Duplex with Legal One-Bedroom
For Sale
$1,549,000
359 Bryson Avenue, Staten Island, NY 10314
Residential Income, Staten Island, NY
Property Size5,000 SF
Lot Size0.17 Acres
Price / SF$309.80
Days on Market45
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, Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2
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
Natural Gas, Forced Air
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: Sep 13
Last Checked: Sep 18 at 1:06AM
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 includes a primary residence with a living room, gas fireplace, formal dining room, eat-in kitchen, garden/sunroom, three bedrooms, and three full or partial baths. The finished basement adds flexible living and storage areas. A separate legal one-bedroom apartment has been fully renovated with its own living room, kitchen, bedroom, and full bathroom. Hardwood floors, central air, forced-air natural gas heat, and included appliances are among the interior features.
The property occupies a 0.171-acre lot measuring 74 x 100 feet and includes a heated in-ground pool, deck, patio, 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 Staten Island’s Westerleigh area, the home is near shopping and transportation. R3X zoning and the two-family configuration provide a clearly defined residential income property format.
The property occupies a 0.171-acre lot measuring 74 x 100 feet and includes a heated in-ground pool, deck, patio, 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 Staten Island’s Westerleigh area, the home is near shopping and transportation. R3X zoning and the two-family configuration provide a clearly defined residential income property format.
Key Highlights
- Two‑family Colonial on a 0.171‑acre lot measuring 74 x 100 feet
- Legal, fully renovated one‑bedroom apartment with living room, kitchen, bedroom, and full bathroom
- Heated in‑ground pool and detached two‑car garage
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
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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
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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 - Two-family Colonial with pool, garage, and finished basement on an oversized residential lot.
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 feet; Legal, fully renovated one‑bedroom apartment with living room, kitchen, bedroom, and full bathroom; Heated in‑ground pool and detached two‑car garage
