Two-Family Residential Income
For Sale
Contact for pricing
252 Saint Marys Avenue, Staten Island, NY 10305
Two-family setup with a spacious 2-bedroom unit over a 1-bedroom plus an owner studio and detached garages.
Property Size1,650 SF
Price / SF$598.79
Days on Market85
Property Features for 252 Saint Marys Avenue
General Information
Standard status
Active
Size
1,650 SF
Property subtype
Multifamily
Zoning
R3A
Additional Details
Business Included
Yes
Highway Access
Yes
Multifamily Units
3
Building Details
Year Built
1940
Stories
3
Units
3
Tenancy
Multi
Listing Agency:
Encore Real Estate LLC
Listed By:
Maureen Dituri · License #10491208944
Source:
Crexi
Added: Jun 2
Changed: Aug 8
Last Checked: Jun 6 at 5:39AM
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 Encore Real Estate LLC
Investment Insights
Based on property information with market context.
This two-family residential income property offers a versatile live-and-rent configuration, with a spacious 2-bedroom apartment over a 1-bedroom unit. In addition, there is a separate owner’s studio apartment that can serve as extended-family space, a guest area, or a home office. The property sits on a generous street-to-street lot and includes two detached garages, supporting practical storage needs and off-street parking along with outdoor space.
Conveniently positioned for day-to-day errands and commuting, the home is within walking distance to shopping and schools, and it is served by local and express buses. Access to the train and the Staten Island Ferry is also within walking distance. For faster regional travel, the Staten Island Expressway is just minutes away.
For tenants, buyers, or owner-occupants, the layout provides multiple ways to use the space while maintaining independent rental potential across the 2-bedroom, 1-bedroom, and studio components. The detached garages and larger lot area can be a meaningful advantage for day-to-day convenience, storage, and parking. Please note the sale is subject to E&O, and offers are governed by the stated “highest & best” process and submission requirements, including proof of funds and attorney materials, with no contingencies per the remarks.
Conveniently positioned for day-to-day errands and commuting, the home is within walking distance to shopping and schools, and it is served by local and express buses. Access to the train and the Staten Island Ferry is also within walking distance. For faster regional travel, the Staten Island Expressway is just minutes away.
For tenants, buyers, or owner-occupants, the layout provides multiple ways to use the space while maintaining independent rental potential across the 2-bedroom, 1-bedroom, and studio components. The detached garages and larger lot area can be a meaningful advantage for day-to-day convenience, storage, and parking. Please note the sale is subject to E&O, and offers are governed by the stated “highest & best” process and submission requirements, including proof of funds and attorney materials, with no contingencies per the remarks.
Key Highlights
- Two‑family property built in 1940 with a 2‑bedroom apartment over a 1‑bedroom unit
- Includes an additional owner studio apartment for extended family, guest space, home office, or rental use
- Street‑to‑street lot with two detached garages and ample parking
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
$43,321
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
4.38%
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%
$866,420
$866.4K
Cap Rate 7%
$618,871
$618.9K
Cap Rate 9%
$481,344
$481.3K
Market Conditions
NOI Build-Up for 1,650 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
$67.3K $40.80/SF
− Vacancy
−$5.4K −$3.29/SF
EGI
$61.9K $37.51/SF
− OpEx
−$18.6K −$11.25/SF
NOI
$43.3K $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 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%
$866,420
Cap Rate 7%
$618,871
Cap Rate 9%
$481,344
Alternative Uses
Best Use
Multifamily LT 5
$618.9K
$541.5K – $722.0K
NOI $43,321 @ 7.0% cap · market cap 4.38%
Second Best
Apartment 5plus
$569.4K
$498.2K – $664.3K
NOI $39,857 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$787.3K
$688.9K – $918.5K
NOI $55,110 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,072
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
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-family setup with a spacious 2-bedroom unit over a 1-bedroom plus an owner studio and detached garages.
Where is this duplex located?
The property is located at 252 Saint Marys Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $988,000.
What are key features of this property?
This property features: Two‑family property built in 1940 with a 2‑bedroom apartment over a 1‑bedroom unit; Includes an additional owner studio apartment for extended family, guest space, home office, or rental use; Street‑to‑street lot with two detached garages and ample parking
