Custom Two-Family
168 Otis Avenue Staten Island, NY 10306
For Sale
$1,750,000
Newly built two-family home with private parking and 6-over-6 layouts, each unit offering three bedrooms and two full baths.
Property Size4,919 SF
Price / SF$355.76
Days on Market233
Property Features for 168 Otis Avenue
General Information
- Standard status
- Active
- Size
- 4,919 SF
- Property subtype
- MultiFamily
Building Details
- Year Built
- 1955
Listing Agency:
Homes R Us Realty of NY, Inc.
(347) 335-7946
Listed By:
Huan Kuei Lo · License #10401313713
(347) 335-7946
Source:
Compass
Added: Dec 5, 2025
Changed: Jul 21
Last Checked: Jul 23 at 7:02AM
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.
A brand-new, ground-up custom-built two-family residence featuring a 6-over-6 layout and an oversized 30’ x 57’ building footprint. The property includes three electric meters and professionally fire-stopped penetrations throughout, along with solid framing, structural steel beams, copper plumbing, all-new underground drainage, and metal conduit electrical. Each unit is set up with three bedrooms, two full bathrooms, and a walk-in closet in every bedroom. The designer kitchens feature custom cabinetry, large center islands, premium slab-style surfaces, and a pot filler, complemented by Andersen 400 Series windows throughout.
Located at 168 Otis Avenue in Staten Island, the home is described as convenient to transportation and shopping, with a 3-minute drive to HL Supermarket and access to everyday amenities.
The exterior is noted as a premium stone and stucco façade with custom wrought iron entry doors, and the property offers private parking for residents.
Located at 168 Otis Avenue in Staten Island, the home is described as convenient to transportation and shopping, with a 3-minute drive to HL Supermarket and access to everyday amenities.
The exterior is noted as a premium stone and stucco façade with custom wrought iron entry doors, and the property offers private parking for residents.
Key Highlights
- Newly built custom two‑family residence with 6 over 6 layouts on a 30' x 57' building footprint
- Each unit features 3 bedrooms and 2 full bathrooms, plus a walk‑in closet in every bedroom
- 5 full baths total; finished full basement and central air with 1 A/C unit
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $188.9k | $38.40 |
| − Vacancy | −$10.4k | −$2.11 |
| EGI | $178.5k | $36.29 |
| − OpEx | −$53.6k | −$10.89 |
| NOI | $125.0k | $25.40 |
4,919 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.78M
$1.56M – $2.08M
NOI $124,950 @ 7.0% cap · market cap 7.14%
Second Best
Apartment 5plus
$1.59M
$1.39M – $1.85M
NOI $111,032 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$2.35M
$2.05M – $2.74M
NOI $164,296 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Newly built two-family home with private parking and 6-over-6 layouts, each unit offering three bedrooms and two full baths.
Where is this duplex located?
The property is located at 168 Otis Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Newly built custom two‑family residence with 6 over 6 layouts on a 30' x 57' building footprint; Each unit features 3 bedrooms and 2 full bathrooms, plus a walk‑in closet in every bedroom; 5 full baths total; finished full basement and central air with 1 A/C unit
