Two-Family Home Near Verrazano
For Sale
Contact for pricing
Pending
176 Cedar Avenue, Staten Island, NY 10305
Two bi-level apartments and finished basement near transportation and shopping.
Property Size1,440 SF
Days on Market155
Property Features for 176 Cedar Avenue
General Information
Standard status
Pending
Size
1,440 SF
Property subtype
Multifamily
Zoning
R3-1
Building Details
Year Built
1988
Stories
3
Units
2
Listing Agency:
NEUHAUS REALTY INC.
(732) 946-2911
Listed By:
Gaetano Marasa · License #NY
Source:
Crexi
Added: Mar 24
Changed: Aug 8
Last Checked: Jul 24 at 5:38PM
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 NEUHAUS REALTY INC.
Investment Insights
Based on property information with market context.
This semi-attached two-family property is located minutes from the Verrazano-Narrows Bridge. The property includes two bi-level apartments and a finished basement with a studio-like setup, a full bathroom, and a separate entry to the side yard. The first level, which is at ground level, has a side entrance leading into a bi-level one-bedroom, one-bathroom apartment. A built-in garage is also located at ground level. The main level features a two-bedroom bi-level apartment with an eat-in kitchen, living room, two bedrooms, and one bathroom. The property offers multiple possibilities, functioning as an income producer or providing space for a family. It is conveniently located near transportation, shopping, and the Verrazano-Narrows Bridge. The property size is 1440 square feet. No flood insurance is required.
Key Highlights
- Semi‑attached 2‑family property.
- Two bi‑level apartments offer income potential or space for extended family.
- Finished basement with studio‑like setup, full bath, and separate entrance.
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
$37,807
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
5.34%
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%
$756,140
$756.1K
Cap Rate 7%
$540,100
$540.1K
Cap Rate 9%
$420,078
$420.1K
Market Conditions
NOI Build-Up for 1,440 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
$58.8K $40.80/SF
− Vacancy
−$4.7K −$3.29/SF
EGI
$54.0K $37.51/SF
− OpEx
−$16.2K −$11.25/SF
NOI
$37.8K $26.26/SF
Area
ZIP 10305
Vacancy
8.07%
Lease Rate
$40.80 /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%
$756,140
Cap Rate 7%
$540,100
Cap Rate 9%
$420,078
Alternative Uses
Best Use
Multifamily LT 5
$540.1K
$472.6K – $630.1K
NOI $37,807 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$496.9K
$434.8K – $579.8K
NOI $34,785 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$687.1K
$601.2K – $801.6K
NOI $48,096 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
711
Businesses Nearby
Explore this area
Business Placement
Demographics for 10305, NY
44,008
Population
16,850
Households
2.6
Avg Household Size
41
Median Age
32%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
11,002
Density / Sq Mi
$86,294
Median Household Income
$52,183
Median Earnings
$1,656
Median Rent
$627,200
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 - Two bi-level apartments and finished basement near transportation and shopping.
Where is this duplex located?
The property is located at 176 Cedar Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $708,000.
What are key features of this property?
This property features: Semi‑attached 2‑family property.; Two bi‑level apartments offer income potential or space for extended family.; Finished basement with studio‑like setup, full bath, and separate entrance.
