Three-Level Duplex with
For Sale
$599,000
14 Ibsen Avenue, Staten Island, NY 10312
Residential, Duplex, Staten Island, NY
Property Size1,222 SF
Lot Size0.03 Acres
Price / SF$490.18
Days on Market54
Property Features for 14 Ibsen Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-1
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1
Parking features
Carport, Garage
Interior features
A/C Unit, Dishwasher, Dryer, Laundry Area, Microwave, Refrigerator, Stove, Washer
Basement
Finished, Full
Subdivision
Arden Heights
Standard status
Active
Size
1,222 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
5371
Building Details
Year built
1988
Floors in Building
3
Flooring type
Hardwood, Tile
Architectural style
Other
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Jason Zhou · License #JZ1320
(347) 988-5318
Added: Aug 9
Changed: Sep 16
Last Checked: Oct 1 at 5:06PM
MLS# 503651
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 three-level duplex contains 1,222 square feet and was built in 1988. The primary living floor includes a living room, dining area, and eat-in kitchen with sliding-door access to a private backyard. Three bedrooms and a full bathroom are located upstairs, while the lower level adds finished space that can serve as a family room, recreation area, office, or storage. A laundry and utility area are also included.
Outdoor and parking features include a front balcony, built-in garage, private driveway, and carport. Interior amenities include an A/C unit, dishwasher, microwave, refrigerator, stove, washer, and dryer, with hardwood and tile flooring. The property is zoned R3-1 and carries no HOA fees.
Outdoor and parking features include a front balcony, built-in garage, private driveway, and carport. Interior amenities include an A/C unit, dishwasher, microwave, refrigerator, stove, washer, and dryer, with hardwood and tile flooring. The property is zoned R3-1 and carries no HOA fees.
Key Highlights
- 1,222‑square‑foot duplex on three levels, built in 1988
- Three bedrooms with finished lower‑level space and laundry/utility area
- Private backyard plus front balcony
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
$30,197
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
5.04%
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%
$603,940
$603.9K
Cap Rate 7%
$431,386
$431.4K
Cap Rate 9%
$335,522
$335.5K
Market Conditions
NOI Build-Up for 1,222 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
$46.9K $38.40/SF
− Vacancy
−$3.8K −$3.10/SF
EGI
$43.1K $35.30/SF
− OpEx
−$12.9K −$10.59/SF
NOI
$30.2K $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%
$603,940
Cap Rate 7%
$431,386
Cap Rate 9%
$335,522
Alternative Uses
Best Use
Multifamily LT 5
$431.4K
$377.5K – $503.3K
NOI $30,197 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$379.5K
$332.1K – $442.8K
NOI $26,567 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$583.1K
$510.2K – $680.3K
NOI $40,815 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
363
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
Check the figures for this property
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 - Residential income property with finished lower-level space, private parking, and no HOA fees.
Where is this duplex located?
The property is located at 14 Ibsen Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 1,222‑square‑foot duplex on three levels, built in 1988; Three bedrooms with finished lower‑level space and laundry/utility area; Private backyard plus front balcony
