Two-Family Colonial
For Sale
$1,388,000
Pending
29 Burgher Ave, Staten Island, NY 10304
2017-built duplex with updated interiors, a finished basement, private driveway, detached garage, and separate lower-level apartment.
Property Size2,750 SF
Days on Market154
Property Features for 29 Burgher Ave
General Information
Standard status
Pending
Size
2,750 SF
Property subtype
Multi-Family
Building Details
Year Built
2017
Listing Agency:
Ashford Homes LLC
Listed By:
Kawing Chiu · License #10301208208
(929) 364-1301
Source:
Statenislandhomelistings
Added: Apr 2
Changed: Sep 2
Last Checked: Sep 1 at 7:38PM
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 Ashford Homes LLC
Investment Insights
Based on property information with market context.
Located at 29 Burgher Ave in Staten Island, this 2,750-square-foot duplex was built in 2017 and contains two residential apartments. The primary residence offers three bedrooms and three baths, along with hardwood flooring, recessed lighting, custom millwork, and a bright open living and dining arrangement. Its kitchen includes granite counters, tile backsplash, stainless steel appliances, wood cabinetry, and a center island. A fireplace and direct backyard access extend the entertaining area.
The lower residence is a three-room apartment with a full bath, central heating, and air conditioning. Building systems include four-zone hot-water heat, two A/C units, Pella windows, fire sprinklers, and an alarm system. Additional improvements include a finished basement, brick-front and vinyl-sided exterior, detached garage, private driveway, and maintained yard space. The property is near shopping, transportation, schools, and parks.
The lower residence is a three-room apartment with a full bath, central heating, and air conditioning. Building systems include four-zone hot-water heat, two A/C units, Pella windows, fire sprinklers, and an alarm system. Additional improvements include a finished basement, brick-front and vinyl-sided exterior, detached garage, private driveway, and maintained yard space. The property is near shopping, transportation, schools, and parks.
Key Highlights
- Two‑family duplex with 2,750 SF of building area
- Built in 2017 with a three‑bedroom, three‑bath main apartment
- Separate lower‑level three‑room apartment with full bath
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
$67,955
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
4.90%
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%
$1,359,100
$1.4M
Cap Rate 7%
$970,786
$970.8K
Cap Rate 9%
$755,056
$755.1K
Market Conditions
NOI Build-Up for 2,750 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
$105.6K $38.40/SF
− Vacancy
−$8.5K −$3.10/SF
EGI
$97.1K $35.30/SF
− OpEx
−$29.1K −$10.59/SF
NOI
$68.0K $24.71/SF
Area
ZIP 10304
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%
$1,359,100
Cap Rate 7%
$970,786
Cap Rate 9%
$755,056
Alternative Uses
Best Use
Multifamily LT 5
$970.8K
$849.4K – $1.13M
NOI $67,955 @ 7.0% cap · market cap 4.90%
Second Best
Apartment 5plus
$889.7K
$778.5K – $1.04M
NOI $62,277 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,851 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,293
Businesses Nearby
Explore this area
Business Placement
Demographics for 10304, NY
46,944
Population
17,524
Households
2.7
Avg Household Size
38
Median Age
31%
College-Educated
84%
High-School Grad
3.5 sq mi
ZIP Area
13,413
Density / Sq Mi
$71,506
Median Household Income
$41,752
Median Earnings
$1,516
Median Rent
$659,900
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 - 2017-built duplex with updated interiors, a finished basement, private driveway, detached garage, and separate lower-level apartment.
Where is this duplex located?
The property is located at 29 Burgher Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $1,388,000.
What are key features of this property?
This property features: Two‑family duplex with 2,750 SF of building area; Built in 2017 with a three‑bedroom, three‑bath main apartment; Separate lower‑level three‑room apartment with full bath
