Duplex With Legal
For Sale
$888,000
355 Willowbrook Road, Staten Island, NY 10314
Well-maintained duplex offering a separately metered studio, private parking, flexible lower-level space, and a low-maintenance backyard.
Property Size1,600 SF
Days on Market10
Property Features for 355 Willowbrook Road
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,397
Building Details
Building Size
1,600 SF
Year Built
2000
Buildings
1
Listing Agency:
Re/Max Edge
Listed By:
Lauren Levert · License #10401332108
(646) 275-6420
Source:
Wonicarealtors
Added: Sep 1
Changed: Sep 8
Last Checked: Sep 9 at 8:14AM
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 Re/Max Edge
Investment Insights
Based on property information with market context.
This well-maintained duplex, built in 2000, combines a 3-bedroom primary residence with a legal studio apartment that is separately metered and generates rental income. The main home features a two-story entry foyer, hardwood floors, recessed lighting, oversized windows, and an open first-floor arrangement connecting the living, dining, and kitchen areas. The kitchen includes stainless steel appliances, a pantry, center island, and backyard access. Upstairs are two bedrooms, a full bathroom, and a primary suite with a 3/4 ensuite bath and three closets.
The lower level provides adaptable space for an office, gym, or recreation room along with a full-sized garage. A double driveway adds parking capacity, while the backyard has pavers installed approximately 3 years ago. The property also includes a brand-new roof and 5-year-old hot water tanks. Access is convenient to I-278, HWY 440, the Verrazzano, Goethals and Bayonne Bridges, Forest Ave, Staten Island Mall, CSI, parks, walking trails, shopping, dining, and major transportation corridors.
The lower level provides adaptable space for an office, gym, or recreation room along with a full-sized garage. A double driveway adds parking capacity, while the backyard has pavers installed approximately 3 years ago. The property also includes a brand-new roof and 5-year-old hot water tanks. Access is convenient to I-278, HWY 440, the Verrazzano, Goethals and Bayonne Bridges, Forest Ave, Staten Island Mall, CSI, parks, walking trails, shopping, dining, and major transportation corridors.
Key Highlights
- Legal studio apartment with separate metering and rental income
- 3‑bedroom primary residence with a private primary suite and 3/4 ensuite bath
- Built in 2000 with hardwood floors, oversized windows, and recessed lighting
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
$43,640
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
4.91%
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%
$872,800
$872.8K
Cap Rate 7%
$623,429
$623.4K
Cap Rate 9%
$484,889
$484.9K
Market Conditions
NOI Build-Up for 1,600 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
$65.3K $40.80/SF
− Vacancy
−$2.9K −$1.84/SF
EGI
$62.3K $38.96/SF
− OpEx
−$18.7K −$11.69/SF
NOI
$43.6K $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%
$872,800
Cap Rate 7%
$623,429
Cap Rate 9%
$484,889
Alternative Uses
Best Use
Multifamily LT 5
$623.4K
$545.5K – $727.3K
NOI $43,640 @ 7.0% cap · market cap 4.91%
Second Best
Apartment 5plus
$578.1K
$505.8K – $674.4K
NOI $40,466 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$763.4K
$668.0K – $890.7K
NOI $53,440 @ 7.0% cap · market cap 6.02%
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
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
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 - Well-maintained duplex offering a separately metered studio, private parking, flexible lower-level space, and a low-maintenance backyard.
Where is this duplex located?
The property is located at 355 Willowbrook Road Staten Island, NY.
What is the asking price?
The asking price for this property is $888,000.
What are key features of this property?
This property features: Legal studio apartment with separate metering and rental income; 3‑bedroom primary residence with a private primary suite and 3/4 ensuite bath; Built in 2000 with hardwood floors, oversized windows, and recessed lighting
