Luxury Two-Family
For Sale
Contact for pricing
131 Hopping Avenue, Staten Island, NY 10307
Two-unit home with a finished basement, heated floors, and multiple outdoor entertaining amenities including a pool and deck.
Property Size4,704 SF
Price / SF$414.54
Days on Market36
Property Features for 131 Hopping Avenue
General Information
Standard status
Active
Size
4,704 SF
Total Parking Spaces
2
Property subtype
Multifamily
Additional Details
Highway Access
Yes
Multifamily Units
2
Amenities
radiant heated floors
fireplace
deck
salt water pool
outdoor kitchen
bocce ball court
home gym
wine rack
Building Details
Year Built
1988
Listing Agency:
Toscana Property LLC
(347) 538-1886
Listed By:
Nicole Daragjati · License #10401369727
Source:
Crexi
Added: Jul 3
Changed: Jul 23
Last Checked: Aug 7 at 9:43AM
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 Toscana Property LLC
Investment Insights
Based on property information with market context.
Luxury two-family residence offering two distinct units and substantial interior living space. The first floor includes radiant heated floors, formal living and dining rooms, and an eat-in kitchen with stainless steel appliances and granite countertops. Additional highlights include a half bath and laundry area, plus a large sunken family room with a marble-surround fireplace and French doors leading to an expansive deck. Upstairs, there are four bedrooms and a full bath with a skylight, including a primary suite with a private en-suite and two closets. The bedroom adjacent to the primary is currently configured as a walk-in closet with an island. A fully finished basement adds versatile space with custom cabinetry, a wine rack under the stairs, a home gym, and additional rooms with a living area, kitchenette, and a fireplace.
The second unit features an eat-in kitchen, a spacious living room, and one bedroom, with a bathroom finished with a massive walk-in shower and tub, glass doors, a double vanity, and tile.
Outside, the property is designed for year-round entertaining with a pavered driveway, two-car garage, and a backyard that includes a bocce ball court, a glass-enclosed in-ground salt water pool, and a covered outdoor kitchen with a granite bar, BBQ, mini fridge, and storage. Located in Tottenville, the home is close to public transportation, schools, shops, and restaurants, and is minutes from the Outerbridge to New Jersey and the expressway to Brooklyn and Manhattan.
The second unit features an eat-in kitchen, a spacious living room, and one bedroom, with a bathroom finished with a massive walk-in shower and tub, glass doors, a double vanity, and tile.
Outside, the property is designed for year-round entertaining with a pavered driveway, two-car garage, and a backyard that includes a bocce ball court, a glass-enclosed in-ground salt water pool, and a covered outdoor kitchen with a granite bar, BBQ, mini fridge, and storage. Located in Tottenville, the home is close to public transportation, schools, shops, and restaurants, and is minutes from the Outerbridge to New Jersey and the expressway to Brooklyn and Manhattan.
Key Highlights
- Two‑family home built in 1988 with a fully finished basement and multiple indoor living areas
- Radiant heated floors, moldings, formal living and dining rooms, plus an eat‑in kitchen with stainless steel appliances and granite countertops
- Sunken family room with a marble‑surround fireplace and French doors to an expansive deck with water view
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
$116,980
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
6.00%
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%
$2,339,600
$2.3M
Cap Rate 7%
$1,671,143
$1.7M
Cap Rate 9%
$1,299,778
$1.3M
Market Conditions
NOI Build-Up for 4,704 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
$175.0K $37.20/SF
− Vacancy
−$7.9K −$1.67/SF
EGI
$167.1K $35.53/SF
− OpEx
−$50.1K −$10.66/SF
NOI
$117.0K $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%
$2,339,600
Cap Rate 7%
$1,671,143
Cap Rate 9%
$1,299,778
Alternative Uses
Best Use
Multifamily LT 5
$1.67M
$1.46M – $1.95M
NOI $116,980 @ 7.0% cap · market cap 6.00%
Second Best
Apartment 5plus
$1.49M
$1.30M – $1.74M
NOI $104,316 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$2.24M
$1.96M – $2.62M
NOI $157,115 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
530
Businesses Nearby
Explore this area
Business Placement
Demographics for 10307, NY
14,129
Population
5,390
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
90%
High-School Grad
1.6 sq mi
ZIP Area
8,831
Density / Sq Mi
$138,807
Median Household Income
$74,211
Median Earnings
$1,618
Median Rent
$799,100
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-unit home with a finished basement, heated floors, and multiple outdoor entertaining amenities including a pool and deck.
Where is this duplex located?
The property is located at 131 Hopping Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Two‑family home built in 1988 with a fully finished basement and multiple indoor living areas; Radiant heated floors, moldings, formal living and dining rooms, plus an eat‑in kitchen with stainless steel appliances and granite countertops; Sunken family room with a marble‑surround fireplace and French doors to an expansive deck with water view
