Two-Family Colonial Home with
For Sale
$729,000
187 Van Buren Street, Staten Island, NY 10301
MULTI_FAMILY - Colonial - Staten Island, NY
Property Size2,277 SF
Lot Size0.05 Acres
Price / SF$320.16
Days on Market97
Property Features for 187 Van Buren Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
M3-1
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 4
Parking features
On Street, Off Street
Patio and Porch features
Deck, Patio
Fencing
Fenced
Basement
Full, Unfinished
Lot features
Front Yard, Back Yard
Subdivision
New Brighton
Standard status
Active
APN
00067-0183
Size
2,277 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
5232
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating)
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Building materials
Vinyl Siding
Architectural style
Colonial
Listing Agency:
Tom Crimmins Realty, Ltd.
(718) 370-3200
Listed By:
John Roda · License #10401269689
(718) 370-3200
Added: May 20
Changed: Aug 18
Last Checked: Aug 24 at 4:06PM
MLS# 2602856
Copyright © 2026 Staten Island Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
187 Van Buren Street is a fully detached two-family Colonial home built in 1930. The first unit has two bedrooms and one full bathroom, and the second unit offers three bedrooms and one bathroom. Exterior finishes include vinyl siding, and the property includes a fenced yard plus a deck and patio. Heating is hot water with natural gas, and the home is served by public sewer.
The property sits on a 0.0459-acre lot with 2,277 square feet. Parking is available via both off-street and on-street spaces, and the home is zoned M3-1.
The property sits on a 0.0459-acre lot with 2,277 square feet. Parking is available via both off-street and on-street spaces, and the home is zoned M3-1.
Key Highlights
- First unit: 2 bedrooms and 1 full bathroom
- Second unit: 3 bedrooms and 1 bathroom
- 0.0459‑acre lot and 2,277 SF
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
$56,625
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
7.77%
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%
$1,132,500
$1.1M
Cap Rate 7%
$808,929
$808.9K
Cap Rate 9%
$629,167
$629.2K
Market Conditions
NOI Build-Up for 2,277 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
$84.7K $37.20/SF
− Vacancy
−$3.8K −$1.67/SF
EGI
$80.9K $35.53/SF
− OpEx
−$24.3K −$10.66/SF
NOI
$56.6K $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%
$1,132,500
Cap Rate 7%
$808,929
Cap Rate 9%
$629,167
Alternative Uses
Best Use
Multifamily LT 5
$808.9K
$707.8K – $943.8K
NOI $56,625 @ 7.0% cap · market cap 7.77%
Second Best
Apartment 5plus
$721.4K
$631.2K – $841.6K
NOI $50,495 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$1.09M
$950.7K – $1.27M
NOI $76,052 @ 7.0% cap · market cap 10.43%
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
638
Businesses Nearby
Explore this area
Business Placement
Demographics for 10301, NY
41,474
Population
16,631
Households
2.5
Avg Household Size
40
Median Age
38%
College-Educated
88%
High-School Grad
3.8 sq mi
ZIP Area
10,914
Density / Sq Mi
$84,937
Median Household Income
$50,140
Median Earnings
$1,697
Median Rent
$657,000
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 - Detached two-family colonial home zoned M3-1 with deck and patio, natural gas hot water heat, off- and on-street parking.
Where is this duplex located?
The property is located at 187 Van Buren Street Staten Island, NY.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: First unit: 2 bedrooms and 1 full bathroom; Second unit: 3 bedrooms and 1 bathroom; 0.0459‑acre lot and 2,277 SF
