Detached Two-Family
For Sale
$1,430,000
151 Vermont Ave, Staten Island, NY 10305
Newly built 2023 detached duplex offering two 3-bedroom, 2-bath units plus a fully finished basement with separate entrance.
Property Size2,667 SF
Days on Market47
Property Features for 151 Vermont Ave
General Information
Standard status
Active
Size
2,667 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$14,265
Building Details
Building Size
2,667 SF
Year Built
2023
Stories
2
Listing Agency:
ProBase Real Estate
Listed By:
Xin Qiong (Joann) Xie
(718) 210-2727
Source:
Elliman
Added: Jul 19
Changed: Aug 28
Last Checked: Sep 1 at 10:05PM
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 ProBase Real Estate
Investment Insights
Based on property information with market context.
Newly built in 2023, this fully detached two-family home provides two residential units with matching layouts on the first and second floors. Each floor features 3 bedrooms, 2 bathrooms, a bright living room, a dining area, and a modern kitchen. The property also includes a fully finished basement with a separate entrance, offering additional flexible interior space for recreation, a home office, a gym, or storage. Outside, there is a detached garage and a private driveway for off-street parking, along with an expansive backyard.
The home is located in the Rosebank area of Staten Island, just off Exit 14, with convenient access to the Verrazzano-Narrows Bridge and Brooklyn. Daily needs and transportation options are described as minutes away along Hylan Boulevard, including shopping, restaurants, supermarkets, schools, parks, and public transportation.
The home is located in the Rosebank area of Staten Island, just off Exit 14, with convenient access to the Verrazzano-Narrows Bridge and Brooklyn. Daily needs and transportation options are described as minutes away along Hylan Boulevard, including shopping, restaurants, supermarkets, schools, parks, and public transportation.
Key Highlights
- Newly built in 2023: fully detached 2‑family home with two residential units.
- Each unit features 3 bedrooms, 2 bathrooms, a bright living room, dining area, and modern kitchen.
- Fully finished basement with a separate entrance offers flexible added space.
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
$70,023
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
4.90%
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%
$1,400,460
$1.4M
Cap Rate 7%
$1,000,329
$1.0M
Cap Rate 9%
$778,033
$778.0K
Market Conditions
NOI Build-Up for 2,667 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
$108.8K $40.80/SF
− Vacancy
−$8.8K −$3.29/SF
EGI
$100.0K $37.51/SF
− OpEx
−$30.0K −$11.25/SF
NOI
$70.0K $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%
$1,400,460
Cap Rate 7%
$1,000,329
Cap Rate 9%
$778,033
Alternative Uses
Best Use
Multifamily LT 5
$1.00M
$875.3K – $1.17M
NOI $70,023 @ 7.0% cap · market cap 4.90%
Second Best
Apartment 5plus
$920.3K
$805.3K – $1.07M
NOI $64,424 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $89,078 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
895
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
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Frequently Asked Questions
What type of property is this?
Duplex - Newly built 2023 detached duplex offering two 3-bedroom, 2-bath units plus a fully finished basement with separate entrance.
Where is this duplex located?
The property is located at 151 Vermont Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $1,430,000.
What are key features of this property?
This property features: Newly built in 2023: fully detached 2‑family home with two residential units.; Each unit features 3 bedrooms, 2 bathrooms, a bright living room, dining area, and modern kitchen.; Fully finished basement with a separate entrance offers flexible added space.
