Detached Two-Family with
For Sale
Contact for pricing
Pending
33 Van Name Avenue, Staten Island, NY 10303
Detached two-family in excellent condition with multiple tiled living areas, owned solar, and a 1.5-car detached garage.
Property Size2,800 SF
Lot Size0.12 Acres
Days on Market88
Property Features for 33 Van Name Avenue
General Information
Standard status
Pending
Size
2,800 SF
Lot size
0.12 Acres
Property subtype
Multifamily
Zoning
R3A
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Building Details
Year Built
1920
Stories
3
Units
2
Tenancy
Multi
Listing Agency:
Ed Bruno Realty, LLC
(917) 365-5652
Listed By:
Edward Bruno · License #10491206964
Source:
Crexi
Added: May 27
Changed: Aug 8
Last Checked: Jul 24 at 8:58AM
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 Ed Bruno Realty, LLC
Investment Insights
Based on property information with market context.
Detached two-family home presented in excellent condition on a 40 x 131 lot, with a detached 1.5-car garage, maintenance-free rear yard, and additional finished space in the basement. The first-floor layout includes an enclosed front sun room or office with sliding access to the front porch, a living/dining area with all tile floors, multiple in-ceiling lighting fixtures, and a separate eat-in kitchen with extensive glass tile wall and backsplash, granite countertops, and maple cabinetry. Additional highlights include a full bathroom with a hot tub, a primary bedroom with 3/4 bath, a bedroom and office, and a finished basement featuring a full bath, washer/dryer, two rooms, a bar, and door access to the rear yard.
The second-floor apartment has four rooms with tile floors, including living area, eat-in kitchen, and two bedrooms, plus a fully tiled bathroom. Stairs lead to a finished attic with new carpeting and baseboard heat, and the home has updated windows including Pella and Andersen units. The roof is reported as approximately 12 years old, and there is a newer roof over the one-story rear bathroom; the driveway is concrete and long enough for 3+ cars.
Built to support flexible occupancy, the property offers two separate apartment levels plus a finished basement and finished attic space. For owners or buyers seeking a detached two-family configuration, it also includes owned solar panels, with an electric bill referenced at approximately $25 per month, and multiple in-wall air conditioning units across both floors. The oversized detached 1.5-car garage includes stairs to a floored storage area above and a garage door opener, supporting everyday convenience and storage.
The second-floor apartment has four rooms with tile floors, including living area, eat-in kitchen, and two bedrooms, plus a fully tiled bathroom. Stairs lead to a finished attic with new carpeting and baseboard heat, and the home has updated windows including Pella and Andersen units. The roof is reported as approximately 12 years old, and there is a newer roof over the one-story rear bathroom; the driveway is concrete and long enough for 3+ cars.
Built to support flexible occupancy, the property offers two separate apartment levels plus a finished basement and finished attic space. For owners or buyers seeking a detached two-family configuration, it also includes owned solar panels, with an electric bill referenced at approximately $25 per month, and multiple in-wall air conditioning units across both floors. The oversized detached 1.5-car garage includes stairs to a floored storage area above and a garage door opener, supporting everyday convenience and storage.
Key Highlights
- Detached 2‑family home on a 40 x 131 lot with 2800 SF total living space (not counting the finished basement)
- Owned solar panels with electric bill reported at $25/month
- Seven AC units total: 5 on the 1st floor and 2 on the 2nd floor, plus Pella windows with interior blinds (additional newer windows also listed)
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
$69,631
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
8.19%
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%
$1,392,620
$1.4M
Cap Rate 7%
$994,729
$994.7K
Cap Rate 9%
$773,678
$773.7K
Market Conditions
NOI Build-Up for 2,800 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
$104.2K $37.20/SF
− Vacancy
−$4.7K −$1.67/SF
EGI
$99.5K $35.53/SF
− OpEx
−$29.8K −$10.66/SF
NOI
$69.6K $24.87/SF
Area
Staten Island, NY
Vacancy
4.50%
Lease Rate
$37.20 /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%
$1,392,620
Cap Rate 7%
$994,729
Cap Rate 9%
$773,678
Alternative Uses
Best Use
Multifamily LT 5
$994.7K
$870.4K – $1.16M
NOI $69,631 @ 7.0% cap · market cap 8.19%
Second Best
Apartment 5plus
$887.0K
$776.2K – $1.03M
NOI $62,093 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,521 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
787
Businesses Nearby
Explore this area
Business Placement
Demographics for 10303, NY
28,155
Population
9,580
Households
2.9
Avg Household Size
34
Median Age
30%
College-Educated
83%
High-School Grad
3.2 sq mi
ZIP Area
8,798
Density / Sq Mi
$79,429
Median Household Income
$49,072
Median Earnings
$1,520
Median Rent
$457,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Detached two-family in excellent condition with multiple tiled living areas, owned solar, and a 1.5-car detached garage.
Where is this duplex located?
The property is located at 33 Van Name Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Detached 2‑family home on a 40 x 131 lot with 2800 SF total living space (not counting the finished basement); Owned solar panels with electric bill reported at $25/month; Seven AC units total: 5 on the 1st floor and 2 on the 2nd floor, plus Pella windows with interior blinds (additional newer windows also listed)
