New Construction Two-Family
For Sale
$1,389,900
Pending
153 Adams Ave, Staten Island, NY 10306
Newly built duplex with separate electrical meters, open-concept living areas, and three-bed layouts in each unit.
Property Size2,240 SF
Days on Market67
Property Features for 153 Adams Ave
General Information
Standard status
Pending
Size
2,240 SF
Property subtype
Multi-Family
Building Details
Year Built
2006
Listing Agency:
Tiger Realty
Listed By:
Shan Su
(917) 708-9966
Source:
Statenislandhomelistings
Added: Jul 6
Changed: Sep 8
Last Checked: Sep 9 at 8:07PM
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 Tiger Realty
Investment Insights
Based on property information with market context.
New construction two-family (6 over 6) duplex offering two separately metered units for flexible utility management. Each unit includes three bedrooms, with a private bath in the main bedroom plus two additional bathrooms. Interior layouts feature an open concept living and dining area, along with a kitchen with quartz counters. The grand floor is fully finished and includes a one-car garage.
The property is located at 153 Adams Avenue in Staten Island’s Grant City neighborhood, with proximity to parks, the South Beach Boardwalk, and shopping and dining options.
The duplex is built with three electrical meters and provides generously sized bedrooms, multiple bathrooms per unit, and finished interior space that supports comfortable day-to-day living for both occupants or tenants.
The property is located at 153 Adams Avenue in Staten Island’s Grant City neighborhood, with proximity to parks, the South Beach Boardwalk, and shopping and dining options.
The duplex is built with three electrical meters and provides generously sized bedrooms, multiple bathrooms per unit, and finished interior space that supports comfortable day-to-day living for both occupants or tenants.
Key Highlights
- Built in 2006: newly constructed two‑family 6‑over‑6 duplex in Staten Island’s Grant City neighborhood
- 3 electrical meters servicing the property for separate metering and maximum flexibility
- Each unit features 3 bedrooms, with the main bedroom offering a private bath plus 2 additional bathrooms
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
$56,900
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
4.09%
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%
$1,138,000
$1.1M
Cap Rate 7%
$812,857
$812.9K
Cap Rate 9%
$632,222
$632.2K
Market Conditions
NOI Build-Up for 2,240 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
$86.0K $38.40/SF
− Vacancy
−$4.7K −$2.11/SF
EGI
$81.3K $36.29/SF
− OpEx
−$24.4K −$10.89/SF
NOI
$56.9K $25.40/SF
Area
ZIP 10306
Vacancy
5.50%
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%
$1,138,000
Cap Rate 7%
$812,857
Cap Rate 9%
$632,222
Alternative Uses
Best Use
Multifamily LT 5
$812.9K
$711.3K – $948.3K
NOI $56,900 @ 7.0% cap · market cap 4.09%
Second Best
Apartment 5plus
$722.3K
$632.0K – $842.7K
NOI $50,561 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$1.07M
$935.2K – $1.25M
NOI $74,817 @ 7.0% cap · market cap 5.38%
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
1,328
Businesses Nearby
Explore this area
Business Placement
Demographics for 10306, NY
57,919
Population
21,299
Households
2.7
Avg Household Size
43
Median Age
34%
College-Educated
88%
High-School Grad
7.2 sq mi
ZIP Area
8,044
Density / Sq Mi
$97,746
Median Household Income
$54,052
Median Earnings
$1,743
Median Rent
$675,400
Median Home Value
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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 - Newly built duplex with separate electrical meters, open-concept living areas, and three-bed layouts in each unit.
Where is this duplex located?
The property is located at 153 Adams Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $1,389,900.
What are key features of this property?
This property features: Built in 2006: newly constructed two‑family 6‑over‑6 duplex in Staten Island’s Grant City neighborhood; 3 electrical meters servicing the property for separate metering and maximum flexibility; Each unit features 3 bedrooms, with the main bedroom offering a private bath plus 2 additional bathrooms
