Duplex Home with Separate
For Sale
$898,888
3 Mann Ave, Staten Island, NY 10314
Two residential units offer distinct layouts and independently metered utility service.
Property Size1,200 SF
Price / SF$749.07
Days on Market200
Property Features for 3 Mann Ave
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Multi-Family
Units
Unit Mix
3 BEDROOM MAIN Unit, 1 BEDROOM BASEMENT Apartment
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Building Details
Year Built
2008
Buildings
1
Listing Agency:
Robert DeFalco Realty, Inc.
Listed By:
Ann Grande · License #40GR1025086
(718) 987-7900
Source:
Statenislandhomelistings
Added: Feb 14
Changed: Sep 1
Last Checked: Sep 1 at 8:03PM
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 Robert DeFalco Realty, Inc.
Investment Insights
Based on property information with market context.
Built in 2008, this 1,200-square-foot duplex includes a three-bedroom main residence and a separate one-bedroom basement apartment. The primary home features a foyer, formal living room, half bath, dining room, eat-in kitchen, three upstairs bedrooms, and a full bath. Sliding doors connect the kitchen with the yard. The basement contains utility space along with the apartment, which includes a living room, kitchen, bedroom, and full bath.
The property has two hot water tanks, two gas meters, and two electric meters. The main residence is equipped with central air, while the basement apartment uses an AC unit. The home is near stores, restaurants, transportation, and an expressway.
The property has two hot water tanks, two gas meters, and two electric meters. The main residence is equipped with central air, while the basement apartment uses an AC unit. The home is near stores, restaurants, transportation, and an expressway.
Key Highlights
- Three‑bedroom main residence with a separate one‑bedroom basement apartment
- 1,200 square feet; built in 2008
- Separate utility service includes 2 hot water tanks, 2 gas meters, and 2 electric meters
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
$32,730
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
3.64%
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%
$654,600
$654.6K
Cap Rate 7%
$467,571
$467.6K
Cap Rate 9%
$363,667
$363.7K
Market Conditions
NOI Build-Up for 1,200 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
$49.0K $40.80/SF
− Vacancy
−$2.2K −$1.84/SF
EGI
$46.8K $38.96/SF
− OpEx
−$14.0K −$11.69/SF
NOI
$32.7K $27.27/SF
Area
ZIP 10314
Vacancy
4.50%
Lease Rate
$40.80 /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%
$654,600
Cap Rate 7%
$467,571
Cap Rate 9%
$363,667
Alternative Uses
Best Use
Multifamily LT 5
$467.6K
$409.1K – $545.5K
NOI $32,730 @ 7.0% cap · market cap 3.64%
Second Best
Apartment 5plus
$433.6K
$379.4K – $505.8K
NOI $30,349 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$572.6K
$501.0K – $668.0K
NOI $40,080 @ 7.0% cap · market cap 4.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,227
Businesses Nearby
Explore this area
Business Placement
Demographics for 10314, NY
92,157
Population
33,554
Households
2.7
Avg Household Size
41
Median Age
37%
College-Educated
89%
High-School Grad
13.0 sq mi
ZIP Area
7,089
Density / Sq Mi
$104,655
Median Household Income
$58,769
Median Earnings
$1,726
Median Rent
$665,500
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 - Two residential units offer distinct layouts and independently metered utility service.
Where is this duplex located?
The property is located at 3 Mann Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $898,888.
What are key features of this property?
This property features: Three‑bedroom main residence with a separate one‑bedroom basement apartment; 1,200 square feet; built in 2008; Separate utility service includes 2 hot water tanks, 2 gas meters, and 2 electric meters
