Brick Duplex with Heated
For Sale
$1,100,000
163 Bennett Ave, Staten Island, NY 10312
Well-maintained brick duplex offering flexible single-family use, garage parking, and a private outdoor recreation area.
Property Size2,282 SF
Days on Market10
Property Features for 163 Bennett Ave
General Information
Standard status
Active
Size
2,282 SF
Total Parking Spaces
5
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,018
Amenities
heated built-in pool
Building Details
Building Size
2,282 SF
Year Built
1960
Buildings
1
Stories
2
Construction
Brick Cape
Listing Agency:
COMPASS REALTY CENTRAL INC
(718) 232-6400
Listed By:
Joseph Fuda
(718) 232-6400
Source:
Elliman
Added: Aug 5
Changed: Aug 6
Last Checked: Aug 14 at 8:18AM
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 COMPASS REALTY CENTRAL INC
Investment Insights
Based on property information with market context.
Built in 1960, this well-maintained brick duplex is currently configured for single-family living. The property includes five bedrooms, two baths, a two-car garage, and additional parking for three cars. Its Cape-style design provides a substantial residential layout while retaining two-family classification.
Outdoor features include a park-like backyard with a heated built-in pool, creating a dedicated setting for recreation and entertaining. The property is located at 163 Bennett Ave in Staten Island, NY 10312. Walk Score is 71, Bike Score is 52, and Transit Score is 60.
Outdoor features include a park-like backyard with a heated built-in pool, creating a dedicated setting for recreation and entertaining. The property is located at 163 Bennett Ave in Staten Island, NY 10312. Walk Score is 71, Bike Score is 52, and Transit Score is 60.
Key Highlights
- Two‑family brick Cape currently used as a single‑family residence
- Five bedrooms and two baths
- Two‑car garage plus parking for 3 cars
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
$56,390
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
5.13%
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%
$1,127,800
$1.1M
Cap Rate 7%
$805,571
$805.6K
Cap Rate 9%
$626,556
$626.6K
Market Conditions
NOI Build-Up for 2,282 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
$87.6K $38.40/SF
− Vacancy
−$7.1K −$3.10/SF
EGI
$80.6K $35.30/SF
− OpEx
−$24.2K −$10.59/SF
NOI
$56.4K $24.71/SF
Area
ZIP 10312
Vacancy
8.07%
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%
$1,127,800
Cap Rate 7%
$805,571
Cap Rate 9%
$626,556
Alternative Uses
Best Use
Multifamily LT 5
$805.6K
$704.9K – $939.8K
NOI $56,390 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$708.7K
$620.2K – $826.9K
NOI $49,612 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$1.09M
$952.7K – $1.27M
NOI $76,219 @ 7.0% cap · market cap 6.93%
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
477
Businesses Nearby
Explore this area
Business Placement
Demographics for 10312, NY
61,642
Population
22,547
Households
2.7
Avg Household Size
43
Median Age
41%
College-Educated
92%
High-School Grad
6.9 sq mi
ZIP Area
8,934
Density / Sq Mi
$111,434
Median Household Income
$62,700
Median Earnings
$1,911
Median Rent
$698,900
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 - Well-maintained brick duplex offering flexible single-family use, garage parking, and a private outdoor recreation area.
Where is this duplex located?
The property is located at 163 Bennett Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two‑family brick Cape currently used as a single‑family residence; Five bedrooms and two baths; Two‑car garage plus parking for 3 cars
