Two-Family Residential
For Sale
$799,999
Pending
352 Stewart Ave, Staten Island, NY 10314
Two-unit property with a 2-bedroom/1-bath unit and a 1-bedroom/1-bath unit, plus driveway parking and an on-lot garage.
Property Size1,205 SF
Days on Market247
Property Features for 352 Stewart Ave
General Information
Standard status
Pending
Size
1,205 SF
Property subtype
Multi-Family
Building Details
Year Built
1955
Listing Agency:
M Holmes Realty Corp.
Listed By:
Makrm Holmes · License #10311208353
Source:
Statenislandhomelistings
Added: Jan 6
Changed: Sep 9
Last Checked: Sep 9 at 11:23AM
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 M Holmes Realty Corp.
Investment Insights
Based on property information with market context.
This two-family residential income property includes two separate units. The first-floor unit offers 2 bedrooms and 1 bathroom. The second unit provides 1 bedroom and 1 bathroom. The property also includes a garage on the lot, which can support storage or additional vehicle parking.
A driveway on-site can accommodate 8+ cars, providing convenient off-street parking for occupants and guests. The offering is presented as a rare opportunity associated with an oversized lot, creating flexibility for future use.
The home is listed for sale and is structured to support two distinct living spaces within one property.
A driveway on-site can accommodate 8+ cars, providing convenient off-street parking for occupants and guests. The offering is presented as a rare opportunity associated with an oversized lot, creating flexibility for future use.
The home is listed for sale and is structured to support two distinct living spaces within one property.
Key Highlights
- Two‑family home built in 1955 with 2 units
- 1st‑floor unit features 2 bedrooms and 1 bathroom
- 2nd unit features 1 bedroom and 1 bathroom
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
$32,866
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
4.11%
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%
$657,320
$657.3K
Cap Rate 7%
$469,514
$469.5K
Cap Rate 9%
$365,178
$365.2K
Market Conditions
NOI Build-Up for 1,205 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
$49.2K $40.80/SF
− Vacancy
−$2.2K −$1.84/SF
EGI
$47.0K $38.96/SF
− OpEx
−$14.1K −$11.69/SF
NOI
$32.9K $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%
$657,320
Cap Rate 7%
$469,514
Cap Rate 9%
$365,178
Alternative Uses
Best Use
Multifamily LT 5
$469.5K
$410.8K – $547.8K
NOI $32,866 @ 7.0% cap · market cap 4.11%
Second Best
Apartment 5plus
$435.4K
$381.0K – $507.9K
NOI $30,476 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$575.0K
$503.1K – $670.8K
NOI $40,247 @ 7.0% cap · market cap 5.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
810
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
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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 - Two-unit property with a 2-bedroom/1-bath unit and a 1-bedroom/1-bath unit, plus driveway parking and an on-lot garage.
Where is this duplex located?
The property is located at 352 Stewart Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: Two‑family home built in 1955 with 2 units; 1st‑floor unit features 2 bedrooms and 1 bathroom; 2nd unit features 1 bedroom and 1 bathroom
