Two-Family Detached
For Sale
$1,125,000
Pending
283 Rensselaer Ave, Staten Island, NY 10312
Duplex with a four-bedroom main residence and a separate one-bedroom apartment with private access.
Property Size2,250 SF
Days on Market82
Property Features for 283 Rensselaer Ave
General Information
Standard status
Pending
Size
2,250 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
1 x 4BR/2.5BA, 1 x 1BR
Multifamily Units
2
Additional Details
Road Access
Yes
Building Details
Year Built
2000
Buildings
1
Listing Agency:
Hometime Estates LLC
Listed By:
Lee Goldstein
(718) 614-3115
Source:
Statenislandhomelistings
Added: Jun 14
Changed: Aug 30
Last Checked: Aug 30 at 4:07AM
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 Hometime Estates LLC
Investment Insights
Based on property information with market context.
This detached duplex, built in 2000, contains 2,250 square feet of living space. The primary residence offers an open layout with 4 bedrooms and 2.5 bathrooms, while a separate one-bedroom apartment has its own entrance. A private driveway and built-in 2-car garage add practical convenience.
The property is positioned on a quiet dead-end street in Huguenot, near shopping, restaurants, parks, schools, and transportation. Its two-unit configuration provides distinct living areas within a single residential property, with additional space suitable for extended household needs or rental use as supported by the existing apartment arrangement.
The property is positioned on a quiet dead-end street in Huguenot, near shopping, restaurants, parks, schools, and transportation. Its two-unit configuration provides distinct living areas within a single residential property, with additional space suitable for extended household needs or rental use as supported by the existing apartment arrangement.
Key Highlights
- 2,250‑square‑foot detached duplex built in 2000
- Main residence includes 4 bedrooms and 2.5 bathrooms
- Separate one‑bedroom apartment with its own private entrance
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
$55,599
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
4.94%
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%
$1,111,980
$1.1M
Cap Rate 7%
$794,271
$794.3K
Cap Rate 9%
$617,767
$617.8K
Market Conditions
NOI Build-Up for 2,250 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
$86.4K $38.40/SF
− Vacancy
−$7.0K −$3.10/SF
EGI
$79.4K $35.30/SF
− OpEx
−$23.8K −$10.59/SF
NOI
$55.6K $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%
$1,111,980
Cap Rate 7%
$794,271
Cap Rate 9%
$617,767
Alternative Uses
Best Use
Multifamily LT 5
$794.3K
$695.0K – $926.7K
NOI $55,599 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$698.8K
$611.5K – $815.3K
NOI $48,916 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$1.07M
$939.4K – $1.25M
NOI $75,151 @ 7.0% cap · market cap 6.68%
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
505
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
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with a four-bedroom main residence and a separate one-bedroom apartment with private access.
Where is this duplex located?
The property is located at 283 Rensselaer Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: 2,250‑square‑foot detached duplex built in 2000; Main residence includes 4 bedrooms and 2.5 bathrooms; Separate one‑bedroom apartment with its own private entrance
