Renovated Two-Family
For Sale
Contact for pricing
215 Van Name Avenue B, Staten Island, NY 10303
Fully renovated in 2023 with updated kitchens, washer/dryer, and two parking spaces in a detached two-family layout.
Property Size1,872 SF
Price / SF$454.06
Days on Market222
Property Features for 215 Van Name Avenue B
General Information
Standard status
Active
Size
1,872 SF
Property subtype
Multifamily
Zoning
R3-A
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Amenities
fenced yard
laundry area
attic storage
heating and air conditioning
Building Details
Year Built
2016
Year Renovated
2023
Stories
2
Units
1
Listing Agency:
Jayne Realty
Listed By:
Janie Jacobi · License #37JA0847268
Source:
Crexi
Added: Jan 15
Changed: Aug 8
Last Checked: Jul 21 at 1:53PM
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 Jayne Realty
Investment Insights
Based on property information with market context.
This fully renovated 2023 legal two-family detached duplex offers updated interiors and modern finishes throughout. The owner’s side features an open-concept living and dining area, an eat-in kitchen with new stainless-steel appliances and granite countertops, 2.5 baths, and patio sliders leading to a fenced yard. Additional highlights include hardwood flooring, ample closet space, a dedicated utility and laundry area, and attic storage.
The legal apartment consists of two rooms with a separate bedroom, plus a full bath and a kitchen with new stainless-steel appliances, granite countertop, and new cabinets. Both units are described as having updated electrical, paint, plumbing, windows, and heating and air conditioning.
Off-street parking includes a two-car driveway for the home, providing space for both owner and tenant.
The legal apartment consists of two rooms with a separate bedroom, plus a full bath and a kitchen with new stainless-steel appliances, granite countertop, and new cabinets. Both units are described as having updated electrical, paint, plumbing, windows, and heating and air conditioning.
Off-street parking includes a two-car driveway for the home, providing space for both owner and tenant.
Key Highlights
- Detached legal two‑family home built in 2016 with a 3‑bedroom, 2.5‑bath owner duplex plus a separate apartment
- Fully renovated in 2023 with new custom kitchens featuring stainless steel appliances and granite countertops
- Updated for comfort with new heating and air conditioning, electrical, windows, paint, and plumbing
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
$46,553
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
5.48%
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%
$931,060
$931.1K
Cap Rate 7%
$665,043
$665.0K
Cap Rate 9%
$517,256
$517.3K
Market Conditions
NOI Build-Up for 1,872 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
$69.6K $37.20/SF
− Vacancy
−$3.1K −$1.67/SF
EGI
$66.5K $35.53/SF
− OpEx
−$20.0K −$10.66/SF
NOI
$46.6K $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%
$931,060
Cap Rate 7%
$665,043
Cap Rate 9%
$517,256
Alternative Uses
Best Use
Multifamily LT 5
$665.0K
$581.9K – $775.9K
NOI $46,553 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$593.0K
$518.9K – $691.9K
NOI $41,513 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$893.2K
$781.6K – $1.04M
NOI $62,525 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,290
Businesses Nearby
Explore this area
Business Placement
Demographics for 10303, NY
28,155
Population
9,580
Households
2.9
Avg Household Size
34
Median Age
30%
College-Educated
83%
High-School Grad
3.2 sq mi
ZIP Area
8,798
Density / Sq Mi
$79,429
Median Household Income
$49,072
Median Earnings
$1,520
Median Rent
$457,600
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 - Fully renovated in 2023 with updated kitchens, washer/dryer, and two parking spaces in a detached two-family layout.
Where is this duplex located?
The property is located at 215 Van Name Avenue B 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: Detached legal two‑family home built in 2016 with a 3‑bedroom, 2.5‑bath owner duplex plus a separate apartment; Fully renovated in 2023 with new custom kitchens featuring stainless steel appliances and granite countertops; Updated for comfort with new heating and air conditioning, electrical, windows, paint, and plumbing
