Updated Two-Family Detached
For Sale
$1,179,999
Pending
361 Montreal Ave, Staten Island, NY 10306
Detached two-family home with a separate rental apartment, finished basement, private yard, and updated kitchen.
Property Size2,533 SF
Days on Market124
Property Features for 361 Montreal Ave
General Information
Standard status
Pending
Size
2,533 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/3BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
in-ground pool
Building Details
Year Built
1978
Buildings
1
Construction
Hi-Ranch
Listing Agency:
Martino Realty Group
Listed By:
Albert Benzaken · License #30BE0979103
(718) 608-9400
Source:
Statenislandhomelistings
Added: May 3
Changed: Sep 2
Last Checked: Sep 2 at 6:24PM
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 Martino Realty Group
Investment Insights
Based on property information with market context.
This detached two-family duplex, built in 1978, offers a three-bedroom, three-bath main residence along with a separate two-bedroom apartment and full bath. The finished basement includes a kitchen and direct backyard access, providing additional interior space for recreation, office use, guests, or household needs. The main kitchen has granite countertops and stainless steel appliances that are 6 months old.
Recent improvements include forced-air and hot-water baseboard heating updated around 2013, windows and siding completed approximately 5 years ago, and an exterior AC condenser installed 1 year ago. Outdoor features include a private backyard with an in-ground pool and a liner that is 2 years old. Parking includes a private driveway for 2 cars and a 1-car garage. The property is located at 361 Montreal Ave, Staten Island, NY 10306.
Recent improvements include forced-air and hot-water baseboard heating updated around 2013, windows and siding completed approximately 5 years ago, and an exterior AC condenser installed 1 year ago. Outdoor features include a private backyard with an in-ground pool and a liner that is 2 years old. Parking includes a private driveway for 2 cars and a 1-car garage. The property is located at 361 Montreal Ave, Staten Island, NY 10306.
Key Highlights
- Detached two‑family duplex built in 1978
- Three‑bedroom, three‑bath main residence with finished basement and kitchen
- Separate 2‑bedroom rental apartment with full bath and newer appliances
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
$64,342
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
5.45%
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%
$1,286,840
$1.3M
Cap Rate 7%
$919,171
$919.2K
Cap Rate 9%
$714,911
$714.9K
Market Conditions
NOI Build-Up for 2,533 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
$97.3K $38.40/SF
− Vacancy
−$5.3K −$2.11/SF
EGI
$91.9K $36.29/SF
− OpEx
−$27.6K −$10.89/SF
NOI
$64.3K $25.40/SF
Area
ZIP 10306
Vacancy
5.50%
Lease Rate
$38.40 /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%
$1,286,840
Cap Rate 7%
$919,171
Cap Rate 9%
$714,911
Alternative Uses
Best Use
Multifamily LT 5
$919.2K
$804.3K – $1.07M
NOI $64,342 @ 7.0% cap · market cap 5.45%
Second Best
Apartment 5plus
$816.8K
$714.7K – $952.9K
NOI $57,175 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,603 @ 7.0% cap · market cap 7.17%
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
601
Businesses Nearby
Explore this area
Business Placement
Demographics for 10306, NY
57,919
Population
21,299
Households
2.7
Avg Household Size
43
Median Age
34%
College-Educated
88%
High-School Grad
7.2 sq mi
ZIP Area
8,044
Density / Sq Mi
$97,746
Median Household Income
$54,052
Median Earnings
$1,743
Median Rent
$675,400
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 - Detached two-family home with a separate rental apartment, finished basement, private yard, and updated kitchen.
Where is this duplex located?
The property is located at 361 Montreal Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $1,179,999.
What are key features of this property?
This property features: Detached two‑family duplex built in 1978; Three‑bedroom, three‑bath main residence with finished basement and kitchen; Separate 2‑bedroom rental apartment with full bath and newer appliances
