Spacious Two-Family
For Sale
$1,300,000
Pending
191 Suffolk Ave, Staten Island, NY 10314
Two-family home with flexible living spaces and rental income potential.
Property Size2,700 SF
Days on Market175
Property Features for 191 Suffolk Ave
General Information
Standard status
Pending
Size
2,700 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$7,214
Listing Agency:
Robert DeFalco Realty, Inc.
(917) 743-3497
Listed By:
Ariana DiMattina
(917) 743-3497
Source:
Exprealty
Added: Mar 2
Changed: Aug 23
Last Checked: Aug 24 at 11:12AM
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 Robert DeFalco Realty, Inc.
Investment Insights
Based on property information with market context.
The property at 191 Suffolk Avenue is a two-family home offering space and flexibility. The main level features three bedrooms, a living room, and a kitchen with storage. The lower level includes one bedroom, a full bathroom, and a kitchenette, with a walk-out basement leading to the backyard. A ground-level one-bedroom apartment has a separate entrance, a full kitchen, and a living space, suitable for rental income or multi-generational living. The backyard provides an outdoor area for relaxation and entertainment. The property size is 2700 square feet.
Key Highlights
- Two‑family home offering rental income potential or multi‑generational living.
- Main level features three bedrooms, living room, and functional kitchen.
- Lower level includes an additional bedroom, full bathroom, kitchenette, and walk‑out basement.
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
$73,642
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
5.66%
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%
$1,472,840
$1.5M
Cap Rate 7%
$1,052,029
$1.1M
Cap Rate 9%
$818,244
$818.2K
Market Conditions
NOI Build-Up for 2,700 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
$110.2K $40.80/SF
− Vacancy
−$5.0K −$1.84/SF
EGI
$105.2K $38.96/SF
− OpEx
−$31.6K −$11.69/SF
NOI
$73.6K $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%
$1,472,840
Cap Rate 7%
$1,052,029
Cap Rate 9%
$818,244
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$920.5K – $1.23M
NOI $73,642 @ 7.0% cap · market cap 5.66%
Second Best
Apartment 5plus
$975.5K
$853.6K – $1.14M
NOI $68,286 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,181 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
579
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 - Two-family home with flexible living spaces and rental income potential.
Where is this duplex located?
The property is located at 191 Suffolk Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Two‑family home offering rental income potential or multi‑generational living.; Main level features three bedrooms, living room, and functional kitchen.; Lower level includes an additional bedroom, full bathroom, kitchenette, and walk‑out basement.
