Spacious Detached 2-Family
For Sale
$1,190,000
Pending
188 Nome Ave, Staten Island, NY 10314
Well-maintained 2-family home in New Springville, Staten Island.
Property Size2,720 SF
Days on Market107
Property Features for 188 Nome Ave
General Information
Standard status
Pending
Size
2,720 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$7,519
Building Details
Building Size
2,720 SF
Year Built
1975
Stories
2
Listing Agency:
Momentum Real Estate
Listed By:
Wei Liang (Jay) Zhen · License #10401369421
(718) 382-0001
Source:
Elliman
Added: May 20
Changed: Sep 3
Last Checked: Sep 2 at 9:02PM
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 Momentum Real Estate
Investment Insights
Based on property information with market context.
This spacious and well-maintained detached 2-family home is located in New Springville. The main duplex unit spans the first and second floors, featuring 3 bedrooms and 3 bathrooms, including 1 full bath, 1 half bath, and a private 3/4 bath in the primary bedroom. The second unit offers a comfortable 2-bedroom, 1 full bathroom. The home also features a fully finished basement. The property includes a private driveway with a built-in garage, along with a spacious backyard complete with a shed for extra storage. The property is conveniently located near shopping, restaurants, schools, parks, and transportation. The property size is 2720 square feet.
Key Highlights
- Detached 2‑family home, ideal for owner occupancy with rental income potential.
- Main unit: Spacious 3 bedrooms, 3 bathrooms (including a primary suite with a private 3/4 bath).
- Second unit: Comfortable 2 bedrooms, 1 full bathroom.
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
$74,187
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
6.23%
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%
$1,483,740
$1.5M
Cap Rate 7%
$1,059,814
$1.1M
Cap Rate 9%
$824,300
$824.3K
Market Conditions
NOI Build-Up for 2,720 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
$111.0K $40.80/SF
− Vacancy
−$5.0K −$1.84/SF
EGI
$106.0K $38.96/SF
− OpEx
−$31.8K −$11.69/SF
NOI
$74.2K $27.27/SF
Area
ZIP 10314
Vacancy
4.50%
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%
$1,483,740
Cap Rate 7%
$1,059,814
Cap Rate 9%
$824,300
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$927.3K – $1.24M
NOI $74,187 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$982.7K
$859.9K – $1.15M
NOI $68,792 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$1.30M
$1.14M – $1.51M
NOI $90,849 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,228
Businesses Nearby
Explore this area
Business Placement
Demographics for 10314, NY
92,157
Population
33,554
Households
2.7
Avg Household Size
41
Median Age
37%
College-Educated
89%
High-School Grad
13.0 sq mi
ZIP Area
7,089
Density / Sq Mi
$104,655
Median Household Income
$58,769
Median Earnings
$1,726
Median Rent
$665,500
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 - Well-maintained 2-family home in New Springville, Staten Island.
Where is this duplex located?
The property is located at 188 Nome Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: Detached 2‑family home, ideal for owner occupancy with rental income potential.; Main unit: Spacious 3 bedrooms, 3 bathrooms (including a primary suite with a private 3/4 bath).; Second unit: Comfortable 2 bedrooms, 1 full bathroom.
