Two-Unit Duplex with Private
For Sale
$969,000
355 Bradley Avenue, Staten Island, NY 10314
R3-X zoning accompanies a two-unit layout and an unfinished basement with its own entrance.
Property Size2,152 SF
Price / SF$450.28
Days on Market196
Property Features for 355 Bradley Avenue
General Information
Standard status
Active
Size
2,152 SF
Total Parking Spaces
4
Property subtype
MultiFamily
Zoning
R3-X
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,197
Amenities
Eat In
Full Bath
2
Gas
Steam
Separate
.00
Unfinished
Full
Units
Vinyl Siding
Building Details
Year Built
1910
Buildings
1
Listing Agency:
Blooming Realty
Listed By:
Jaccob Halpern · License #10401317576
(845) 200-2222
Source:
Compass
Added: Feb 19
Changed: Aug 29
Last Checked: Aug 29 at 9:04PM
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 Blooming Realty
Investment Insights
Based on property information with market context.
This two-unit duplex at 355 Bradley Avenue includes a three-bedroom, one-bath first-floor residence and a second-floor residence with two bedrooms and one bathroom. The upper unit formerly had three bedrooms, while its living room has been expanded. An unfinished basement with a private entrance provides additional space within the existing structure. Baseboard heating, window cooling units, vinyl siding, and a four-car driveway are also included.
The property sits on a 50 x 116 sqft lot in Staten Island and was built in 1910. R3-X zoning and the two-unit configuration are established property characteristics. The address is in the 10314 ZIP code.
The property sits on a 50 x 116 sqft lot in Staten Island and was built in 1910. R3-X zoning and the two-unit configuration are established property characteristics. The address is in the 10314 ZIP code.
Key Highlights
- Two‑unit duplex with a three‑bedroom first‑floor unit and two‑bedroom second‑floor unit
- Second‑floor living room was expanded; unit formerly had 3 bedrooms
- Unfinished basement with private entrance
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
$58,695
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
6.06%
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%
$1,173,900
$1.2M
Cap Rate 7%
$838,500
$838.5K
Cap Rate 9%
$652,167
$652.2K
Market Conditions
NOI Build-Up for 2,152 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
$87.8K $40.80/SF
− Vacancy
−$4.0K −$1.84/SF
EGI
$83.9K $38.96/SF
− OpEx
−$25.2K −$11.69/SF
NOI
$58.7K $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%
$1,173,900
Cap Rate 7%
$838,500
Cap Rate 9%
$652,167
Alternative Uses
Best Use
Multifamily LT 5
$838.5K
$733.7K – $978.3K
NOI $58,695 @ 7.0% cap · market cap 6.06%
Second Best
Apartment 5plus
$777.5K
$680.3K – $907.1K
NOI $54,427 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$1.03M
$898.5K – $1.20M
NOI $71,877 @ 7.0% cap · market cap 7.42%
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
563
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - R3-X zoning accompanies a two-unit layout and an unfinished basement with its own entrance.
Where is this duplex located?
The property is located at 355 Bradley Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $969,000.
What are key features of this property?
This property features: Two‑unit duplex with a three‑bedroom first‑floor unit and two‑bedroom second‑floor unit; Second‑floor living room was expanded; unit formerly had 3 bedrooms; Unfinished basement with private entrance
