Dongan Hills Legal Two-Family
For Sale
$1,199,000
Pending
203 Evergreen Ave, Staten Island, NY 10305
Spacious two-family home in desirable Dongan Hills neighborhood.
Property Size2,484 SF
Days on Market164
Property Features for 203 Evergreen Ave
General Information
Standard status
Pending
Size
2,484 SF
Property subtype
Multi-Family
Building Details
Year Built
1955
Listing Agency:
DiTommaso Real Estate
Listed By:
Christine Innamorato · License #40IN1163150
Source:
Statenislandhomelistings
Added: May 12
Changed: Oct 10
Last Checked: Oct 20 at 9:54PM
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 DiTommaso Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This fully detached legal two-family home is situated in the desirable Dongan Hills neighborhood. The property features a three-bedroom unit on the first floor and a two-bedroom unit on the second floor. A full finished basement provides additional living and storage space. The property also includes a detached garage, ample parking, and a nice-sized backyard. The location offers convenient access to the Verrazzano Bridge and public transportation. The first-floor unit includes three bedrooms, a spacious living room, a dining room, a kitchen, a full bath, hardwood floors throughout, and an enclosed sunporch. The second-floor apartment features two large bedrooms, including a master bedroom with a walk-in closet, a full bathroom, a spacious living room, and an eat-in kitchen, as well as a sunporch. Separate utilities for each unit add convenience. The full finished basement includes a summer kitchen, an extra room, and a laundry room. The property size is 2484 square feet.
Key Highlights
- Legal 2‑family home in desirable Dongan Hills.
- Separate utilities for each unit.
- Enjoy a 3‑bedroom unit and a 2‑bedroom unit.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,218
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,304,360
$1.3M
Cap Rate 7%
$931,686
$931.7K
Cap Rate 9%
$724,644
$724.6K
Market Conditions
NOI Build-Up for 2,484 SF
Gross rent
$101.3K $40.80/SF
− Vacancy
−$8.2K −$3.29/SF
EGI
$93.2K $37.51/SF
− OpEx
−$28.0K −$11.25/SF
NOI
$65.2K $26.26/SF
Area
ZIP 10305
Vacancy
8.07%
Lease Rate
$40.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,304,360
Cap Rate 7%
$931,686
Cap Rate 9%
$724,644
Alternative Uses
Best Use
Multifamily LT 5
$931.7K
$815.2K – $1.09M
NOI $65,218 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$857.2K
$750.1K – $1.00M
NOI $60,004 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$1.19M
$1.04M – $1.38M
NOI $82,966 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Location Intelligence
Trade Area within ½ mile
2,471
Businesses Nearby
Explore this area
Business Placement
Demographics for 10305, NY
44,008
Population
16,850
Households
2.6
Avg Household Size
41
Median Age
32%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
11,002
Density / Sq Mi
$86,294
Median Household Income
$52,183
Median Earnings
$1,656
Median Rent
$627,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Spacious two-family home in desirable Dongan Hills neighborhood.
Where is this duplex located?
The property is located at 203 Evergreen Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Legal 2‑family home in desirable Dongan Hills.; Separate utilities for each unit.; Enjoy a 3‑bedroom unit and a 2‑bedroom unit.
