Two-Family Duplex with
New
For Sale
$819,000
139 Whitman Avenue, Staten Island, NY 10308
Residential, Staten Island, NY
Property Size1,320 SF
Lot Size0.07 Acres
Price / SF$620.45
Days on Market1
Property Features for 139 Whitman Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C3A
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 1
Parking features
Garage
Interior features
Refrigerator, Stove
Basement
Full, Finished
Subdivision
Great Kill
Standard status
Active
Size
1,320 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
6351
Amenities
pool
Building Details
Year built
2005
Floors in Building
2
Flooring type
Tile
Building materials
Brick
Roof type
Flat
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Yan Jin (Eva) Ye · License #YJY2488
(347) 388-8988
Added: Sep 9
Last Checked: Sep 9 at 3:06PM
MLS# 504381
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2005 brick duplex contains 1,320 square feet on a 0.0689-acre lot. The primary residence includes an entry foyer, living room, dining room, half bath with laundry closet, eat-in kitchen, three bedrooms, a full bath, attic storage, oak hardwood floors, and a deck. The kitchen has stainless steel appliances and ceramic tile flooring. A separate studio apartment occupies the first level, alongside a one-car garage and long driveway.
Outdoor features include a large yard and pool. The property also has central air installed 4 years ago and a hot water heater installed 1 year ago. Its C3A zoning, brick construction, flat roof, garage parking, and proximity to the marina, oceanfront restaurants, and transportation add practical context for the two-family configuration.
Outdoor features include a large yard and pool. The property also has central air installed 4 years ago and a hot water heater installed 1 year ago. Its C3A zoning, brick construction, flat roof, garage parking, and proximity to the marina, oceanfront restaurants, and transportation add practical context for the two-family configuration.
Key Highlights
- Two‑family duplex with 1,320 square feet of property size
- 0.0689‑acre lot with a large yard, pool, and deck
- Separate first‑level studio apartment
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Brick duplex with a studio apartment, garage, pool, deck, and central air in a residential setting near waterfront amenities.
Where is this duplex located?
The property is located at 139 Whitman Avenue 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: Two‑family duplex with 1,320 square feet of property size; 0.0689‑acre lot with a large yard, pool, and deck; Separate first‑level studio apartment
