Detached Two-Unit Duplex with
For Sale
$760,000
333 Hanover Ave Staten, Staten Island, NY 10304
Separate utility systems and flexible layouts support both owner occupancy and investment use.
Property Size2,000 SF
Lot Size0.11 Acres
Price / SF$380
Days on Market122
Property Features for 333 Hanover Ave Staten
General Information
Standard status
Active
Size
2,000 SF
Lot size
0.11 Acres
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2-3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
window A/C
laundry room
Forced Air
Natural Gas
Window Unit(s)
Hot Water
Building Details
Year Built
1932
Buildings
1
Stories
2
Building Size
2,000 SF
Listing Agency:
Keller Williams Realty Empire
Listed By:
WEIPING LIANG · License #10401332637
(917) 724-9751
Source:
Kw
Added: May 5
Changed: Sep 2
Last Checked: Sep 1 at 4:15PM
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 Keller Williams Realty Empire
Investment Insights
Based on property information with market context.
This detached duplex contains two independent residences totaling 2,000 sqft of living space on a 5,000 sqft lot. The first-floor unit measures 1,132 sqft and includes a flexible 2-3-bedroom arrangement with one full bath, forced-air heat, and window A/C. The 868 sqft second-floor unit has two bedrooms, one full bath, baseboard heat, window A/C units, and a laundry room that may also serve as a third bedroom. Each residence has its own gas meter, electric meter, and furnace.
A full unfinished basement with a side entrance adds adaptable supporting space. The property also includes a private 12ft wide driveway and detached two-car garage. Recent work includes a newer roof about 5 years old and front steps and masonry completed in 2025. Bus service includes the S93 and S53 routes to Brooklyn, with express buses to Manhattan. The property is also minutes from the Verrazzano Bridge and near shopping at Targee Plaza.
A full unfinished basement with a side entrance adds adaptable supporting space. The property also includes a private 12ft wide driveway and detached two-car garage. Recent work includes a newer roof about 5 years old and front steps and masonry completed in 2025. Bus service includes the S93 and S53 routes to Brooklyn, with express buses to Manhattan. The property is also minutes from the Verrazzano Bridge and near shopping at Targee Plaza.
Key Highlights
- Two detached residential units with 2,000 sqft of total living space
- 5,000 sqft lot with private 12ft wide driveway
- Separate systems include 2 gas meters, 2 electric meters, and 2 furnaces
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
$49,422
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
6.50%
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%
$988,440
$988.4K
Cap Rate 7%
$706,029
$706.0K
Cap Rate 9%
$549,133
$549.1K
Market Conditions
NOI Build-Up for 2,000 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
$76.8K $38.40/SF
− Vacancy
−$6.2K −$3.10/SF
EGI
$70.6K $35.30/SF
− OpEx
−$21.2K −$10.59/SF
NOI
$49.4K $24.71/SF
Area
ZIP 10304
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 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%
$988,440
Cap Rate 7%
$706,029
Cap Rate 9%
$549,133
Alternative Uses
Best Use
Multifamily LT 5
$706.0K
$617.8K – $823.7K
NOI $49,422 @ 7.0% cap · market cap 6.50%
Second Best
Apartment 5plus
$647.0K
$566.2K – $754.9K
NOI $45,293 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$954.3K
$835.0K – $1.11M
NOI $66,800 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,031
Businesses Nearby
Explore this area
Business Placement
Demographics for 10304, NY
46,944
Population
17,524
Households
2.7
Avg Household Size
38
Median Age
31%
College-Educated
84%
High-School Grad
3.5 sq mi
ZIP Area
13,413
Density / Sq Mi
$71,506
Median Household Income
$41,752
Median Earnings
$1,516
Median Rent
$659,900
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 - Separate utility systems and flexible layouts support both owner occupancy and investment use.
Where is this duplex located?
The property is located at 333 Hanover Ave Staten Staten Island, NY.
What is the asking price?
The asking price for this property is $760,000.
What are key features of this property?
This property features: Two detached residential units with 2,000 sqft of total living space; 5,000 sqft lot with private 12ft wide driveway; Separate systems include 2 gas meters, 2 electric meters, and 2 furnaces
