Renovated Semi-Detached Single-Family
For Sale
$749,900
299 Bedford Avenue, Staten Island, NY 10306
SINGLE_FAMILY - Colonial - Staten Island, NY
Property Size1,184 SF
Lot Size0.06 Acres
Price / SF$633.36
Days on Market151
Property Features for 299 Bedford Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-1
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Rooms
Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1
Parking features
Off Street, On Street, Carport
Patio and Porch features
Patio, Deck
Fencing
Fenced
Basement
Finished, Full
Appliances
Dishwasher, Dryer, Microwave, Refrigerator, Washer
Lot features
Front Yard, Back Yard, Side
Subdivision
Grant City
Standard status
Active
APN
3688-28
Size
1,184 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
5362
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Building Details
Year built
1970
Floors in Building
2
Building materials
Vinyl Siding
Architectural style
Colonial
Listing Agency:
Gillani Homes Inc.
(718) 442-4400
Listed By:
Eric Li
(917) 445-3389
Added: Apr 12
Changed: Aug 2
Last Checked: Sep 9 at 8:06PM
MLS# 2601941
Copyright © 2026 Staten Island Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Newly renovated semi-detached, one-family home featuring fresh interior paint and updated improvements including a new water heater, new entry door, and a new kitchen window. The main floor offers an eat-in kitchen plus a 16' wide formal dining and living room. Upstairs, three bedrooms and a full bathroom are complemented by a pull-down ladder to access a high attic for extra storage.
A walk-in basement entry from the backyard includes a studio with a bathroom and a standard-height window for natural light. The back-side street access is described as wheelchair accessible. Additional exterior storage is provided by two backyard sheds, along with a decked backyard reached via a side driveway.
Set on a 25' x 100' lot with a 16' x 37' building footprint, the property is all above ground from the backyard and includes a private carport at the front. Zoned R3-1, the listing notes convenient access to Hylan Blvd and Midland Ave, with a 79 bus to Brooklyn and express buses to Manhattan, plus nearby schools, supermarkets, doctor offices, and recreation.
A walk-in basement entry from the backyard includes a studio with a bathroom and a standard-height window for natural light. The back-side street access is described as wheelchair accessible. Additional exterior storage is provided by two backyard sheds, along with a decked backyard reached via a side driveway.
Set on a 25' x 100' lot with a 16' x 37' building footprint, the property is all above ground from the backyard and includes a private carport at the front. Zoned R3-1, the listing notes convenient access to Hylan Blvd and Midland Ave, with a 79 bus to Brooklyn and express buses to Manhattan, plus nearby schools, supermarkets, doctor offices, and recreation.
Key Highlights
- Newly renovated semi‑detached 3‑bedroom home with fresh paint and floors
- 25' x 100' lot with 16' x 37' building size and 3 stories above ground from the backyard
- Main floor features eat‑in kitchen plus 16' wide formal dining and living 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
$26,725
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
3.56%
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%
$534,500
$534.5K
Cap Rate 7%
$381,786
$381.8K
Cap Rate 9%
$296,944
$296.9K
Market Conditions
NOI Build-Up for 1,184 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
$51.1K $43.20/SF
− Vacancy
−$2.6K −$2.16/SF
EGI
$48.6K $41.04/SF
− OpEx
−$21.9K −$18.47/SF
NOI
$26.7K $22.57/SF
Area
ZIP 10306
Vacancy
5.00%
Lease Rate
$43.20 /SF/Yr
Expense Ratio
45.00%
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%
$534,500
Cap Rate 7%
$381,786
Cap Rate 9%
$296,944
Alternative Uses
Best Use
Apartment 5plus
$381.8K
$334.1K – $445.4K
NOI $26,725 @ 7.0% cap · market cap 3.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$564.9K
$494.3K – $659.1K
NOI $39,546 @ 7.0% cap · market cap 5.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,391
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
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Frequently Asked Questions
What type of property is this?
Single family property - Newly renovated three-bedroom home with eat-in kitchen, formal dining/living, and a backyard-access studio with bathroom.
Where is this single family property located?
The property is located at 299 Bedford Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Newly renovated semi‑detached 3‑bedroom home with fresh paint and floors; 25' x 100' lot with 16' x 37' building size and 3 stories above ground from the backyard; Main floor features eat‑in kitchen plus 16' wide formal dining and living room
