Historic Two-Family
For Sale
Contact for pricing
Pending
145 Corson Avenue, Staten Island, NY 10301
Turn-of-the-century two-family home with private yard and walk-out basement for flexible rental or multi-generational living.
Property Size1,784 SF
Days on Market95
Property Features for 145 Corson Avenue
General Information
Standard status
Pending
Size
1,784 SF
Property subtype
Multifamily
Zoning
R3A
Additional Details
Clear Height
10 ft
Multifamily Units
2
Building Details
Year Built
1920
Stories
3
Units
2
Listing Agency:
Homes R Us Realty of NY, Inc.
(917) 279-9730
Listed By:
Ilona Fotiadou-Bludov · License #10401267672
Source:
Crexi
Added: May 29
Changed: Aug 8
Last Checked: Jul 24 at 12:33PM
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 Homes R Us Realty of NY, Inc.
Investment Insights
Based on property information with market context.
This historic turn-of-the-century colonial is configured as a two-family residence with multiple level living spaces and a practical basement setup. Unit 1 includes Level 1 with soaring 10-foot ceilings, a bedroom with an office nook/nursery, a kitchen/living room combination with door access to a deck, and a laundry room with a door to the backyard. Unit 1 also features a primary bedroom and a basement with ground-floor walk-out and a separate entrance, offering partially finished rooms, a full bath, additional storage, and a mechanical room. Unit 2 is arranged across Levels 2 and 3, with a mud room, bedroom/nursery, living room, eat-in kitchen with pantry, and a full bath on Level 2, plus two additional bedrooms on Level 3.
The property sits at the top of a high hill and includes a very private yard, providing an outdoor setting separated from the street. It is located on a quiet block near the ferry and multiple bus connections.
For buyers and investors, the layout offers distinct unit separation with separate entrance access to the walk-out basement, along with deck and backyard connections from Unit 1. The multi-level configuration can also suit owner-occupants looking to live in one portion while renting the other, depending on their preferred use of the basement space.
The property sits at the top of a high hill and includes a very private yard, providing an outdoor setting separated from the street. It is located on a quiet block near the ferry and multiple bus connections.
For buyers and investors, the layout offers distinct unit separation with separate entrance access to the walk-out basement, along with deck and backyard connections from Unit 1. The multi-level configuration can also suit owner-occupants looking to live in one portion while renting the other, depending on their preferred use of the basement space.
Key Highlights
- Turn‑of‑the‑century 2‑family home built in 1920 with a flexible layout for owner‑occupant or rental use
- Unit 1 features 10' ceilings, kitchen/living combo with deck access, plus a primary bedroom and laundry room
- Unit 1 includes a ground‑floor walk‑out basement with separate entrance, partially finished spaces, and a half bath
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
$44,365
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
5.85%
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%
$887,300
$887.3K
Cap Rate 7%
$633,786
$633.8K
Cap Rate 9%
$492,944
$492.9K
Market Conditions
NOI Build-Up for 1,784 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
$66.4K $37.20/SF
− Vacancy
−$3.0K −$1.67/SF
EGI
$63.4K $35.53/SF
− OpEx
−$19.0K −$10.66/SF
NOI
$44.4K $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%
$887,300
Cap Rate 7%
$633,786
Cap Rate 9%
$492,944
Alternative Uses
Best Use
Multifamily LT 5
$633.8K
$554.6K – $739.4K
NOI $44,365 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$565.2K
$494.5K – $659.4K
NOI $39,562 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$851.2K
$744.8K – $993.1K
NOI $59,586 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10 ft
Clear height
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,926
Businesses Nearby
Explore this area
Business Placement
Demographics for 10301, NY
41,474
Population
16,631
Households
2.5
Avg Household Size
40
Median Age
38%
College-Educated
88%
High-School Grad
3.8 sq mi
ZIP Area
10,914
Density / Sq Mi
$84,937
Median Household Income
$50,140
Median Earnings
$1,697
Median Rent
$657,000
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 - Turn-of-the-century two-family home with private yard and walk-out basement for flexible rental or multi-generational living.
Where is this duplex located?
The property is located at 145 Corson Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $759,000.
What are key features of this property?
This property features: Turn‑of‑the‑century 2‑family home built in 1920 with a flexible layout for owner‑occupant or rental use; Unit 1 features 10' ceilings, kitchen/living combo with deck access, plus a primary bedroom and laundry room; Unit 1 includes a ground‑floor walk‑out basement with separate entrance, partially finished spaces, and a half bath
