Updated Two-Family Duplex with
For Sale
$799,000
Pending
27 Wright Ave, Staten Island, NY 10303
Detached residential income property with a renovated vacant unit, additional rental occupancy, basement space, and off-street parking.
Property Size2,496 SF
Days on Market420
Property Features for 27 Wright Ave
General Information
Standard status
Pending
Size
2,496 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Building Details
Year Built
1915
Buildings
1
Stories
3
Listing Agency:
DiTommaso Real Estate
Listed By:
Dianne E Lopardo · License #10401205678
(718) 356-9200
Source:
Statenislandhomelistings
Added: Jul 13, 2025
Changed: Sep 2
Last Checked: Sep 4 at 7:35AM
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 DiTommaso Real Estate
Investment Insights
Based on property information with market context.
This detached two-family duplex offers 2,496 square feet across a 3-story layout completed in 1915. The property contains 6 bedrooms and 2 baths, with a renovated 3-bedroom first-floor unit currently vacant and equipped with new appliances. The second-floor 3-bedroom unit is occupied. An unfinished basement and walk-up third level add additional interior space, while private off-street parking supports the property’s functionality.
The Staten Island address at 27 Wright Ave, Staten Island, NY 10303 provides access for commuters traveling toward Brooklyn and Manhattan. The combination of a vacant renovated unit, an occupied second unit, and supplemental basement and upper-level space creates a clearly defined two-family configuration.
The Staten Island address at 27 Wright Ave, Staten Island, NY 10303 provides access for commuters traveling toward Brooklyn and Manhattan. The combination of a vacant renovated unit, an occupied second unit, and supplemental basement and upper-level space creates a clearly defined two-family configuration.
Key Highlights
- Two‑family detached duplex with 2,496 square feet
- 3‑story property built in 1915
- 6 bedrooms and 2 baths across two units
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
$62,071
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
7.77%
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%
$1,241,420
$1.2M
Cap Rate 7%
$886,729
$886.7K
Cap Rate 9%
$689,678
$689.7K
Market Conditions
NOI Build-Up for 2,496 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
$92.9K $37.20/SF
− Vacancy
−$4.2K −$1.67/SF
EGI
$88.7K $35.53/SF
− OpEx
−$26.6K −$10.66/SF
NOI
$62.1K $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%
$1,241,420
Cap Rate 7%
$886,729
Cap Rate 9%
$689,678
Alternative Uses
Best Use
Multifamily LT 5
$886.7K
$775.9K – $1.03M
NOI $62,071 @ 7.0% cap · market cap 7.77%
Second Best
Apartment 5plus
$790.7K
$691.9K – $922.5K
NOI $55,351 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,367 @ 7.0% cap · market cap 10.43%
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
711
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 - Detached residential income property with a renovated vacant unit, additional rental occupancy, basement space, and off-street parking.
Where is this duplex located?
The property is located at 27 Wright Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two‑family detached duplex with 2,496 square feet; 3‑story property built in 1915; 6 bedrooms and 2 baths across two units
