Detached Two-Family
For Sale
$1,360,000
Pending
287 Vail Ave, Staten Island, NY 10309
Detached two-family home with finished basement, central air, and upper-level studio apartment designed to support rental income.
Property Size2,865 SF
Days on Market146
Property Features for 287 Vail Ave
General Information
Standard status
Pending
Size
2,865 SF
Property subtype
Multi-Family
Additional Details
Sprinkler System
Yes
Multifamily Units
2
Building Details
Year Built
2005
Listing Agency:
Volpe Realty
Listed By:
Debra Ann Neglia · License #10491202006
(917) 887-5923
Source:
Statenislandhomelistings
Added: Jun 4
Changed: Oct 25
Last Checked: Oct 26 at 4:49PM
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 Volpe Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This detached two-family center hall Colonial offers a total flexible residential setup, including a studio apartment on the upper level. The home features hardwood floors and a wood-burning fireplace, along with central air and a sprinkler system. Recent updates include a newer kitchen and foyer tiles with radiant heat, and a 3/4 bath on the first floor that is described as approximately three years old. A fully finished basement adds additional usable living or storage space.
The property is located in the heart of Princes Bay on Vail Avenue in Staten Island. Exterior amenities include a patio and an in-ground pool that are described as ready for the summer season. The roof and solar panels are noted as approximately three years old, with solar panels included subject to an accepted offer.
For buyers seeking an owner-occupied arrangement or a rental-focused plan, the duplex configuration and upper-level studio apartment can provide an opportunity to offset carrying costs. With central heating and cooling, in-unit comfort features, and multiple finished spaces, this home may appeal to households looking for a turnkey, multi-dwelling structure within a residential setting. All measurements are approximate and subject to errors and omissions.
The property is located in the heart of Princes Bay on Vail Avenue in Staten Island. Exterior amenities include a patio and an in-ground pool that are described as ready for the summer season. The roof and solar panels are noted as approximately three years old, with solar panels included subject to an accepted offer.
For buyers seeking an owner-occupied arrangement or a rental-focused plan, the duplex configuration and upper-level studio apartment can provide an opportunity to offset carrying costs. With central heating and cooling, in-unit comfort features, and multiple finished spaces, this home may appeal to households looking for a turnkey, multi-dwelling structure within a residential setting. All measurements are approximate and subject to errors and omissions.
Key Highlights
- Detached 2‑family center hall colonial built in 2005 with finished basement
- Upper‑level studio apartment with A/C units designed to help pay the mortgage
- 3‑year‑old roof plus solar panels included (subject to satisfactory offer accepted by seller)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,247
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,424,940
$1.4M
Cap Rate 7%
$1,017,814
$1.0M
Cap Rate 9%
$791,633
$791.6K
Market Conditions
NOI Build-Up for 2,865 SF
Gross rent
$106.6K $37.20/SF
− Vacancy
−$4.8K −$1.67/SF
EGI
$101.8K $35.53/SF
− OpEx
−$30.5K −$10.66/SF
NOI
$71.2K $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 Rate 5%
$1,424,940
Cap Rate 7%
$1,017,814
Cap Rate 9%
$791,633
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$890.6K – $1.19M
NOI $71,247 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$907.6K
$794.2K – $1.06M
NOI $63,534 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$1.37M
$1.20M – $1.59M
NOI $95,692 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
512
Businesses Nearby
Explore this area
Business Placement
Demographics for 10309, NY
33,523
Population
12,770
Households
2.6
Avg Household Size
41
Median Age
40%
College-Educated
92%
High-School Grad
7.3 sq mi
ZIP Area
4,592
Density / Sq Mi
$123,638
Median Household Income
$67,348
Median Earnings
$1,907
Median Rent
$745,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Detached two-family home with finished basement, central air, and upper-level studio apartment designed to support rental income.
Where is this duplex located?
The property is located at 287 Vail Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $1,360,000.
What are key features of this property?
This property features: Detached 2‑family center hall colonial built in 2005 with finished basement; Upper‑level studio apartment with A/C units designed to help pay the mortgage; 3‑year‑old roof plus solar panels included (subject to satisfactory offer accepted by seller)
