flexibility for multigenerational living, rental occupancy, or managing tenant separation across two floors, supported by substantial outdoor space.
The property sits on a 40 by 125 lot with a one-car garage and a very oversized driveway that provides space for additional parking. Outdoor living is a highlight, with a fenced perimeter and dedicated patio space, plus a pool and outdoor kitchen designed for day-to-day use. Nearby access includes quick routes to the Outerbridge and Page Avenue, with Staten Island University Hospital South Campus located under two miles.
This configuration fits buyers seeking a well-appointed owner-occupied layout with a separate income unit. With a four-bedroom main home paired with an independent two-bedroom apartment, the property offers practical flexibility for multigenerational living, rental occupancy, or managing tenant separation across two floors, supported by substantial outdoor space.
Key Highlights
- 1985‑built renovated 2‑family detached high ranch on a 40 x 125 lot
- Second‑floor main residence features 4 bedrooms, 2 full bathrooms, granite kitchen, separate dining room, and hardwood floors
- Main bedroom includes its own bath; covered rear balcony with stairs down to the yard
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
$80,822
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
6.22%
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%
$1,616,440
$1.6M
Cap Rate 7%
$1,154,600
$1.2M
Cap Rate 9%
$898,022
$898.0K
Market Conditions
NOI Build-Up for 3,250 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
$120.9K $37.20/SF
− Vacancy
−$5.4K −$1.67/SF
EGI
$115.5K $35.53/SF
− OpEx
−$34.6K −$10.66/SF
NOI
$80.8K $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%
$1,616,440
Cap Rate 7%
$1,154,600
Cap Rate 9%
$898,022
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.01M – $1.35M
NOI $80,822 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$1.03M
$900.9K – $1.20M
NOI $72,072 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,551 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
930
Businesses Nearby
Explore this area
Business Placement
Demographics for 10309, NY
33,523
Population
12,770
Households
2.6
Avg Household Size
41
Median Age
40%
College-Educated
92%
High-School Grad
7.3 sq mi
ZIP Area
4,592
Density / Sq Mi
$123,638
Median Household Income
$67,348
Median Earnings
$1,907
Median Rent
$745,500
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 - Renovated two-family home with a large, fenced outdoor yard, pool, and covered balcony for flexible living or rental use.
Where is this duplex located?
The property is located at 127 Madsen Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: 1985‑built renovated 2‑family detached high ranch on a 40 x 125 lot; Second‑floor main residence features 4 bedrooms, 2 full bathrooms, granite kitchen, separate dining room, and hardwood floors; Main bedroom includes its own bath; covered rear balcony with stairs down to the yard
