Two-Family Duplex with
For Sale
$1,600,000
247 Shotwell Avenue, Staten Island, NY 10312
Residential, Staten Island, NY
Property Size3,516 SF
Lot Size0.21 Acres
Price / SF$455.06
Days on Market11
Property Features for 247 Shotwell Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3-1
Bedrooms
6
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 4, Bedroom 4, Bedroom 5, Bathroom 3, Bedroom 6, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 2
Parking features
Garage - Detached
Patio and Porch features
Deck, Patio, Porch
Interior features
Alarm, Central Air, Deck, Dishwasher, Dryer, Garage Door Opener(s), Laundry Area, Microwave, Patio Garden, Pool, Porch, Refrigerator, Stove, Washer
Basement
Finished, Full
Subdivision
Annadale
Standard status
Active
Size
3,516 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Annual Amount
12216
Amenities
decking
gazebo
in-ground swimming pool
koi pond
Building Details
Year built
1980
Floors in Building
3
Number of units
2
Flooring type
Ceramic, Hardwood, Granite, Stone, Tile
Roof type
Shingle
Listing Agency:
Gama Group LLC
(718) 717-7727
Listed By:
Ameer Hamdan
(718) 717-7727
Added: Aug 14
Changed: Aug 20
Last Checked: Aug 24 at 1:06AM
MLS# 503808
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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 two-family duplex at 247 Shotwell Avenue contains 3,516 square feet and was built in 1980. The main residence offers four bedrooms, a formal living room, dining room, kitchen, one full bathroom, and one half bathroom. A separate-entry apartment adds two bedrooms, a living room, kitchen, and full bathroom. The main residence also includes a finished basement with a kitchen, bathroom, family room, laundry area, and backyard access.
Set on a 9,300-square-foot lot, the property includes hardwood and tile flooring, central air, and a detached garage. Outdoor improvements include decking, a gazebo, an in-ground pool, a koi pond, patio space, and a porch. Zoning is R3-1, and the property is located in Staten Island, NY 10312.
Set on a 9,300-square-foot lot, the property includes hardwood and tile flooring, central air, and a detached garage. Outdoor improvements include decking, a gazebo, an in-ground pool, a koi pond, patio space, and a porch. Zoning is R3-1, and the property is located in Staten Island, NY 10312.
Key Highlights
- Two‑family duplex with 6 bedrooms and 4 bathrooms
- 3,516 square feet; built in 1980
- 9,300‑square‑foot lot, or 0.2138 acres
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
$86,883
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
5.43%
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%
$1,737,660
$1.7M
Cap Rate 7%
$1,241,186
$1.2M
Cap Rate 9%
$965,367
$965.4K
Market Conditions
NOI Build-Up for 3,516 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
$135.0K $38.40/SF
− Vacancy
−$10.9K −$3.10/SF
EGI
$124.1K $35.30/SF
− OpEx
−$37.2K −$10.59/SF
NOI
$86.9K $24.71/SF
Area
ZIP 10312
Vacancy
8.07%
Lease Rate
$38.40 /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%
$1,737,660
Cap Rate 7%
$1,241,186
Cap Rate 9%
$965,367
Alternative Uses
Best Use
Multifamily LT 5
$1.24M
$1.09M – $1.45M
NOI $86,883 @ 7.0% cap · market cap 5.43%
Second Best
Apartment 5plus
$1.09M
$955.5K – $1.27M
NOI $76,439 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,435 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
Explore this area
Business Placement
Demographics for 10312, NY
61,642
Population
22,547
Households
2.7
Avg Household Size
43
Median Age
41%
College-Educated
92%
High-School Grad
6.9 sq mi
ZIP Area
8,934
Density / Sq Mi
$111,434
Median Household Income
$62,700
Median Earnings
$1,911
Median Rent
$698,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Six-bedroom property with separate apartment entry, finished lower level, detached garage, and outdoor recreation amenities.
Where is this duplex located?
The property is located at 247 Shotwell Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Two‑family duplex with 6 bedrooms and 4 bathrooms; 3,516 square feet; built in 1980; 9,300‑square‑foot lot, or 0.2138 acres
