Two-Unit Duplex with
New
For Sale
$849,000
43 Taft Ave, Staten Island, NY 10301
Two residential units provide a two-bedroom layout and a separate three-bedroom layout with 2.5 bathrooms.
Property Size2,010 SF
Days on Market6
Property Features for 43 Taft Ave
General Information
Standard status
Active
Size
2,010 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$4,843
Building Details
Building Size
2,010 SF
Year Built
1920
Stories
3
Listing Agency:
(718) 210-2727
Listed By:
Irinna Chen
(718) 210-2727
Source:
Elliman
Added: Aug 20
Changed: Aug 21
Last Checked: Aug 24 at 8:38AM
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 Irinna Chen
Investment Insights
Based on property information with market context.
Built in 1920, this two-family duplex contains a two-bedroom residence on the first floor and a separate three-bedroom residence spanning the second floor and upper level. The building measures 22 × 28, while the lot measures 37 × 100. The upper unit includes 2.5 bathrooms, and the property also features a backyard with an additional full bathroom. A separate boiler room supports the building’s mechanical layout.
The property is located at 43 Taft Ave in Staten Island’s St. George area. Parks, restaurants, grocery stores, and local bus service are nearby, with bus connections to the ferry terminal. Walk Score is 90, Transit Score is 79, and Bike Score is 75.
The property is located at 43 Taft Ave in Staten Island’s St. George area. Parks, restaurants, grocery stores, and local bus service are nearby, with bus connections to the ferry terminal. Walk Score is 90, Transit Score is 79, and Bike Score is 75.
Key Highlights
- Two‑family duplex with a two‑bedroom first‑floor unit and a three‑bedroom upper residence
- 22 × 28 building on a 37 × 100 lot
- Upper unit includes 2.5 bathrooms
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
$49,985
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
5.89%
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%
$999,700
$999.7K
Cap Rate 7%
$714,071
$714.1K
Cap Rate 9%
$555,389
$555.4K
Market Conditions
NOI Build-Up for 2,010 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
$74.8K $37.20/SF
− Vacancy
−$3.4K −$1.67/SF
EGI
$71.4K $35.53/SF
− OpEx
−$21.4K −$10.66/SF
NOI
$50.0K $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%
$999,700
Cap Rate 7%
$714,071
Cap Rate 9%
$555,389
Alternative Uses
Best Use
Multifamily LT 5
$714.1K
$624.8K – $833.1K
NOI $49,985 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$636.8K
$557.2K – $742.9K
NOI $44,574 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$959.1K
$839.2K – $1.12M
NOI $67,134 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,673
Businesses Nearby
Explore this area
Business Placement
Demographics for 10301, NY
41,474
Population
16,631
Households
2.5
Avg Household Size
40
Median Age
38%
College-Educated
88%
High-School Grad
3.8 sq mi
ZIP Area
10,914
Density / Sq Mi
$84,937
Median Household Income
$50,140
Median Earnings
$1,697
Median Rent
$657,000
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 residential units provide a two-bedroom layout and a separate three-bedroom layout with 2.5 bathrooms.
Where is this duplex located?
The property is located at 43 Taft Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Two‑family duplex with a two‑bedroom first‑floor unit and a three‑bedroom upper residence; 22 × 28 building on a 37 × 100 lot; Upper unit includes 2.5 bathrooms
