Two-Family New
For Sale
$1,389,900
Pending
155 Adams Ave, Staten Island, NY 10306
Newly constructed two-family home with separate electrical metering and an open-concept living and dining layout in each unit.
Property Size2,240 SF
Days on Market35
Property Features for 155 Adams Ave
General Information
Standard status
Pending
Size
2,240 SF
Total Parking Spaces
1
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Building Details
Building Size
2,240 SF
Year Built
2026
Stories
1
Tenancy
Multi
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Shan (Rachel) Su
(917) 708-9966
Source:
Elliman
Added: Jul 21
Changed: Aug 16
Last Checked: Aug 24 at 9:54AM
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.
Newly constructed two-family property (6 over 6) offering separate electrical metering for each unit, with three electrical meters total. Both units feature three bedrooms, each including a private bath in the main bedroom, plus two additional bathrooms. Interiors include an open-concept living and dining area and a kitchen with quartz counters. The grand floor is fully finished and includes a one-car garage.
The property is located in Staten Island’s Grant City neighborhood, with close proximity to parks, the South Beach Boardwalk, shopping, restaurants, and other neighborhood amenities.
Each unit provides an independently metered configuration intended to support flexible living arrangements or income use, along with generously sized bedrooms and multiple full baths.
The property is located in Staten Island’s Grant City neighborhood, with close proximity to parks, the South Beach Boardwalk, shopping, restaurants, and other neighborhood amenities.
Each unit provides an independently metered configuration intended to support flexible living arrangements or income use, along with generously sized bedrooms and multiple full baths.
Key Highlights
- Newly built two‑family home (Year built: 2026) in the Grant City neighborhood of Staten Island
- 6‑over‑6 layout with 3‑bedroom units, each featuring a private main bedroom bath plus 2 additional bathrooms
- 3 separate electrical meters, with each unit separately metered for flexibility and efficiency
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
$56,900
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
4.09%
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%
$1,138,000
$1.1M
Cap Rate 7%
$812,857
$812.9K
Cap Rate 9%
$632,222
$632.2K
Market Conditions
NOI Build-Up for 2,240 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
$86.0K $38.40/SF
− Vacancy
−$4.7K −$2.11/SF
EGI
$81.3K $36.29/SF
− OpEx
−$24.4K −$10.89/SF
NOI
$56.9K $25.40/SF
Area
ZIP 10306
Vacancy
5.50%
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%
$1,138,000
Cap Rate 7%
$812,857
Cap Rate 9%
$632,222
Alternative Uses
Best Use
Multifamily LT 5
$812.9K
$711.3K – $948.3K
NOI $56,900 @ 7.0% cap · market cap 4.09%
Second Best
Apartment 5plus
$722.3K
$632.0K – $842.7K
NOI $50,561 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$1.07M
$935.2K – $1.25M
NOI $74,817 @ 7.0% cap · market cap 5.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,328
Businesses Nearby
Explore this area
Business Placement
Demographics for 10306, NY
57,919
Population
21,299
Households
2.7
Avg Household Size
43
Median Age
34%
College-Educated
88%
High-School Grad
7.2 sq mi
ZIP Area
8,044
Density / Sq Mi
$97,746
Median Household Income
$54,052
Median Earnings
$1,743
Median Rent
$675,400
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 with separate electrical metering and an open-concept living and dining layout in each unit.
Where is this duplex located?
The property is located at 155 Adams Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $1,389,900.
What are key features of this property?
This property features: Newly built two‑family home (Year built: 2026) in the Grant City neighborhood of Staten Island; 6‑over‑6 layout with 3‑bedroom units, each featuring a private main bedroom bath plus 2 additional bathrooms; 3 separate electrical meters, with each unit separately metered for flexibility and efficiency
