Immaculate Two-Family Home with
For Sale
Contact for pricing
Pending
292 Chesterton Avenue, Staten Island, NY 10306
Updated two-family home with income potential, convenient location.
Property Size2,184 SF
Days on Market112
Property Features for 292 Chesterton Avenue
General Information
Standard status
Pending
Size
2,184 SF
Property subtype
Multifamily
Zoning
R3-1
Building Details
Year Built
1960
Stories
2
Units
1
Listing Agency:
Coldwell Banker Advantage
Listed By:
Gina D'Onofrio · License #10301210198
Source:
Crexi
Added: May 15
Changed: Aug 8
Last Checked: Jul 26 at 1:39PM
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 Coldwell Banker Advantage
Investment Insights
Based on property information with market context.
This is an immaculately maintained and updated, fully detached two-family home. The first floor apartment features an eat-in kitchen, living room, dining room, and three bedrooms, with oak hardwood floors throughout. The full finished basement adds to the living space and offers an open floor plan, plenty of storage space, and a laundry room. A separate side entrance from the basement leads to a private backyard with views of lush park grounds. The second floor apartment has two bedrooms, a similar layout, hardwood floors, and a new modern kitchen and bathroom. Upgrades include updated mechanicals and roof. The property is convenient to transportation, schools, parks, beaches, and shopping. The property offers income potential or multi-generational living.
Key Highlights
- Two‑family home offering income potential or multi‑generational living
- Updated mechanicals and roof
- Finished basement with separate entrance, open floor plan, storage, and laundry room
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
$55,477
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
5.28%
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%
$1,109,540
$1.1M
Cap Rate 7%
$792,529
$792.5K
Cap Rate 9%
$616,411
$616.4K
Market Conditions
NOI Build-Up for 2,184 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
$83.9K $38.40/SF
− Vacancy
−$4.6K −$2.11/SF
EGI
$79.3K $36.29/SF
− OpEx
−$23.8K −$10.89/SF
NOI
$55.5K $25.40/SF
Area
ZIP 10306
Vacancy
5.50%
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%
$1,109,540
Cap Rate 7%
$792,529
Cap Rate 9%
$616,411
Alternative Uses
Best Use
Multifamily LT 5
$792.5K
$693.5K – $924.6K
NOI $55,477 @ 7.0% cap · market cap 5.28%
Second Best
Apartment 5plus
$704.2K
$616.2K – $821.6K
NOI $49,297 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$1.04M
$911.8K – $1.22M
NOI $72,946 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
338
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 - Updated two-family home with income potential, convenient location.
Where is this duplex located?
The property is located at 292 Chesterton Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Two‑family home offering income potential or multi‑generational living; Updated mechanicals and roof; Finished basement with separate entrance, open floor plan, storage, and laundry room
