Two-Family Duplex with
For Sale
$949,998
173 Colony Avenue, Staten Island, NY 10306
A three-bedroom primary residence pairs with a separate two-level rental unit.
Property Size2,450 SF
Price / SF$387.75
Days on Market29
Property Features for 173 Colony Avenue
General Information
Standard status
Active
Size
2,450 SF
Total Parking Spaces
1
Property subtype
Residential Income
Zoning
R3-2
Units
Unit Mix
3BR/1.5BA, 1BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,883
Amenities
hardwood floors
deck
separate laundry room
utility room
family room
rear storage space
Building Details
Building Size
2,450 SF
Year Built
2003
Stories
3
Units
1
Listing Agency:
Homes R Us Realty of NY, Inc.
(718) 668-2550
Listed By:
Miroslava Simanovsky · License #40SI0750581
(646) 595-8870
Source:
Connieprofaci
Added: Sep 28
Changed: Oct 25
Last Checked: Oct 26 at 3:40AM
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.
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Investment Insights
Based on property information with market context.
Built in 2003, this 2,450-square-foot semi-attached duplex contains two residences. The primary home has three bedrooms, one full bath and one half bath, plus a living room, eat-in kitchen, hardwood floors, laundry and utility rooms, and deck access from a bedroom. A lower-level family room has its own entrance. The second unit spans two levels, with a living room, kitchen area and full bath above a full-size bedroom. The property also includes a built-in garage, a two-car driveway and rear storage on an irregularly shaped lot.
Zoned R3-2, the home is in Midland Beach, near the beach and boardwalk. Nearby transportation includes the Staten Island Railway, local buses and SIM express buses. Schools, shopping and restaurants are also in the area. The two-unit layout allows for owner occupancy alongside rental use or extended household living.
Zoned R3-2, the home is in Midland Beach, near the beach and boardwalk. Nearby transportation includes the Staten Island Railway, local buses and SIM express buses. Schools, shopping and restaurants are also in the area. The two-unit layout allows for owner occupancy alongside rental use or extended household living.
Key Highlights
- 2,450‑square‑foot semi‑attached duplex built in 2003
- Two residences, including a three‑bedroom primary home and a separate two‑level unit
- Primary residence has 3 bedrooms, 1 full bath and 1 half bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,234
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,244,680
$1.2M
Cap Rate 7%
$889,057
$889.1K
Cap Rate 9%
$691,489
$691.5K
Market Conditions
NOI Build-Up for 2,450 SF
Gross rent
$94.1K $38.40/SF
− Vacancy
−$5.2K −$2.11/SF
EGI
$88.9K $36.29/SF
− OpEx
−$26.7K −$10.89/SF
NOI
$62.2K $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 Rate 5%
$1,244,680
Cap Rate 7%
$889,057
Cap Rate 9%
$691,489
Alternative Uses
Best Use
Multifamily LT 5
$889.1K
$777.9K – $1.04M
NOI $62,234 @ 7.0% cap · market cap 6.55%
Second Best
Apartment 5plus
$790.0K
$691.3K – $921.7K
NOI $55,301 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,831 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
674
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A three-bedroom primary residence pairs with a separate two-level rental unit.
Where is this duplex located?
The property is located at 173 Colony Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $949,998.
What are key features of this property?
This property features: 2,450‑square‑foot semi‑attached duplex built in 2003; Two residences, including a three‑bedroom primary home and a separate two‑level unit; Primary residence has 3 bedrooms, 1 full bath and 1 half bath
