Historic Colonial Duplex with Walk-Out
For Sale
$759,000
Pending
145 Corson Avenue, Staten Island, NY 10301
MULTI_FAMILY - Colonial - Staten Island, NY
Property Size1,784 SF
Lot Size0.14 Acres
Days on Market72
Property Features for 145 Corson Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3A
Bedrooms
6
Bathrooms
3
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 3, Bedroom 5, Bedroom 6, Bedroom 1, Bathroom 2, Bedroom 2
Parking features
On Street
Basement
Full, Partially Finished
Lot features
Front Yard, Back Yard
Subdivision
St. George
Standard status
Pending
APN
00036-0111
Size
1,784 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
5237
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating)
Cooling system
Window Unit(s)
Amenities
soaring 10' ceiling
deck
private yard
laundry room
separate entrance
storage space
Building Details
Year built
1920
Floors in Building
3
Number of units
2
Building materials
Wood Siding
Architectural style
Colonial
Listing Agency:
Homes R Us Realty of NY, Inc.
(718) 668-2550
Listed By:
Ilona Fotiadou-Bludov · License #IFB9783
(917) 279-9730
Added: May 28
Changed: Aug 2
Last Checked: Aug 7 at 11:06PM
MLS# 2602991
Copyright © 2026 Staten Island Board of Realtors. 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 historic turn-of-the-century Colonial duplex (2-family) was built in 1920 with wood siding. The property sits on a 0.1423-acre lot and totals 1,784 square feet. Heating is natural gas hot water, and cooling is provided by window unit(s). The duplex is served by public sewer, with parking available on street.
Unit 1 spans Level 1 and includes a soaring 10' ceiling, a bedroom with an office nook/nursery, a kitchen/living room combo with a door to the deck and an exit to the street, plus a laundry room with a door to the backyard. Unit 1 also includes 3/4 baths and a primary bedroom. The basement features a ground-floor walk-out with a separate entrance, full partially finished space, a 1/2 bath, several rooms, additional storage, and a mechanical room.
Unit 2 is arranged across Level 2 and Level 3, with a mud room, bedroom/nursery, living room, and an eat-in kitchen with a pantry and full bath on Level 2, along with bedrooms on Level 3.
Unit 1 spans Level 1 and includes a soaring 10' ceiling, a bedroom with an office nook/nursery, a kitchen/living room combo with a door to the deck and an exit to the street, plus a laundry room with a door to the backyard. Unit 1 also includes 3/4 baths and a primary bedroom. The basement features a ground-floor walk-out with a separate entrance, full partially finished space, a 1/2 bath, several rooms, additional storage, and a mechanical room.
Unit 2 is arranged across Level 2 and Level 3, with a mud room, bedroom/nursery, living room, and an eat-in kitchen with a pantry and full bath on Level 2, along with bedrooms on Level 3.
Key Highlights
- 0.1423‑acre lot and 1,784 SF historic two‑family Colonial duplex built in 1920
- R3A zoning and public sewer service
- Unit 1 Level 1 features a soaring 10' ceiling and kitchen/living combo with deck access
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
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 - R3A-zoned duplex with natural gas hot water heat, window AC units, and a walk-out basement with separate entrance.
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: 0.1423‑acre lot and 1,784 SF historic two‑family Colonial duplex built in 1920; R3A zoning and public sewer service; Unit 1 Level 1 features a soaring 10' ceiling and kitchen/living combo with deck access
