Two-Family Duplex with
For Sale
$999,999
198 Willowbrook Road, Staten Island, NY 10302
Residential Income, Staten Island, NY
Property Size1,440 SF
Lot Size0.06 Acres
Price / SF$694.44
Days on Market56
Property Features for 198 Willowbrook Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3X
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 1
Parking features
Driveway
Pool private
1
Interior features
Walk-In Closet(s)
Fencing
Fenced
Basement
Apartment, Full
Lot features
Front Yard, Back Yard
Subdivision
Westerleigh
Standard status
Active
APN
01483/93
Size
1,440 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
7551
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating)
Cooling system
Central Air
Amenities
pool
deck
fenced yard
washer/dryer
Building Details
Year built
2005
Floors in Building
2
Number of units
1
Building materials
Brick, Vinyl Siding
Architectural style
Colonial
Listing Agency:
J Milo Real Estate
(718) 872-9300
Listed By:
Jenine Milo · License #10301120597
(718) 501-4494
Added: Jul 16
Changed: Sep 8
Last Checked: Sep 9 at 5:06PM
MLS# 2604036
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.
This 1,440-square-foot duplex includes a three-bedroom residence and a separate studio apartment delivered vacant. The main unit features 10-foot ceilings, an open living and dining area, an eat-in kitchen with stainless steel appliances, quartz counters, a peninsula, and deck access. Luxury vinyl plank flooring, Anderson windows, central air, natural-gas hot-water heating, and a partially finished basement with laundry add practical functionality. The property was built in 2005 and has a Colonial design with brick and vinyl siding.
Outdoor improvements include a private saltwater pool with solar heating, a covered deck, PVC fencing, and new front pavers. The 0.062-acre parcel includes a driveway, public sewer service, and a fenced yard. Located at 198 Willowbrook Road in Staten Island, the property is zoned R3X.
Outdoor improvements include a private saltwater pool with solar heating, a covered deck, PVC fencing, and new front pavers. The 0.062-acre parcel includes a driveway, public sewer service, and a fenced yard. Located at 198 Willowbrook Road in Staten Island, the property is zoned R3X.
Key Highlights
- 1,440 SF two‑family duplex with a three‑bedroom unit and a separate studio apartment
- Studio apartment delivered vacant
- Private saltwater, solar‑heated in‑ground pool with covered deck
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
$35,810
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
3.58%
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%
$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
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
$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 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%
$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 3.58%
Second Best
Apartment 5plus
$456.2K
$399.2K – $532.2K
NOI $31,933 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$687.1K
$601.2K – $801.6K
NOI $48,096 @ 7.0% cap · market cap 4.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,031
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Brick-and-vinyl residence with a fenced yard, deck, basement laundry, and vacant studio apartment.
Where is this duplex located?
The property is located at 198 Willowbrook Road Staten Island, NY.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: 1,440 SF two‑family duplex with a three‑bedroom unit and a separate studio apartment; Studio apartment delivered vacant; Private saltwater, solar‑heated in‑ground pool with covered deck
