Duplex Property with In-Ground
For Sale
$1,549,000
359 Bryson Avenue, Staten Island, NY 10314
Two-family residence with a legal one-bedroom apartment, detached garage, finished basement, and flexible living areas.
Property Size5,000 SF
Lot Size0.17 Acres
Days on Market20
Property Features for 359 Bryson Avenue
General Information
Standard status
Active
Size
5,000 SF
Total Parking Spaces
2
Lot size
0.17 Acres
Property subtype
Duplex
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,627
Amenities
heated in-ground pool
gas fireplace
hardwood floors
solar panels
Building Details
Building Size
5,000 SF
Year Built
1950
Buildings
1
Construction
Colonial
Listing Agency:
Hometime Estates LLC
(718) 987-3000
Listed By:
Andrew McDermott
Source:
Wonicarealtors
Added: Aug 5
Changed: Aug 24
Last Checked: Aug 24 at 2:27PM
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 Hometime Estates LLC
Investment Insights
Based on property information with market context.
Built in 1950, this two-family duplex combines a substantial primary residence with a legal, fully renovated one-bedroom apartment on the first level. The main home includes a living room with gas fireplace, formal dining room, eat-in kitchen, garden/sunroom, multiple bedrooms with walk-in closets, and a finished basement with a 3/4 bath, utility room, and storage. Hardwood floors and included appliances add to the existing improvements.
The property occupies an oversized 74 x 100 lot and includes a heated in-ground pool, expansive yard, and detached two-car garage. Fully paid-off solar panels are also installed. The residence is located on Bryson Avenue in Staten Island’s Westerleigh area, near shopping and transportation.
The apartment provides a separate one-bedroom configuration with its own living room, kitchen, and full bathroom. The primary residence also features a private full bathroom, second full bathroom, half bath, and additional finished space for household use.
The property occupies an oversized 74 x 100 lot and includes a heated in-ground pool, expansive yard, and detached two-car garage. Fully paid-off solar panels are also installed. The residence is located on Bryson Avenue in Staten Island’s Westerleigh area, near shopping and transportation.
The apartment provides a separate one-bedroom configuration with its own living room, kitchen, and full bathroom. The primary residence also features a private full bathroom, second full bathroom, half bath, and additional finished space for household use.
Key Highlights
- Legal, fully renovated one‑bedroom apartment on the first level
- Oversized 74 x 100 lot with heated in‑ground pool
- Detached two‑car garage and expansive yard
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
$136,374
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
8.80%
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%
$2,727,480
$2.7M
Cap Rate 7%
$1,948,200
$1.9M
Cap Rate 9%
$1,515,267
$1.5M
Market Conditions
NOI Build-Up for 5,000 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
$204.0K $40.80/SF
− Vacancy
−$9.2K −$1.84/SF
EGI
$194.8K $38.96/SF
− OpEx
−$58.4K −$11.69/SF
NOI
$136.4K $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%
$2,727,480
Cap Rate 7%
$1,948,200
Cap Rate 9%
$1,515,267
Alternative Uses
Best Use
Multifamily LT 5
$1.95M
$1.70M – $2.27M
NOI $136,374 @ 7.0% cap · market cap 8.80%
Second Best
Apartment 5plus
$1.81M
$1.58M – $2.11M
NOI $126,456 @ 7.0% cap · market cap 8.16%
Theoretical Best
Office A
$2.39M
$2.09M – $2.78M
NOI $167,001 @ 7.0% cap · market cap 10.78%
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
813
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 - Two-family residence with a legal one-bedroom apartment, detached garage, finished basement, and flexible living areas.
Where is this duplex located?
The property is located at 359 Bryson Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,549,000.
What are key features of this property?
This property features: Legal, fully renovated one‑bedroom apartment on the first level; Oversized 74 x 100 lot with heated in‑ground pool; Detached two‑car garage and expansive yard
