Semi-Attached 2-Family
For Sale
$899,999
Pending
148 Bartow Ave, Staten Island, NY 10309
Two-family layout includes three bedrooms, two-and-a-half bathrooms, and an in-ground pool.
Property Size1,600 SF
Days on Market92
Property Features for 148 Bartow Ave
General Information
Standard status
Pending
Size
1,600 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
in-ground pool
Building Details
Year Built
2001
Buildings
1
Listing Agency:
Robert DeFalco Realty, Inc.
Listed By:
Kevin Adams · License #40AD1179668
(718) 987-7900
Source:
Statenislandhomelistings
Added: Jun 4
Changed: Sep 2
Last Checked: Sep 2 at 6:36PM
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 Robert DeFalco Realty, Inc.
Investment Insights
Based on property information with market context.
Built in 2001, this semi-attached duplex offers a two-family configuration with three bedrooms and 2.5 bathrooms. The property includes a landscaped rear yard, in-ground pool, and paved outdoor areas suited to relaxation or entertaining. R3X zoning is identified for the property.
The home is situated across from a park and school in Tottenville, with surrounding single-family detached residences. Its setting on Bartow Avenue provides a residential context for an owner-occupant or multifamily buyer seeking a property with outdoor amenities and an established neighborhood setting.
The home is situated across from a park and school in Tottenville, with surrounding single-family detached residences. Its setting on Bartow Avenue provides a residential context for an owner-occupant or multifamily buyer seeking a property with outdoor amenities and an established neighborhood setting.
Key Highlights
- Two‑family semi‑attached home in Tottenville
- 3 bedrooms and 2.5 bathrooms
- In‑ground pool with landscaped backyard
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
$39,789
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
4.42%
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%
$795,780
$795.8K
Cap Rate 7%
$568,414
$568.4K
Cap Rate 9%
$442,100
$442.1K
Market Conditions
NOI Build-Up for 1,600 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
$59.5K $37.20/SF
− Vacancy
−$2.7K −$1.67/SF
EGI
$56.8K $35.53/SF
− OpEx
−$17.1K −$10.66/SF
NOI
$39.8K $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%
$795,780
Cap Rate 7%
$568,414
Cap Rate 9%
$442,100
Alternative Uses
Best Use
Multifamily LT 5
$568.4K
$497.4K – $663.2K
NOI $39,789 @ 7.0% cap · market cap 4.42%
Second Best
Apartment 5plus
$506.9K
$443.5K – $591.4K
NOI $35,482 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$763.4K
$668.0K – $890.7K
NOI $53,440 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
424
Businesses Nearby
Explore this area
Business Placement
Demographics for 10309, NY
33,523
Population
12,770
Households
2.6
Avg Household Size
41
Median Age
40%
College-Educated
92%
High-School Grad
7.3 sq mi
ZIP Area
4,592
Density / Sq Mi
$123,638
Median Household Income
$67,348
Median Earnings
$1,907
Median Rent
$745,500
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 - Two-family layout includes three bedrooms, two-and-a-half bathrooms, and an in-ground pool.
Where is this duplex located?
The property is located at 148 Bartow Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Two‑family semi‑attached home in Tottenville; 3 bedrooms and 2.5 bathrooms; In‑ground pool with landscaped backyard
