Two-Family Duplex Income
For Sale
Contact for pricing
Pending
2671 Amboy Road, Staten Island, NY 10306
Two separate residential units provide a straightforward income setup with a three-bedroom duplex and a separate two-bedroom apartment.
Property Size2,732 SF
Days on Market66
Property Features for 2671 Amboy Road
General Information
Standard status
Pending
Size
2,732 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
2
Building Details
Year Built
1925
Listing Agency:
Revolution Real Estate
Listed By:
Salvatore Taormina · License #000000
Source:
Crexi
Added: Jun 4
Changed: Jul 10
Last Checked: Jul 24 at 3:02PM
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 Revolution Real Estate
Investment Insights
Based on property information with market context.
This two-family property offers two independent living arrangements under one ownership structure. The duplex component features a spacious three-bedroom unit, paired with a separate two-bedroom apartment. The property is currently occupied, and the sales process is subject to third-party approval, with cash offers preferred. Offers that allow the existing tenants to remain in place will be given priority.
Access is limited to drive-by only, so prospective buyers should plan for review from the exterior and confirm details through the seller during the approval process. The property is marketed as a residential income asset and is presented for sale as-is, with occupancy continuing during negotiations subject to acceptance terms.
For buyers seeking a multi-unit residential setup, the unit mix provides two separate rental spaces: a larger three-bedroom duplex and an additional two-bedroom apartment. This layout may appeal to investors or owner-occupants looking to manage or stabilize income from multiple units while the property remains occupied through closing. Due to third-party approval and the tenant-in-place priority, buyers should be prepared to move efficiently with the offer terms and required documentation.
Access is limited to drive-by only, so prospective buyers should plan for review from the exterior and confirm details through the seller during the approval process. The property is marketed as a residential income asset and is presented for sale as-is, with occupancy continuing during negotiations subject to acceptance terms.
For buyers seeking a multi-unit residential setup, the unit mix provides two separate rental spaces: a larger three-bedroom duplex and an additional two-bedroom apartment. This layout may appeal to investors or owner-occupants looking to manage or stabilize income from multiple units while the property remains occupied through closing. Due to third-party approval and the tenant-in-place priority, buyers should be prepared to move efficiently with the offer terms and required documentation.
Key Highlights
- Two‑family property built in 1925
- Includes a spacious three‑bedroom duplex unit
- Separate two‑bedroom apartment unit
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
$61,667
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
8.82%
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%
$1,233,340
$1.2M
Cap Rate 7%
$880,957
$881.0K
Cap Rate 9%
$685,189
$685.2K
Market Conditions
NOI Build-Up for 2,732 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
$118.0K $43.20/SF
− Vacancy
−$5.9K −$2.16/SF
EGI
$112.1K $41.04/SF
− OpEx
−$50.5K −$18.47/SF
NOI
$61.7K $22.57/SF
Area
ZIP 10306
Vacancy
5.00%
Lease Rate
$43.20 /SF/Yr
Expense Ratio
45.00%
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%
$1,233,340
Cap Rate 7%
$880,957
Cap Rate 9%
$685,189
Alternative Uses
Best Use
Multifamily LT 5
$991.4K
$867.5K – $1.16M
NOI $69,397 @ 7.0% cap · market cap 9.93%
Second Best
Apartment 5plus
$881.0K
$770.8K – $1.03M
NOI $61,667 @ 7.0% cap · market cap 8.82%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,249 @ 7.0% cap · market cap 13.05%
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
1,515
Businesses Nearby
Explore this area
Business Placement
Demographics for 10306, NY
57,919
Population
21,299
Households
2.7
Avg Household Size
43
Median Age
34%
College-Educated
88%
High-School Grad
7.2 sq mi
ZIP Area
8,044
Density / Sq Mi
$97,746
Median Household Income
$54,052
Median Earnings
$1,743
Median Rent
$675,400
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 separate residential units provide a straightforward income setup with a three-bedroom duplex and a separate two-bedroom apartment.
Where is this duplex located?
The property is located at 2671 Amboy Road Staten Island, NY.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two‑family property built in 1925; Includes a spacious three‑bedroom duplex unit; Separate two‑bedroom apartment unit
