Spacious Two-Family Colonial
For Sale
Contact for pricing
151 Waterbury Avenue B, Staten Island, NY 10309
Two-family home with a pool, garage, and income-producing apartment.
Property Size2,674 SF
Price / SF$532.91
Days on Market185
Property Features for 151 Waterbury Avenue B
General Information
Standard status
Active
Size
2,674 SF
Property subtype
Multifamily
Zoning
R3X
Building Details
Year Built
2007
Listing Agency:
Ashford Homes LLC
(929) 364-1301
Listed By:
Kawing Chiu · License #10301208208
Source:
Crexi
Added: Feb 20
Changed: Aug 8
Last Checked: Aug 8 at 6:36AM
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 Ashford Homes LLC
Investment Insights
Based on property information with market context.
This fully detached legal two-family side hall colonial is located in Princess Bay. The property features 6 bedrooms and 5 bathrooms. Hardwood floors are present throughout the bright and spacious home. The grand entry includes an elegant staircase, leading to formal living and dining rooms. The large eat-in kitchen is equipped with stainless steel appliances and flows into the family room, which includes a fireplace. Direct access to the wood deck backyard and swimming pool is available from the family room. The second floor includes a primary suite with a walk-in closet and private bath, as well as additional generously sized bedrooms and a full bath. The basement includes utilities and an income-producing apartment. A detached garage is included, with parking available for up to 8 vehicles in the driveway. The property is conveniently located near transportation, shopping, parks, restaurants, and everyday amenities. The property size is 2674 square feet.
Key Highlights
- Fully detached legal two‑family home in desirable Princess Bay
- Boasting 6 bedrooms and 5 bathrooms
- Swimming pool and wood deck for outdoor entertaining
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
$66,498
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
4.67%
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%
$1,329,960
$1.3M
Cap Rate 7%
$949,971
$950.0K
Cap Rate 9%
$738,867
$738.9K
Market Conditions
NOI Build-Up for 2,674 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
$99.5K $37.20/SF
− Vacancy
−$4.5K −$1.67/SF
EGI
$95.0K $35.53/SF
− OpEx
−$28.5K −$10.66/SF
NOI
$66.5K $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%
$1,329,960
Cap Rate 7%
$949,971
Cap Rate 9%
$738,867
Alternative Uses
Best Use
Multifamily LT 5
$950.0K
$831.2K – $1.11M
NOI $66,498 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$847.1K
$741.2K – $988.3K
NOI $59,299 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,312 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
528
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 home with a pool, garage, and income-producing apartment.
Where is this duplex located?
The property is located at 151 Waterbury Avenue B Staten Island, NY.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: Fully detached legal two‑family home in desirable Princess Bay; Boasting 6 bedrooms and 5 bathrooms; Swimming pool and wood deck for outdoor entertaining
