Two-Family Duplex with
For Sale
$1,425,000
35 Landis Avenue, Staten Island, NY 10305
Residential Income, Staten Island, NY
Property Size2,756 SF
Lot Size0.14 Acres
Price / SF$517.05
Days on Market11
Property Features for 35 Landis Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R1-2
Bedrooms
5
Bathrooms
6
Full bathrooms
4
Half bathrooms
1
Rooms
Bedroom 2, Bathroom 5, Bathroom 4, Bathroom 2, Bathroom 7, Bedroom 3, Bedroom 4, Bedroom 1, Bathroom 1, Bedroom 5, Bathroom 3, Bathroom 6
Parking features
Carport, Driveway
Patio and Porch features
Deck
Basement
Finished
Lot features
Back Yard
Subdivision
Grasmere
Standard status
Active
APN
03087-0100
Size
2,756 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
7072
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating)
Cooling system
Central Air
Amenities
backyard
Building Details
Year built
1930
Floors in Building
2
Number of units
1
Building materials
Stucco
Architectural style
Contemporary
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
C.Michel Scibetta-Nicolo · License #10301221252
(718) 644-0063
Added: Sep 21
Changed: Oct 1
Last Checked: Oct 1 at 3:06PM
MLS# 2605326
Copyright © 2026 Staten Island Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,756-square-foot duplex at 35 Landis Avenue includes a primary residence and a separate rental unit with 3 bedrooms. The property sits on a 0.1412-acre lot and was built in 1930 with stucco construction and a contemporary architectural style. Interior systems include natural-gas hot-water heating and central air conditioning, while the site provides a driveway, carport, and deck. Public sewer serves the property, which is zoned R1-2.
The home is positioned on a cul-de-sac in Arrochar, Staten Island, near the Verrazzano-Narrows Bridge, public transportation, shopping, dining, and major roadways. Its two-family configuration supports both residential occupancy and extended-family or rental use as described in the property information.
The home is positioned on a cul-de-sac in Arrochar, Staten Island, near the Verrazzano-Narrows Bridge, public transportation, shopping, dining, and major roadways. Its two-family configuration supports both residential occupancy and extended-family or rental use as described in the property information.
Key Highlights
- Two‑family duplex with a separate 3‑bedroom rental unit
- 2,756 square feet on a 0.1412‑acre lot
- R1‑2 zoning with public sewer
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
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
View Realmo Analytics
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 - Stucco duplex with a separate three-bedroom rental unit, central air, driveway parking, and a deck.
Where is this duplex located?
The property is located at 35 Landis Avenue 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 duplex with a separate 3‑bedroom rental unit; 2,756 square feet on a 0.1412‑acre lot; R1‑2 zoning with public sewer
