Detached Duplex with
For Sale
$759,000
304 Kingsley Ave, Staten Island, NY 10314
Two-family layout with a basement, updated electrical service, and flexible occupancy options for extended living or rental use.
Property Size1,403 SF
Lot Size0.08 Acres
Price / SF$540.98
Days on Market180
Property Features for 304 Kingsley Ave
General Information
Standard status
Active
Size
1,403 SF
Lot size
0.08 Acres
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
fair condition
Additional Details
Multifamily Units
2
Building Details
Year Built
1955
Buildings
1
Construction
colonial
Listing Agency:
Bhuiyan Properties LLC
Listed By:
Rashid Bhuiyan · License #10491211291
Source:
Statenislandhomelistings
Added: Mar 4
Changed: Aug 31
Last Checked: Aug 31 at 12:29AM
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 Bhuiyan Properties LLC
Investment Insights
Based on property information with market context.
This detached duplex offers a two-family configuration with 3 bedrooms and 3 baths. The property includes a full partially finished basement, a built-in garage, and additional parking. A new roof and updated electrical work completed in 2025 add recent improvements, while the home remains in fair condition for future customization.
Set on a 40x90 lot at 304 Kingsley Ave in Staten Island, the property is located in Westerleigh near shopping and transportation. The arrangement supports living in one unit while renting the other, or using both units for a multigenerational household. Built in 1955, the home provides a residential income property format with adaptable occupancy potential.
Set on a 40x90 lot at 304 Kingsley Ave in Staten Island, the property is located in Westerleigh near shopping and transportation. The arrangement supports living in one unit while renting the other, or using both units for a multigenerational household. Built in 1955, the home provides a residential income property format with adaptable occupancy potential.
Key Highlights
- Two‑family detached duplex with 3 bedrooms and 3 baths
- 40x90 lot in Westerleigh, Staten Island
- New roof and updated electrical completed in 2025
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
$38,267
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
5.04%
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%
$765,340
$765.3K
Cap Rate 7%
$546,671
$546.7K
Cap Rate 9%
$425,189
$425.2K
Market Conditions
NOI Build-Up for 1,403 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
$57.2K $40.80/SF
− Vacancy
−$2.6K −$1.84/SF
EGI
$54.7K $38.96/SF
− OpEx
−$16.4K −$11.69/SF
NOI
$38.3K $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%
$765,340
Cap Rate 7%
$546,671
Cap Rate 9%
$425,189
Alternative Uses
Best Use
Multifamily LT 5
$546.7K
$478.3K – $637.8K
NOI $38,267 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$506.9K
$443.6K – $591.4K
NOI $35,484 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$669.4K
$585.8K – $781.0K
NOI $46,861 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,620
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-family layout with a basement, updated electrical service, and flexible occupancy options for extended living or rental use.
Where is this duplex located?
The property is located at 304 Kingsley Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $759,000.
What are key features of this property?
This property features: Two‑family detached duplex with 3 bedrooms and 3 baths; 40x90 lot in Westerleigh, Staten Island; New roof and updated electrical completed in 2025
