Custom-Built Two-Family Detached
For Sale
Contact for pricing
Pending
41 Martin Avenue, Staten Island, NY 10314
Beautifully maintained two-family property with upgrades and attention to detail.
Property Size2,508 SF
Days on Market166
Property Features for 41 Martin Avenue
General Information
Standard status
Pending
Size
2,508 SF
Property subtype
Multifamily
Zoning
R-32
Building Details
Year Built
1972
Stories
2
Units
2
Listing Agency:
Berkshire Hathaway HomeService Cangiano Estates
(718) 687-9740
Listed By:
Francesca Trunzo · License #10301216081
Source:
Crexi
Added: Mar 13
Changed: Aug 8
Last Checked: Jul 24 at 5:41PM
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 Berkshire Hathaway HomeService Cangiano Estates
Investment Insights
Based on property information with market context.
This custom-built two-family detached home features a beautifully maintained property with exceptional upgrades and attention to detail. The main unit includes three bedrooms and four baths, with a living space centered around a custom kitchen redesigned in 2019. The kitchen features 42'' solid wood cabinetry, crown molding, an oversized double island, granite countertops with matching granite window sills, a farmhouse sink, pot filler, hot water on demand, and upgraded GE smart appliances. Tile flooring completes the kitchen space, while hardwood floors continue throughout the rest of the home. The living room features custom built-ins with granite stonework surrounding an electric fireplace. Anderson sliders lead to a patio. Three bedrooms share a full bathroom with a walk-in shower. The lower level offers a family room with hardwood flooring, recessed lighting, and a half bath. A wood-burning stove with an electric blower provides warmth. Sliding doors lead to the backyard, featuring a heated in-ground pool with a new liner, a stone patio area, and an outdoor kitchen with granite countertops, grill, and a wet bar. Additional outdoor features include a gazebo with hot tub hookups, two storage sheds, PVC fencing, a newer retaining wall, mature landscape, and a zipper drain system. The home also offers a partially finished full basement with additional living or recreation space, a large storage closet, wet bar, and a three-quarter bath. A dedicated mechanical room houses two furnaces and two hot water heaters. The second unit, located on the side of the home, includes a large studio, one full bathroom, a living/bedroom combo, and an eat-in kitchen. The living area features hardwood flooring, while the kitchen has tile flooring. Additional highlights include solid brick construction, a security camera system, two driveways, a built-in one-car garage with direct access to the main unit, a pavered driveway, Anderson windows and sliders with a Pella window in the master bedroom, crown molding, and recessed lighting. The property offers indoor-outdoor living.
Key Highlights
- Two‑family detached home offering a 3‑bedroom main unit and a separate studio apartment, providing rental income potential.
- Custom‑designed main kitchen (renovated in 2019) with 42'' solid wood cabinetry, granite countertops, oversized double island, and GE smart appliances.
- Heated in‑ground pool, stone patio, and fully equipped outdoor kitchen create a private backyard oasis.
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
$68,405
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
5.58%
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%
$1,368,100
$1.4M
Cap Rate 7%
$977,214
$977.2K
Cap Rate 9%
$760,056
$760.1K
Market Conditions
NOI Build-Up for 2,508 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
$102.3K $40.80/SF
− Vacancy
−$4.6K −$1.84/SF
EGI
$97.7K $38.96/SF
− OpEx
−$29.3K −$11.69/SF
NOI
$68.4K $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%
$1,368,100
Cap Rate 7%
$977,214
Cap Rate 9%
$760,056
Alternative Uses
Best Use
Multifamily LT 5
$977.2K
$855.1K – $1.14M
NOI $68,405 @ 7.0% cap · market cap 5.58%
Second Best
Apartment 5plus
$906.1K
$792.9K – $1.06M
NOI $63,430 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,768 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,056
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
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 - Beautifully maintained two-family property with upgrades and attention to detail.
Where is this duplex located?
The property is located at 41 Martin Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: Two‑family detached home offering a 3‑bedroom main unit and a separate studio apartment, providing rental income potential.; Custom‑designed main kitchen (renovated in 2019) with 42'' solid wood cabinetry, granite countertops, oversized double island, and GE smart appliances.; Heated in‑ground pool, stone patio, and fully equipped outdoor kitchen create a private backyard oasis.
