All-Brick Duplex with Built-In
New
For Sale
$648,000
174 Blackford Ave, Staten Island, NY 10302
Three-level two-family home with a private driveway and separate ground-floor access.
Property Size1,680 SF
Price / SF$385.71
Days on Market7
Property Features for 174 Blackford Ave
General Information
Standard status
Active
Size
1,680 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,229
Amenities
hardwood floors
Building Details
Building Size
1,680 SF
Year Built
2003
Buildings
1
Stories
2
Construction
all-brick
Listing Agency:
Womcore LLC dba Remax Edge
(718) 612-3088
Listed By:
Renzhang Danny Dong · License #RD7348
(718) 612-3088
Source:
Elliman
Added: Aug 16
Changed: Aug 17
Last Checked: Aug 21 at 8:13AM
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 Womcore LLC dba Remax Edge
Investment Insights
Based on property information with market context.
This three-level duplex, completed in 2003, provides 1,680 square feet within an all-brick structure. The upper residence occupies Levels 2 and 3 and includes three bedrooms, 1.5 baths, a living area, and hardwood floors. A separate ground-floor setup on Level 1 offers a full bath and direct exterior access, supporting an owner-occupant arrangement with rental income potential.
Exterior improvements include a private driveway and built-in garage. The property is located in Port Richmond on Staten Island, near shopping, dining, and public transit. Walk Score is 63, Transit Score is 55, and Bike Score is 41.
Exterior improvements include a private driveway and built-in garage. The property is located in Port Richmond on Staten Island, near shopping, dining, and public transit. Walk Score is 63, Transit Score is 55, and Bike Score is 41.
Key Highlights
- 1,680‑square‑foot, three‑level duplex built in 2003
- All‑brick two‑family construction
- Upper unit includes 3 bedrooms, 1.5 baths, and hardwood floors
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
$41,779
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
6.45%
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%
$835,580
$835.6K
Cap Rate 7%
$596,843
$596.8K
Cap Rate 9%
$464,211
$464.2K
Market Conditions
NOI Build-Up for 1,680 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
$62.5K $37.20/SF
− Vacancy
−$2.8K −$1.67/SF
EGI
$59.7K $35.53/SF
− OpEx
−$17.9K −$10.66/SF
NOI
$41.8K $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%
$835,580
Cap Rate 7%
$596,843
Cap Rate 9%
$464,211
Alternative Uses
Best Use
Multifamily LT 5
$596.8K
$522.2K – $696.3K
NOI $41,779 @ 7.0% cap · market cap 6.45%
Second Best
Apartment 5plus
$532.2K
$465.7K – $620.9K
NOI $37,256 @ 7.0% cap · market cap 5.75%
Theoretical Best
Office A
$801.6K
$701.4K – $935.2K
NOI $56,112 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,804
Businesses Nearby
Explore this area
Business Placement
Demographics for 10302, NY
20,931
Population
6,927
Households
3
Avg Household Size
35
Median Age
29%
College-Educated
85%
High-School Grad
1.2 sq mi
ZIP Area
17,443
Density / Sq Mi
$76,089
Median Household Income
$43,608
Median Earnings
$1,800
Median Rent
$586,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Three-level two-family home with a private driveway and separate ground-floor access.
Where is this duplex located?
The property is located at 174 Blackford Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $648,000.
What are key features of this property?
This property features: 1,680‑square‑foot, three‑level duplex built in 2003; All‑brick two‑family construction; Upper unit includes 3 bedrooms, 1.5 baths, and hardwood floors
