Two-Family Home With
For Sale
$928,888
198 Willowbrook Rd, Staten Island, NY 10302
Updated two-unit residence with a vacant studio, finished basement, private yard, and outdoor entertaining space.
Property Size1,440 SF
Price / SF$645.06
Days on Market105
Property Features for 198 Willowbrook Rd
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR, 1 x studio
Multifamily Units
2
Amenities
pool
deck
fenced yard
washer/dryer
Building Details
Year Built
2005
Buildings
1
Listing Agency:
J Milo Real Estate
Listed By:
Jenine Milo · License #10301120597
(718) 501-4494
Source:
Statenislandhomelistings
Added: Jul 15
Changed: Oct 26
Last Checked: Oct 26 at 4:28PM
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 J Milo Real Estate
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Investment Insights
Based on property information with market context.
This two-family residence, built in 2005, contains 1,440 square feet and includes a three-bedroom unit plus a separate studio apartment delivered vacant. The larger unit features 10-foot ceilings, an open living and dining area, and an updated eat-in kitchen with stainless steel appliances, quartz countertops, a peninsula, and sliding doors leading to the deck. New luxury vinyl plank flooring and Anderson windows are also included.
Outdoor improvements include a saltwater, solar-heated in-ground pool, an awning-covered deck, and a fully enclosed yard with PVC fencing. The property also has a finished partial basement with utilities, a washer and dryer, and newer tankless hot water systems serving both units. New front pavers complete the exterior improvements.
Outdoor improvements include a saltwater, solar-heated in-ground pool, an awning-covered deck, and a fully enclosed yard with PVC fencing. The property also has a finished partial basement with utilities, a washer and dryer, and newer tankless hot water systems serving both units. New front pavers complete the exterior improvements.
Key Highlights
- Two‑family residence with 1,440 square feet, including a 3‑bedroom unit and a studio apartment
- Vacant studio apartment provides a separate residential unit
- Saltwater, solar‑heated in‑ground pool with awning‑covered deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,810
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$716,200
$716.2K
Cap Rate 7%
$511,571
$511.6K
Cap Rate 9%
$397,889
$397.9K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$53.6K $37.20/SF
− Vacancy
−$2.4K −$1.67/SF
EGI
$51.2K $35.53/SF
− OpEx
−$15.3K −$10.66/SF
NOI
$35.8K $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 Rate 5%
$716,200
Cap Rate 7%
$511,571
Cap Rate 9%
$397,889
Alternative Uses
Best Use
Multifamily LT 5
$511.6K
$447.6K – $596.8K
NOI $35,810 @ 7.0% cap · market cap 3.86%
Second Best
Apartment 5plus
$456.2K
$399.2K – $532.2K
NOI $31,933 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$687.1K
$601.2K – $801.6K
NOI $48,096 @ 7.0% cap · market cap 5.18%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,031
Businesses Nearby
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Business Placement
Demographics for 10302, NY
20,931
Population
6,927
Households
3
Avg Household Size
35
Median Age
29%
College-Educated
85%
High-School Grad
1.2 sq mi
ZIP Area
17,443
Density / Sq Mi
$76,089
Median Household Income
$43,608
Median Earnings
$1,800
Median Rent
$586,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Updated two-unit residence with a vacant studio, finished basement, private yard, and outdoor entertaining space.
Where is this duplex located?
The property is located at 198 Willowbrook Rd Staten Island, NY.
What is the asking price?
The asking price for this property is $928,888.
What are key features of this property?
This property features: Two‑family residence with 1,440 square feet, including a 3‑bedroom unit and a studio apartment; Vacant studio apartment provides a separate residential unit; Saltwater, solar‑heated in‑ground pool with awning‑covered deck
