Detached Two-Family
New
For Sale
$1,150,000
302 Deems Avenue, Staten Island, NY 10314
Renovated income property with finished lower-level and attic space, separate entrances, updated kitchens, and flexible residential configuration.
Property Size2,208 SF
Days on Market7
Property Features for 302 Deems Avenue
General Information
Standard status
Active
Size
2,208 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,946
Building Details
Building Size
2,208 SF
Year Built
1915
Buildings
1
Construction
Colonial
Listing Agency:
RE/MAX Elite
Listed By:
Andrew C Morgan · License #10401337146
(917) 364-1979
Source:
Wonicarealtors
Added: Sep 16
Changed: Sep 21
Last Checked: Sep 21 at 6:59AM
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 RE/MAX Elite
Investment Insights
Based on property information with market context.
This detached two-family Colonial offers 2,208 square feet with 9 bedrooms and 4 bathrooms across two primary living levels, a finished basement, and a finished walk-up attic. Each main level includes a living room, formal dining room, eat-in kitchen, three bedrooms, and a full bathroom. The first-floor basement adds a family room, half bathroom, laundry area, storage, and a separate entrance. The upper level includes an enclosed front patio used as a lounge, while the attic provides three additional bedrooms, a three-quarter bathroom, and more storage.
The first and second levels were recently renovated with hardwood flooring in the living and dining areas, custom cabinetry on the first floor, and an updated second-floor kitchen. The roof and siding were replaced 6 years ago, and both hot water heaters were replaced 2 years ago. Split-unit AC systems serve the second floor and basement. The property is near schools, shopping, restaurants, public transportation, and the SI Expressway.
The first and second levels were recently renovated with hardwood flooring in the living and dining areas, custom cabinetry on the first floor, and an updated second-floor kitchen. The roof and siding were replaced 6 years ago, and both hot water heaters were replaced 2 years ago. Split-unit AC systems serve the second floor and basement. The property is near schools, shopping, restaurants, public transportation, and the SI Expressway.
Key Highlights
- 2,208‑square‑foot detached two‑family Colonial
- 9 bedrooms and 4 bathrooms
- Finished basement with separate entrance, family room, half bathroom, laundry, and storage
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
$60,223
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
5.24%
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%
$1,204,460
$1.2M
Cap Rate 7%
$860,329
$860.3K
Cap Rate 9%
$669,144
$669.1K
Market Conditions
NOI Build-Up for 2,208 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
$90.1K $40.80/SF
− Vacancy
−$4.1K −$1.84/SF
EGI
$86.0K $38.96/SF
− OpEx
−$25.8K −$11.69/SF
NOI
$60.2K $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%
$1,204,460
Cap Rate 7%
$860,329
Cap Rate 9%
$669,144
Alternative Uses
Best Use
Multifamily LT 5
$860.3K
$752.8K – $1.00M
NOI $60,223 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$797.8K
$698.0K – $930.7K
NOI $55,843 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$1.05M
$921.9K – $1.23M
NOI $73,748 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,225
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated income property with finished lower-level and attic space, separate entrances, updated kitchens, and flexible residential configuration.
Where is this duplex located?
The property is located at 302 Deems Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 2,208‑square‑foot detached two‑family Colonial; 9 bedrooms and 4 bathrooms; Finished basement with separate entrance, family room, half bathroom, laundry, and storage
