Staten Island Income Producing
For Sale
$850,000
203 Corson Ave, Staten Island, NY 10301
Fully rented duplex near Staten Island Ferry and transportation.
Property Size2,288 SF
Price / SF$371.50
Days on Market488
Property Features for 203 Corson Ave
General Information
Standard status
Active
Size
2,288 SF
Property subtype
Multi-Family
Building Details
Year Built
1920
Listing Agency:
M&M Homes Inc.
Listed By:
Eun-Sook Kim · License #31KI0913463
(718) 966-2100
Source:
Statenislandhomelistings
Added: Jun 12, 2025
Changed: Oct 1
Last Checked: Oct 11 at 6:30AM
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 M&M Homes Inc.
Investment Insights
Based on property information with market context.
This fully rented duplex is an excellent income-producing property. Unit 1 features a spacious three-bedroom layout with an additional sunroom. The eat-in kitchen provides access to the backyard and deck, and includes washer and dryer hook-ups. The unit has been freshly painted and features refinished hardwood floors, along with a new refrigerator and oven. Unit 2 offers four bedrooms, a nice-sized living room, and an eat-in kitchen with deck access. Washer and dryer hook-ups are available. A full-size unfinished basement with a door to the backyard is also included. The property is closely located to the Staten Island Ferry and public transportation. The property size is 2288 square feet.
Key Highlights
- Fully rented property provides excellent income.
- Unit 1: Spacious three bedrooms plus sun room.
- Unit 2: Four bedrooms.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,898
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,137,960
$1.1M
Cap Rate 7%
$812,829
$812.8K
Cap Rate 9%
$632,200
$632.2K
Market Conditions
NOI Build-Up for 2,288 SF
Gross rent
$85.1K $37.20/SF
− Vacancy
−$3.8K −$1.67/SF
EGI
$81.3K $35.53/SF
− OpEx
−$24.4K −$10.66/SF
NOI
$56.9K $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%
$1,137,960
Cap Rate 7%
$812,829
Cap Rate 9%
$632,200
Alternative Uses
Best Use
Multifamily LT 5
$812.8K
$711.2K – $948.3K
NOI $56,898 @ 7.0% cap · market cap 6.69%
Second Best
Apartment 5plus
$724.8K
$634.2K – $845.7K
NOI $50,739 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$1.09M
$955.3K – $1.27M
NOI $76,420 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,791
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully rented duplex near Staten Island Ferry and transportation.
Where is this duplex located?
The property is located at 203 Corson Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Fully rented property provides excellent income.; Unit 1: Spacious three bedrooms plus sun room.; Unit 2: Four bedrooms.
