Two-Unit Duplex with Separate
For Sale
$679,888
25 Northfield Avenue, Staten Island, NY 10303
Residential, Staten Island, NY
Property Size2,379 SF
Lot Size0.06 Acres
Price / SF$285.79
Days on Market48
Property Features for 25 Northfield Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
4
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
Interior features
Central Air, Dishwasher, Stove
Basement
Full, Unfinished
Subdivision
Mariners Harbor
Standard status
Active
Size
2,379 SF
Lot size
0.06 Acres
Amenities
Garage
Backyard
Building Details
Flooring type
Hardwood, Tile
Building materials
Block
Roof type
Asphalt
Listing Agency:
SI Premiere Properties
(718) 667-6400
Listed By:
Gregory A. Diaz · License #10311201987
(718) 667-6400
Added: Jul 8
Changed: Aug 21
Last Checked: Aug 24 at 1:06PM
MLS# 502887
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 2,379-square-foot duplex contains two separate residential units with distinct layouts and utility arrangements. The first unit offers 3 bedrooms, 2.5 bathrooms, a large primary bedroom with private full bath, kitchen with dining area, formal dining room, living room, small backyard, and garage. Its mechanical improvements include brand-new HVAC and a brand-new hot water heater. The second unit includes 2 bedrooms, 1 bathroom, and a compact kitchen and living area; it is gutted to the studs for renovation, with some existing bathroom components remaining usable. The property also includes a 2-car driveway, tile and hardwood flooring, central air in Unit 1, and separate electric service for both units. Located near shopping, parks, local amenities, transportation, and the ferry.
Key Highlights
- 2,379 square feet with two residential units
- Unit 1: 3 bedrooms and 2.5 bathrooms
- Unit 2: 2 bedrooms and 1 bathroom
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
$59,161
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
8.70%
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%
$1,183,220
$1.2M
Cap Rate 7%
$845,157
$845.2K
Cap Rate 9%
$657,344
$657.3K
Market Conditions
NOI Build-Up for 2,379 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
$88.5K $37.20/SF
− Vacancy
−$4.0K −$1.67/SF
EGI
$84.5K $35.53/SF
− OpEx
−$25.4K −$10.66/SF
NOI
$59.2K $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%
$1,183,220
Cap Rate 7%
$845,157
Cap Rate 9%
$657,344
Alternative Uses
Best Use
Multifamily LT 5
$845.2K
$739.5K – $986.0K
NOI $59,161 @ 7.0% cap · market cap 8.70%
Second Best
Apartment 5plus
$753.7K
$659.5K – $879.3K
NOI $52,757 @ 7.0% cap · market cap 7.76%
Theoretical Best
Office A
$1.14M
$993.2K – $1.32M
NOI $79,459 @ 7.0% cap · market cap 11.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
336
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 - Two residential units include distinct layouts, private mechanical systems, parking, and outdoor space.
Where is this duplex located?
The property is located at 25 Northfield Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $679,888.
What are key features of this property?
This property features: 2,379 square feet with two residential units; Unit 1: 3 bedrooms and 2.5 bathrooms; Unit 2: 2 bedrooms and 1 bathroom
