Maintained Duplex
For Sale
$679,000
133 Corbin Ave, Staten Island, NY 10308
Updated interiors, hardwood flooring, ample storage, and a private backyard support comfortable residential use.
Property Size1,360 SF
Price / SF$499.26
Days on Market114
Property Features for 133 Corbin Ave
General Information
Standard status
Active
Size
1,360 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/1.5BA
Multifamily Units
1
Additional Details
Road Access
Yes
Amenities
updated kitchen
hardwood floors
generous storage
private backyard
Building Details
Year Built
1975
Listing Agency:
Prime Time Real Estate, Inc.
Listed By:
LeeAnn Vecchione
Source:
Statenislandhomelistings
Added: May 14
Changed: Sep 2
Last Checked: Sep 4 at 7:45AM
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 Prime Time Real Estate, Inc.
Investment Insights
Based on property information with market context.
This duplex property includes a 1,360-square-foot, 3-bedroom, 1.5-bath home built in 1975. The interior features an updated kitchen, hardwood flooring, a bright layout, and generous storage. A private backyard extends the usable space and provides an outdoor area for gatherings.
The property is located at 133 Corbin Ave in Staten Island, near shopping, dining, schools, parks, and transportation. Its maintained condition and combination of interior updates, practical storage, and private outdoor space provide a well-kept residential setting.
The property is located at 133 Corbin Ave in Staten Island, near shopping, dining, schools, parks, and transportation. Its maintained condition and combination of interior updates, practical storage, and private outdoor space provide a well-kept residential setting.
Key Highlights
- 3‑bedroom, 1.5‑bath home within a duplex property
- 1,360 square feet of interior space
- Updated kitchen and hardwood flooring
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
$33,821
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
4.98%
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%
$676,420
$676.4K
Cap Rate 7%
$483,157
$483.2K
Cap Rate 9%
$375,789
$375.8K
Market Conditions
NOI Build-Up for 1,360 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
$50.6K $37.20/SF
− Vacancy
−$2.3K −$1.67/SF
EGI
$48.3K $35.53/SF
− OpEx
−$14.5K −$10.66/SF
NOI
$33.8K $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%
$676,420
Cap Rate 7%
$483,157
Cap Rate 9%
$375,789
Alternative Uses
Best Use
Multifamily LT 5
$483.2K
$422.8K – $563.7K
NOI $33,821 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$430.8K
$377.0K – $502.7K
NOI $30,159 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$648.9K
$567.8K – $757.1K
NOI $45,424 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
407
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 - Updated interiors, hardwood flooring, ample storage, and a private backyard support comfortable residential use.
Where is this duplex located?
The property is located at 133 Corbin Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: 3‑bedroom, 1.5‑bath home within a duplex property; 1,360 square feet of interior space; Updated kitchen and hardwood flooring
