Duplex Home with
New
For Sale
$819,000
139 Whitman Ave, Staten Island, NY 10308
Two-level residence with a studio apartment, garage, deck, private pool, and stainless steel kitchen appliances.
Property Size1,320 SF
Days on Market6
Property Features for 139 Whitman Ave
General Information
Standard status
Active
Size
1,320 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,351
Amenities
pool
Building Details
Building Size
1,320 SF
Year Built
2005
Stories
2
Listing Agency:
Tiger Realty
Listed By:
Yan Jin (Eva) Ye · License #YJY2488
(917) 708-9966
Source:
Elliman
Added: Sep 11
Changed: Sep 13
Last Checked: Sep 15 at 6:03AM
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.
Built in 2005, this duplex includes a main residence with an entry foyer, living and dining areas, a half bath with laundry closet, and an eat-in kitchen featuring stainless steel appliances, ceramic tile flooring, and deck access. The upper level contains a primary bedroom, two additional bedrooms, a full tiled bath, and attic storage. Oak hardwood flooring extends throughout the home, while central air was installed 4 years ago and the hot water heater is 1 year old.
The first level also provides a studio apartment, a 1-car garage, and a long driveway. Outdoor features include a large yard and pool on a 150-foot-deep lot. The property is located at 139 Whitman Ave in Staten Island, near the marina, waterfront restaurants, and transportation. WalkScore is 48, BikeScore is 41, and TransitScore is 66.
The first level also provides a studio apartment, a 1-car garage, and a long driveway. Outdoor features include a large yard and pool on a 150-foot-deep lot. The property is located at 139 Whitman Ave in Staten Island, near the marina, waterfront restaurants, and transportation. WalkScore is 48, BikeScore is 41, and TransitScore is 66.
Key Highlights
- Duplex property built in 2005
- Studio apartment with 1‑car garage and long driveway
- Large pool and yard on a 150‑foot‑deep lot
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
$32,826
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
4.01%
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%
$656,520
$656.5K
Cap Rate 7%
$468,943
$468.9K
Cap Rate 9%
$364,733
$364.7K
Market Conditions
NOI Build-Up for 1,320 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
$49.1K $37.20/SF
− Vacancy
−$2.2K −$1.67/SF
EGI
$46.9K $35.53/SF
− OpEx
−$14.1K −$10.66/SF
NOI
$32.8K $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%
$656,520
Cap Rate 7%
$468,943
Cap Rate 9%
$364,733
Alternative Uses
Best Use
Multifamily LT 5
$468.9K
$410.3K – $547.1K
NOI $32,826 @ 7.0% cap · market cap 4.01%
Second Best
Apartment 5plus
$418.2K
$365.9K – $487.9K
NOI $29,272 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$629.8K
$551.1K – $734.8K
NOI $44,088 @ 7.0% cap · market cap 5.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
958
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-level residence with a studio apartment, garage, deck, private pool, and stainless steel kitchen appliances.
Where is this duplex located?
The property is located at 139 Whitman Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $819,000.
What are key features of this property?
This property features: Duplex property built in 2005; Studio apartment with 1‑car garage and long driveway; Large pool and yard on a 150‑foot‑deep lot
