Duplex with Above-Ground
For Sale
$1,199,999
35 Nome Avenue, Staten Island, NY 10314
MULTI_FAMILY - High Rise - Staten Island, NY
Property Size3,074 SF
Lot Size0.10 Acres
Price / SF$390.37
Days on Market112
Property Features for 35 Nome Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3X
Bedrooms
5
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 3, Bedroom 5, Bathroom 3, Bedroom 4, Bathroom 4, Bathroom 1, Bathroom 2, Bedroom 1
Parking features
Garage
Patio and Porch features
Deck
Pool private
1
Basement
Full, Unfinished
Lot features
Back Yard
Subdivision
New Springville
Standard status
Active
Size
3,074 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
10217
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Window Unit(s)
Amenities
above-ground pool
Building Details
Year built
1975
Floors in Building
2
Number of units
2
Building materials
Vinyl Siding
Architectural style
High Rise
Listing Agency:
Homes R Us Realty of NY, Inc.
(718) 668-2550
Listed By:
Christian Jackson · License #10401326911
(718) 668-2550
Added: May 4
Changed: Aug 16
Last Checked: Aug 23 at 11:06AM
MLS# 2602444
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.
35 Nome Avenue in Staten Island is an extra-large two-family high ranch duplex on a 0.1003-acre lot (3,074 square feet) built in 1975. The main unit offers three oversized bedrooms, including a spacious primary suite with a private bathroom, for three total bathrooms in the main unit. The kitchen was recently renovated and includes granite countertops and stainless steel appliances. A full basement adds additional recreation and storage space.
The duplex also includes a side-entry two-bedroom apartment with a full bathroom. Outside, there is an above-ground pool and a deck for outdoor relaxation and entertaining. The property features vinyl siding, forced air heating with natural gas, and window unit cooling, along with a garage and public sewer.
Zoned R3X, the layout supports multi-generational living or flexible use with separate entry and apartment configuration.
The duplex also includes a side-entry two-bedroom apartment with a full bathroom. Outside, there is an above-ground pool and a deck for outdoor relaxation and entertaining. The property features vinyl siding, forced air heating with natural gas, and window unit cooling, along with a garage and public sewer.
Zoned R3X, the layout supports multi-generational living or flexible use with separate entry and apartment configuration.
Key Highlights
- 0.1003‑acre lot with 3,074 square feet
- Duplex layout with side‑entry two‑bedroom apartment and full bathroom
- Main unit has three bedrooms and three total bathrooms
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
$83,843
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
6.99%
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%
$1,676,860
$1.7M
Cap Rate 7%
$1,197,757
$1.2M
Cap Rate 9%
$931,589
$931.6K
Market Conditions
NOI Build-Up for 3,074 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
$125.4K $40.80/SF
− Vacancy
−$5.6K −$1.84/SF
EGI
$119.8K $38.96/SF
− OpEx
−$35.9K −$11.69/SF
NOI
$83.8K $27.27/SF
Area
ZIP 10314
Vacancy
4.50%
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%
$1,676,860
Cap Rate 7%
$1,197,757
Cap Rate 9%
$931,589
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $83,843 @ 7.0% cap · market cap 6.99%
Second Best
Apartment 5plus
$1.11M
$971.8K – $1.30M
NOI $77,745 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,672 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
496
Businesses Nearby
Explore this area
Business Placement
Demographics for 10314, NY
92,157
Population
33,554
Households
2.7
Avg Household Size
41
Median Age
37%
College-Educated
89%
High-School Grad
13.0 sq mi
ZIP Area
7,089
Density / Sq Mi
$104,655
Median Household Income
$58,769
Median Earnings
$1,726
Median Rent
$665,500
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 - Duplex featuring an above-ground pool, full basement, and a side-entry two-bedroom apartment under R3X zoning.
Where is this duplex located?
The property is located at 35 Nome Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,199,999.
What are key features of this property?
This property features: 0.1003‑acre lot with 3,074 square feet; Duplex layout with side‑entry two‑bedroom apartment and full bathroom; Main unit has three bedrooms and three total bathrooms
