Two-Family Home With Rental
New
For Sale
$1,425,000
35 Landis Ave, Staten Island, NY 10305
Residential income property with a backyard, cul-de-sac setting, and convenient access to transit and daily amenities.
Property Size2,756 SF
Days on Market4
Property Features for 35 Landis Ave
General Information
Standard status
Active
Size
2,756 SF
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 5BR/4BA, 1 x 3BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,072
Amenities
large backyard
Building Details
Building Size
2,756 SF
Year Built
1930
Stories
2
Listed By:
C. Michel Scibetta - Nicolo
(718) 987-7900
Source:
Elliman
Added: Sep 22
Changed: Sep 23
Last Checked: Sep 24 at 3:03PM
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 C. Michel Scibetta - Nicolo
Investment Insights
Based on property information with market context.
Built in 1930, this two-family residential property offers five bedrooms and four bathrooms across the main home, along with a separate three-bedroom rental unit. The layout provides substantial living space for the primary residence while maintaining a distinct secondary dwelling.
The property sits on a cul-de-sac in Arrochar at 35 Landis Avenue, with a large backyard for outdoor use. It is positioned near the Verrazzano-Narrows Bridge, public transportation, shopping, dining, and major roadways. WalkScore is 86, TransitScore is 69, and BikeScore is 71.
The property sits on a cul-de-sac in Arrochar at 35 Landis Avenue, with a large backyard for outdoor use. It is positioned near the Verrazzano-Narrows Bridge, public transportation, shopping, dining, and major roadways. WalkScore is 86, TransitScore is 69, and BikeScore is 71.
Key Highlights
- Two‑family property with 5 bedrooms and 4 bathrooms in the main home
- Separate 3‑bedroom rental unit
- Large backyard and cul‑de‑sac setting
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
$72,359
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
5.08%
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%
$1,447,180
$1.4M
Cap Rate 7%
$1,033,700
$1.0M
Cap Rate 9%
$803,989
$804.0K
Market Conditions
NOI Build-Up for 2,756 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
$112.4K $40.80/SF
− Vacancy
−$9.1K −$3.29/SF
EGI
$103.4K $37.51/SF
− OpEx
−$31.0K −$11.25/SF
NOI
$72.4K $26.26/SF
Area
ZIP 10305
Vacancy
8.07%
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%
$1,447,180
Cap Rate 7%
$1,033,700
Cap Rate 9%
$803,989
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$904.5K – $1.21M
NOI $72,359 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$951.1K
$832.2K – $1.11M
NOI $66,574 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$1.32M
$1.15M – $1.53M
NOI $92,051 @ 7.0% cap · market cap 6.46%
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
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
632
Businesses Nearby
Explore this area
Business Placement
Demographics for 10305, NY
44,008
Population
16,850
Households
2.6
Avg Household Size
41
Median Age
32%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
11,002
Density / Sq Mi
$86,294
Median Household Income
$52,183
Median Earnings
$1,656
Median Rent
$627,200
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 - Residential income property with a backyard, cul-de-sac setting, and convenient access to transit and daily amenities.
Where is this duplex located?
The property is located at 35 Landis Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: Two‑family property with 5 bedrooms and 4 bathrooms in the main home; Separate 3‑bedroom rental unit; Large backyard and cul‑de‑sac setting
