Duplex with Two-Car
For Sale
$999,000
Pending
126 Greencroft Ave, Staten Island, NY 10308
Two residential units offer distinct living areas, basement access, a backyard, and off-street parking.
Property Size2,448 SF
Days on Market145
Property Features for 126 Greencroft Ave
General Information
Standard status
Pending
Size
2,448 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
3BR, 2BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Building Details
Year Built
1965
Buildings
1
Listing Agency:
DiTommaso Real Estate
Listed By:
Joann Impellizine
(718) 689-2611
Source:
Statenislandhomelistings
Added: Apr 12
Changed: Sep 1
Last Checked: Sep 2 at 6:45PM
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 DiTommaso Real Estate
Investment Insights
Based on property information with market context.
This duplex, built in 1965, contains two residential units with separate living arrangements. The first-floor residence includes three bedrooms, living and dining areas, a bay window, basement access, and a rear exit to the backyard. Upstairs, the two-bedroom unit provides a living room with bay window, a large dining room, eat-in kitchen, and full bathroom.
A two-car driveway provides off-street parking. The property is located at 126 Greencroft Ave in Staten Island’s Great Kills section, near shopping, restaurants, transportation, parks, Great Kills Harbor, and Gateway National Recreation Area.
A two-car driveway provides off-street parking. The property is located at 126 Greencroft Ave in Staten Island’s Great Kills section, near shopping, restaurants, transportation, parks, Great Kills Harbor, and Gateway National Recreation Area.
Key Highlights
- Two‑unit duplex at 126 Greencroft Ave, Staten Island, NY 10308
- First‑floor unit includes 3 bedrooms and access to a large basement
- Second‑floor unit offers 2 bedrooms, large dining room, and eat‑in kitchen
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
$60,877
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
6.09%
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%
$1,217,540
$1.2M
Cap Rate 7%
$869,671
$869.7K
Cap Rate 9%
$676,411
$676.4K
Market Conditions
NOI Build-Up for 2,448 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
$91.1K $37.20/SF
− Vacancy
−$4.1K −$1.67/SF
EGI
$87.0K $35.53/SF
− OpEx
−$26.1K −$10.66/SF
NOI
$60.9K $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%
$1,217,540
Cap Rate 7%
$869,671
Cap Rate 9%
$676,411
Alternative Uses
Best Use
Multifamily LT 5
$869.7K
$761.0K – $1.01M
NOI $60,877 @ 7.0% cap · market cap 6.09%
Second Best
Apartment 5plus
$775.5K
$678.6K – $904.8K
NOI $54,287 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,764 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
437
Businesses Nearby
Explore this area
Business Placement
Demographics for 10308, NY
28,198
Population
11,093
Households
2.5
Avg Household Size
44
Median Age
40%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
12,817
Density / Sq Mi
$122,654
Median Household Income
$67,149
Median Earnings
$1,729
Median Rent
$648,800
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 - Two residential units offer distinct living areas, basement access, a backyard, and off-street parking.
Where is this duplex located?
The property is located at 126 Greencroft Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Two‑unit duplex at 126 Greencroft Ave, Staten Island, NY 10308; First‑floor unit includes 3 bedrooms and access to a large basement; Second‑floor unit offers 2 bedrooms, large dining room, and eat‑in kitchen
