Two-Unit Colonial
For Sale
$749,900
22 Stanley Avenue, Staten Island, NY 10301
Residential Income, Staten Island, NY
Property Size1,520 SF
Lot Size0.07 Acres
Price / SF$493.36
Days on Market52
Property Features for 22 Stanley Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3A
Bedrooms
6
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 6, Bedroom 5, Bathroom 1, Bedroom 1, Bathroom 2
Parking features
On Street, Off Street
Basement
Unfinished, Full
Lot features
Front Yard, Back Yard
Subdivision
New Brighton
Standard status
Active
APN
108-9
Size
1,520 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
3531
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Building materials
Vinyl Siding
Architectural style
Colonial
Listing Agency:
Homes R Us Realty of NY, Inc.
(718) 668-2550
Listed By:
Gennady Gary Papirov · License #30PA0885250
(917) 856-2012
Added: Aug 11
Changed: Sep 13
Last Checked: Oct 1 at 5:06PM
MLS# 2604534
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 2-unit Colonial property at 22 Stanley Avenue contains 1,520 square feet on a 0.0717-acre lot. Each apartment has three bedrooms, while the property also includes a full unfinished basement and private backyard. The second-floor residence has been renovated and is vacant; the first-floor residence is occupied. Vinyl siding, natural-gas forced-air heat, public sewer, and a combination of on-street and off-street parking are in place. Built in 1920, the property is zoned R3A.
Located in Staten Island, the property offers a residential income configuration with an existing tenant in one unit and a recently improved second unit available for leasing or owner occupancy. The two-apartment layout provides a straightforward structure for continued rental use.
Located in Staten Island, the property offers a residential income configuration with an existing tenant in one unit and a recently improved second unit available for leasing or owner occupancy. The two-apartment layout provides a straightforward structure for continued rental use.
Key Highlights
- 2‑unit property with two 3‑bedroom apartments
- 1,520 square feet on a 0.0717‑acre lot
- Renovated vacant second‑floor apartment
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
$37,800
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
5.04%
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%
$756,000
$756.0K
Cap Rate 7%
$540,000
$540.0K
Cap Rate 9%
$420,000
$420.0K
Market Conditions
NOI Build-Up for 1,520 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
$56.5K $37.20/SF
− Vacancy
−$2.5K −$1.67/SF
EGI
$54.0K $35.53/SF
− OpEx
−$16.2K −$10.66/SF
NOI
$37.8K $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%
$756,000
Cap Rate 7%
$540,000
Cap Rate 9%
$420,000
Alternative Uses
Best Use
Multifamily LT 5
$540.0K
$472.5K – $630.0K
NOI $37,800 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$481.5K
$421.4K – $561.8K
NOI $33,708 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$725.3K
$634.6K – $846.1K
NOI $50,768 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,732
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
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated upper apartment and occupied lower unit support flexible rental or owner-occupancy options.
Where is this duplex located?
The property is located at 22 Stanley Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 2‑unit property with two 3‑bedroom apartments; 1,520 square feet on a 0.0717‑acre lot; Renovated vacant second‑floor apartment
