Two-Family Duplex with Finished
33 Downes Avenue, Staten Island, NY 10312
For Sale
$890,000
Separate living areas are arranged across the first and second levels, with attic storage and a finished basement opening to the yard.
Property Size1,480 SF
Price / SF$601.35
Days on Market84
Property Features for 33 Downes Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Walk-In Closet(s)
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Kirin Real Estate LLC
(929) 460-0188
Listed By:
Allen Z Luo · License NY #10491214007
(917) 889-6555
Source:
Connieprofaci
Added: Aug 19
Changed: Nov 7
Last Checked: Nov 9 at 2:28PM
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 Kirin Real Estate LLC
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Investment Insights
Based on property information with market context.
This 1,480-square-foot duplex, built in 1986, is offered in as-is condition. The first level includes a one-bedroom apartment with a living room, eat-in kitchen, and full bathroom, along with a foyer and garage access. The main unit occupies the second level, with an eat-in kitchen, combined living and dining room, four bedrooms, a walk-in closet, and bathrooms. Attic storage is located on the third level.
The full finished basement provides access to the yard. The property is zoned R3X.
The full finished basement provides access to the yard. The property is zoned R3X.
Key Highlights
- 1,480 square feet; built in 1986
- Two‑family configuration with a one‑bedroom apartment on the first level
- Main unit includes four bedrooms and a walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,572
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$731,440
$731.4K
Cap Rate 7%
$522,457
$522.5K
Cap Rate 9%
$406,356
$406.4K
Market Conditions
NOI Build-Up for 1,480 SF
Gross rent
$56.8K $38.40/SF
− Vacancy
−$4.6K −$3.10/SF
EGI
$52.2K $35.30/SF
− OpEx
−$15.7K −$10.59/SF
NOI
$36.6K $24.71/SF
Area
ZIP 10312
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$731,440
Cap Rate 7%
$522,457
Cap Rate 9%
$406,356
Alternative Uses
Best Use
Multifamily LT 5
$522.5K
$457.2K – $609.5K
NOI $36,572 @ 7.0% cap · market cap 4.11%
Second Best
Apartment 5plus
$459.7K
$402.2K – $536.3K
NOI $32,176 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$706.2K
$617.9K – $823.9K
NOI $49,432 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
474
Businesses Nearby
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Business Placement
Demographics for 10312, NY
61,642
Population
22,547
Households
2.7
Avg Household Size
43
Median Age
41%
College-Educated
92%
High-School Grad
6.9 sq mi
ZIP Area
8,934
Density / Sq Mi
$111,434
Median Household Income
$62,700
Median Earnings
$1,911
Median Rent
$698,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Staten Island, NY
Properties on Market for Duplexes in Staten Island
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate living areas are arranged across the first and second levels, with attic storage and a finished basement opening to the yard.
Where is this duplex located?
The property is located at 33 Downes Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: 1,480 square feet; built in 1986; Two‑family configuration with a one‑bedroom apartment on the first level; Main unit includes four bedrooms and a walk‑in closet
