Renovated 2-Bedroom
For Sale
$575,000
167 Skyline Drive, Staten Island, NY 10304
Residential, Staten Island, NY
Property Size1,024 SF
Lot Size0.04 Acres
Price / SF$561.52
Days on Market8
Property Features for 167 Skyline Drive
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-2
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2
Parking features
Assigned
Security features
Security
Patio and Porch features
Deck, Patio
Interior features
Ceiling Fan(s)
Exterior features
Balcony
Basement
Full, Finished
Appliances
Dishwasher, Dryer, Microwave, Refrigerator, Washer
Lot features
Front Yard, Back Yard, Side
Subdivision
Concord
Standard status
Active
APN
2925-239
Size
1,024 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
4578
HOA Fee
$115 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Oil, Natural Gas
Cooling system
Central Air
Amenities
deck
finished basement
private balcony
updated kitchen
Building Details
Year built
1993
Floors in Building
2
Building materials
Brick, Vinyl Siding
Listing Agency:
EXP Realty
(888) 276-0630
Listed By:
Christina McGrath-Magenta
(631) 926-7909
Added: Aug 17
Changed: Aug 23
Last Checked: Aug 24 at 5:06PM
MLS# 2604628
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 1,024-square-foot duplex in Staten Island offers a two-bedroom layout with two full levels plus a finished basement. The main level combines living and dining areas with an updated kitchen, breakfast bar, half bathroom, and access to a deck. The upper floor includes two bedrooms and a full bathroom, while the finished basement adds flexible space for recreation, work, exercise, or household use. A balcony provides additional outdoor space from the primary bedroom.
Built in 1993, the property features brick and vinyl siding, central air, public sewer service, and an assigned parking space positioned directly in front of the home. Appliances include a dishwasher, dryer, microwave, refrigerator, and washer. The 0.0423-acre property is zoned R3-2 and includes a patio in addition to the deck.
Built in 1993, the property features brick and vinyl siding, central air, public sewer service, and an assigned parking space positioned directly in front of the home. Appliances include a dishwasher, dryer, microwave, refrigerator, and washer. The 0.0423-acre property is zoned R3-2 and includes a patio in addition to the deck.
Key Highlights
- 2‑bedroom duplex with 1,024 square feet of property size
- Finished basement adds flexible supplemental living space
- Updated kitchen includes a breakfast bar and full appliance package
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
$25,304
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
4.40%
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%
$506,080
$506.1K
Cap Rate 7%
$361,486
$361.5K
Cap Rate 9%
$281,156
$281.2K
Market Conditions
NOI Build-Up for 1,024 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
$39.3K $38.40/SF
− Vacancy
−$3.2K −$3.10/SF
EGI
$36.1K $35.30/SF
− OpEx
−$10.8K −$10.59/SF
NOI
$25.3K $24.71/SF
Area
ZIP 10304
Vacancy
8.07%
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%
$506,080
Cap Rate 7%
$361,486
Cap Rate 9%
$281,156
Alternative Uses
Best Use
Multifamily LT 5
$361.5K
$316.3K – $421.7K
NOI $25,304 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$331.3K
$289.9K – $386.5K
NOI $23,190 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$488.6K
$427.5K – $570.0K
NOI $34,202 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,156
Businesses Nearby
Explore this area
Business Placement
Demographics for 10304, NY
46,944
Population
17,524
Households
2.7
Avg Household Size
38
Median Age
31%
College-Educated
84%
High-School Grad
3.5 sq mi
ZIP Area
13,413
Density / Sq Mi
$71,506
Median Household Income
$41,752
Median Earnings
$1,516
Median Rent
$659,900
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 - Updated duplex with finished lower-level space, outdoor areas, central air, and assigned parking.
Where is this duplex located?
The property is located at 167 Skyline Drive Staten Island, NY.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 2‑bedroom duplex with 1,024 square feet of property size; Finished basement adds flexible supplemental living space; Updated kitchen includes a breakfast bar and full appliance package
