Detached Duplex on Corner
For Sale
$999,999
4 cottage avenue, Staten Island, NY 10308
MULTI_FAMILY - Staten Island, NY
Property Size2,980 SF
Lot Size0.05 Acres
Price / SF$335.57
Days on Market121
Property Features for 4 cottage avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi-Family
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 5, Bedroom 4, Bathroom 1, Bedroom 6, Bedroom 3
Fencing
Fenced
Subdivision
Great Kills
Lot features
Corner Lot
Standard status
Active
Size
2,980 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
7928
Utilities
Heating system
Forced Air
Water source
Public
Amenities
private entrance
open kitchen
granite countertops
stainless steel appliances
natural light
full unfinished basement
large private outdoor space
Building Details
Year built
1950
Floors in Building
3
Flooring type
Laminate, Tile
Roof type
Asphalt
Listing Agency:
DOUGLAS ELLIMAN REAL ESTATE
Listed By:
Joseph Tesoriero · License #10401385892
Added: Apr 17
Changed: Aug 4
Last Checked: Aug 15 at 3:06AM
MLS# 11694272
Copyright © 2026 My State MLS. 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.
Fully detached legal two-family duplex on a corner lot in Great Kills, delivered vacant. The property is an oversized 3-over-3 layout with two separate three-bedroom units, and each unit has its own private entrance. Units include open kitchen layouts with granite countertops and stainless steel appliances, along with excellent natural light. Flooring is laminate and tile.
Set on 0.0473 acres with 2,980 square feet, the home was built in 1950. The property features forced-air heating, asphalt roofing, public water service, and fenced outdoor areas. A full unfinished basement provides additional storage, and there is a large private outdoor space divided into multiple sections.
Recent upgrades include a roof replacement in 2022, hot water heaters replaced in 2022, front cement work in 2023, and vinyl fencing installed in 2024. The property is on a quiet residential block near parks, shopping, restaurants, and transportation.
Set on 0.0473 acres with 2,980 square feet, the home was built in 1950. The property features forced-air heating, asphalt roofing, public water service, and fenced outdoor areas. A full unfinished basement provides additional storage, and there is a large private outdoor space divided into multiple sections.
Recent upgrades include a roof replacement in 2022, hot water heaters replaced in 2022, front cement work in 2023, and vinyl fencing installed in 2024. The property is on a quiet residential block near parks, shopping, restaurants, and transportation.
Key Highlights
- Legal two‑family duplex fully detached and delivered vacant on a corner lot
- 3‑over‑3 configuration with two separate three‑bedroom units and private entrances
- Open kitchens with granite countertops and stainless steel appliances plus laminate and tile flooring
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
$74,107
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
7.41%
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%
$1,482,140
$1.5M
Cap Rate 7%
$1,058,671
$1.1M
Cap Rate 9%
$823,411
$823.4K
Market Conditions
NOI Build-Up for 2,980 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
$110.9K $37.20/SF
− Vacancy
−$5.0K −$1.67/SF
EGI
$105.9K $35.53/SF
− OpEx
−$31.8K −$10.66/SF
NOI
$74.1K $24.87/SF
Area
Staten Island, NY
Vacancy
4.50%
Lease Rate
$37.20 /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%
$1,482,140
Cap Rate 7%
$1,058,671
Cap Rate 9%
$823,411
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$926.3K – $1.24M
NOI $74,107 @ 7.0% cap · market cap 7.41%
Second Best
Apartment 5plus
$944.1K
$826.1K – $1.10M
NOI $66,084 @ 7.0% cap · market cap 6.61%
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,533 @ 7.0% cap · market cap 9.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
992
Businesses Nearby
Explore this area
Business Placement
Demographics for 10308, NY
28,198
Population
11,093
Households
2.5
Avg Household Size
44
Median Age
40%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
12,817
Density / Sq Mi
$122,654
Median Household Income
$67,149
Median Earnings
$1,729
Median Rent
$648,800
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 - Vacant two-family duplex with private entrances and a full unfinished basement for storage and flexible use.
Where is this duplex located?
The property is located at 4 cottage avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Legal two‑family duplex fully detached and delivered vacant on a corner lot; 3‑over‑3 configuration with two separate three‑bedroom units and private entrances; Open kitchens with granite countertops and stainless steel appliances plus laminate and tile flooring
