Duplex Home with Inground
For Sale
Contact for pricing
401 Vernon Avenue, 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 Market12
Property Features for 401 Vernon Avenue
General Information
Standard status
Active
Size
1,951 SF
Property subtype
Multifamily
Zoning
R3X
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Amenities
inground pool
Building Details
Year Built
1965
Buildings
1
Stories
2
Units
2
Listing Agency:
Robert DeFalco Realty, Inc.
Listed By:
Rayann Besser · License #10301218353
(718) 987-7900
Source:
Crexi
Added: Aug 23
Changed: Sep 2
Last Checked: Sep 2 at 10:47AM
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.
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 = 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
$48,518
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
4.05%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
417
Businesses Nearby
Explore this area
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
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 - 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 Avenue 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
