Two-Family Colonial with
For Sale
$1,549,000
359 Bryson Avenue, Staten Island, NY 10314
MULTI_FAMILY - Staten Island, NY
Property Size5,000 SF
Lot Size0.17 Acres
Price / SF$309.80
Days on Market9
Property Features for 359 Bryson Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3X
Bedrooms
3
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 4, Bathroom 5, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3
Parking features
Driveway, Garage
Patio and Porch features
Deck, Patio
Interior features
Walk-In Closet(s)
Basement
Finished, Full
Lot features
Front Yard, Back Yard
Subdivision
Westerleigh
Standard status
Active
Size
5,000 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
8627
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Amenities
heated in-ground pool
gas fireplace
Building Details
Year built
1950
Floors in Building
2
Number of units
2
Building materials
Aluminum Siding
Listing Agency:
Hometime Estates LLC
(718) 524-0400
Listed By:
Andrew McDermott
(718) 720-0392
Added: Aug 5
Changed: Aug 11
Last Checked: Aug 13 at 12:06PM
MLS# 2604400
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.
This two-family Colonial offers 5000 square feet of living space on a 0.171-acre lot measuring 74 x 100. The principal residence 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, central air, forced-air natural gas heating, and included appliances are also provided.
A legal, fully renovated one-bedroom apartment occupies the first level and includes its own living room, kitchen, bedroom, and full bathroom. Exterior improvements include a heated in-ground pool, deck, patio, expansive yard, driveway, and detached two-car garage. Fully paid-off solar panels are installed, and the property is served by public sewer. Located on Bryson Avenue in Westerleigh, the property is near shopping and transportation and is zoned R3X.
A legal, fully renovated one-bedroom apartment occupies the first level and includes its own living room, kitchen, bedroom, and full bathroom. Exterior improvements include a heated in-ground pool, deck, patio, expansive yard, driveway, and detached two-car garage. Fully paid-off solar panels are installed, and the property is served by public sewer. Located on Bryson Avenue in Westerleigh, the property is near shopping and transportation and is zoned R3X.
Key Highlights
- Two‑family Colonial on a 0.171‑acre lot measuring 74 x 100
- 5000 square feet of property size
- Legal, fully renovated one‑bedroom apartment
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
788
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 - Legal renovated one-bedroom apartment adds flexibility alongside spacious primary living areas and a detached two-car garage.
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: Two‑family Colonial on a 0.171‑acre lot measuring 74 x 100; 5000 square feet of property size; Legal, fully renovated one‑bedroom apartment
