Two-Family Duplex with
For Sale
$1,299,900
Pending
159 Aspinwall St, Staten Island, NY 10307
Legal two-family residence with a separate apartment, finished basement, garage, and outdoor recreation space.
Property Size4,188 SF
Days on Market110
Property Features for 159 Aspinwall St
General Information
Standard status
Pending
Size
4,188 SF
Property subtype
Multi-Family
Building Details
Year Built
1980
Listing Agency:
Homes R Us Realty of NY, Inc.
(917) 856-2012
Listed By:
Gennady Gary Papirov · License #30PA0885250
Source:
Statenislandhomelistings
Added: May 14
Changed: Aug 29
Last Checked: Aug 30 at 6:12PM
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 legal two-family Colonial provides 4,188 square feet of residential space on a 9,869-square-foot lot. The primary residence includes four bedrooms and four bathrooms, with formal living and dining rooms, a family room, hardwood flooring, and a finished basement with a fireplace. A separate second-floor apartment adds two bedrooms and supports extended-family living or rental use.
The property also includes a two-car garage, multi-zone heating, and a built-in in-ground pool within the yard. Constructed in 1980, the home is located near schools, parks, shopping centers, restaurants, and public transportation in Staten Island’s South Shore area.
The property also includes a two-car garage, multi-zone heating, and a built-in in-ground pool within the yard. Constructed in 1980, the home is located near schools, parks, shopping centers, restaurants, and public transportation in Staten Island’s South Shore area.
Key Highlights
- 4,188‑square‑foot legal two‑family Colonial on a 9,869‑square‑foot lot
- Main residence includes 4 bedrooms and 4 bathrooms
- Separate second‑floor apartment with 2 bedrooms
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
$104,148
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
8.01%
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%
$2,082,960
$2.1M
Cap Rate 7%
$1,487,829
$1.5M
Cap Rate 9%
$1,157,200
$1.2M
Market Conditions
NOI Build-Up for 4,188 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
$155.8K $37.20/SF
− Vacancy
−$7.0K −$1.67/SF
EGI
$148.8K $35.53/SF
− OpEx
−$44.6K −$10.66/SF
NOI
$104.1K $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%
$2,082,960
Cap Rate 7%
$1,487,829
Cap Rate 9%
$1,157,200
Alternative Uses
Best Use
Multifamily LT 5
$1.49M
$1.30M – $1.74M
NOI $104,148 @ 7.0% cap · market cap 8.01%
Second Best
Apartment 5plus
$1.33M
$1.16M – $1.55M
NOI $92,873 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $139,880 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
379
Businesses Nearby
Explore this area
Business Placement
Demographics for 10307, NY
14,129
Population
5,390
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
90%
High-School Grad
1.6 sq mi
ZIP Area
8,831
Density / Sq Mi
$138,807
Median Household Income
$74,211
Median Earnings
$1,618
Median Rent
$799,100
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 - Legal two-family residence with a separate apartment, finished basement, garage, and outdoor recreation space.
Where is this duplex located?
The property is located at 159 Aspinwall St Staten Island, NY.
What is the asking price?
The asking price for this property is $1,299,900.
What are key features of this property?
This property features: 4,188‑square‑foot legal two‑family Colonial on a 9,869‑square‑foot lot; Main residence includes 4 bedrooms and 4 bathrooms; Separate second‑floor apartment with 2 bedrooms
