Duplex Home with Inground
For Sale
$1,198,000
401 Vernon Ave, Staten Island, NY 10309
Two-family duplex with updated interiors, a large yard, and a private inground pool.
Property Size1,951 SF
Price / SF$614.04
Days on Market68
Property Features for 401 Vernon Ave
General Information
Standard status
Active
Size
1,951 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Amenities
inground pool
Building Details
Year Built
1965
Buildings
1
Stories
2
Listing Agency:
Robert DeFalco Realty, Inc.
Listed By:
Rayann Besser · License #10301218353
(917) 543-5359
Source:
Statenislandhomelistings
Added: Aug 21
Changed: Oct 25
Last Checked: Oct 26 at 4:23PM
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 Robert DeFalco Realty, Inc.
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Investment Insights
Based on property information with market context.
This two-family duplex includes a three-bedroom residence over a two-bedroom residence, creating a clear vertical layout for the property. Interior features include a quartz kitchen, replacement windows, and hardwood flooring. The home also offers an inground pool and a substantial yard.
Built in 1965 and zoned R3X, the property is identified as a duplex asset with a five-bedroom total configuration. The two residences provide distinct living arrangements within one property, while the outdoor improvements add a significant recreational component.
Built in 1965 and zoned R3X, the property is identified as a duplex asset with a five-bedroom total configuration. The two residences provide distinct living arrangements within one property, while the outdoor improvements add a significant recreational component.
Key Highlights
- Two‑family duplex with a three‑bedroom unit over a two‑bedroom unit
- Inground pool and substantial yard
- Quartz kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,518
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$970,360
$970.4K
Cap Rate 7%
$693,114
$693.1K
Cap Rate 9%
$539,089
$539.1K
Market Conditions
NOI Build-Up for 1,951 SF
Gross rent
$72.6K $37.20/SF
− Vacancy
−$3.3K −$1.67/SF
EGI
$69.3K $35.53/SF
− OpEx
−$20.8K −$10.66/SF
NOI
$48.5K $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 Rate 5%
$970,360
Cap Rate 7%
$693,114
Cap Rate 9%
$539,089
Alternative Uses
Best Use
Multifamily LT 5
$693.1K
$606.5K – $808.6K
NOI $48,518 @ 7.0% cap · market cap 4.05%
Second Best
Apartment 5plus
$618.1K
$540.8K – $721.1K
NOI $43,265 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$930.9K
$814.6K – $1.09M
NOI $65,164 @ 7.0% cap · market cap 5.44%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
417
Businesses Nearby
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Business Placement
Demographics for 10309, NY
33,523
Population
12,770
Households
2.6
Avg Household Size
41
Median Age
40%
College-Educated
92%
High-School Grad
7.3 sq mi
ZIP Area
4,592
Density / Sq Mi
$123,638
Median Household Income
$67,348
Median Earnings
$1,907
Median Rent
$745,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family duplex with updated interiors, a large yard, and a private inground pool.
Where is this duplex located?
The property is located at 401 Vernon Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $1,198,000.
What are key features of this property?
This property features: Two‑family duplex with a three‑bedroom unit over a two‑bedroom unit; Inground pool and substantial yard; Quartz kitchen
