Duplex with Studio
For Sale
$1,248,000
Pending
183 Winchester Ave, Staten Island, NY 10312
Corner property with flexible secondary living space and public transportation nearby.
Property Size2,400 SF
Days on Market106
Property Features for 183 Winchester Ave
General Information
Standard status
Pending
Size
2,400 SF
Property subtype
Multi-Family
Building Details
Year Built
1999
Listing Agency:
EXP Realty
Listed By:
Ashley Leone
(347) 965-6825
Source:
Statenislandhomelistings
Added: May 21
Changed: Sep 2
Last Checked: Sep 2 at 6:25PM
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 EXP Realty
Investment Insights
Based on property information with market context.
Built in 1999, this 2,400-square-foot duplex pairs a four-bedroom, 2.5-bath main residence with a studio apartment and an additional room. The layout supports rental income or multigenerational living. Interior improvements include a gourmet kitchen with a Wolf range, Miele dishwasher, Waterstone faucet, GE Profile refrigerator, granite counters, and porcelain flooring. Updated bathrooms feature custom tilework and Moen fixtures.
Outdoor amenities include an in-ground pool with a new liner, Trex porch, and custom no-skid patio surface. The property also provides a garage, generous parking, and a five-zone sprinkler system. Major mechanical and building updates include central AC, a new hot water heater installed in 2025, and a new roof backed by a 25-year warranty. Public transportation is nearby.
Outdoor amenities include an in-ground pool with a new liner, Trex porch, and custom no-skid patio surface. The property also provides a garage, generous parking, and a five-zone sprinkler system. Major mechanical and building updates include central AC, a new hot water heater installed in 2025, and a new roof backed by a 25-year warranty. Public transportation is nearby.
Key Highlights
- Duplex with a 4‑bedroom, 2.5‑bath main residence plus studio apartment and extra room
- 2,400‑square‑foot property built in 1999
- Gourmet kitchen with Wolf stove, Miele dishwasher, Waterstone faucet, GE Profile refrigerator, granite counters, and porcelain flooring
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
$59,306
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
4.75%
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%
$1,186,120
$1.2M
Cap Rate 7%
$847,229
$847.2K
Cap Rate 9%
$658,956
$659.0K
Market Conditions
NOI Build-Up for 2,400 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
$92.2K $38.40/SF
− Vacancy
−$7.4K −$3.10/SF
EGI
$84.7K $35.30/SF
− OpEx
−$25.4K −$10.59/SF
NOI
$59.3K $24.71/SF
Area
ZIP 10312
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%
$1,186,120
Cap Rate 7%
$847,229
Cap Rate 9%
$658,956
Alternative Uses
Best Use
Multifamily LT 5
$847.2K
$741.3K – $988.4K
NOI $59,306 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$745.4K
$652.2K – $869.6K
NOI $52,177 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,161 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,160
Businesses Nearby
Explore this area
Business Placement
Demographics for 10312, NY
61,642
Population
22,547
Households
2.7
Avg Household Size
43
Median Age
41%
College-Educated
92%
High-School Grad
6.9 sq mi
ZIP Area
8,934
Density / Sq Mi
$111,434
Median Household Income
$62,700
Median Earnings
$1,911
Median Rent
$698,900
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 - Corner property with flexible secondary living space and public transportation nearby.
Where is this duplex located?
The property is located at 183 Winchester Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $1,248,000.
What are key features of this property?
This property features: Duplex with a 4‑bedroom, 2.5‑bath main residence plus studio apartment and extra room; 2,400‑square‑foot property built in 1999; Gourmet kitchen with Wolf stove, Miele dishwasher, Waterstone faucet, GE Profile refrigerator, granite counters, and porcelain flooring
