Two-Unit Duplex with
New
For Sale
$825,000
43 Taft Avenue, Staten Island, NY 10301
Residential, Staten Island, NY
Property Size2,010 SF
Lot Size0.08 Acres
Price / SF$410.45
Days on Market2
Property Features for 43 Taft Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3A
Bedrooms
5
Bathrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 2, Bathroom 3, Bedroom 2, Bathroom 1, Bathroom 5, Bedroom 3, Bedroom 4, Bathroom 4, Bedroom 5
Interior features
Central Air, Refrigerator, Stove
Subdivision
St. George
Standard status
Active
Size
2,010 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
4843
Amenities
backyard with standalone full bathroom
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Tile, Hardwood
Building materials
Wood Frame
Listing Agency:
ProBase Real Estate
(718) 210-2727
Listed By:
JiaJie (Kai) Zheng
(646) 407-6668
Added: Sep 8
Last Checked: Sep 9 at 5:06PM
MLS# 504340
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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.
This 2,010-square-foot wood-frame duplex, built in 1920, contains two residential units with distinct layouts. The lower residence has two bedrooms, while the upper residence spans the second floor and upper level with three bedrooms and 2.5 bathrooms. Central air, a refrigerator, a stove, hardwood flooring, and tile are included. The building measures 22 * 40, and the property occupies a 37 * 100 lot totaling 0.0849 acres.
Exterior amenities include a backyard, a separate full bathroom, and a dedicated boiler room. The property is located at 43 Taft Avenue in Staten Island, NY 10301, with R3A zoning. Nearby access includes parks, restaurants, groceries, and local bus lines serving the nearby ferry terminal.
Exterior amenities include a backyard, a separate full bathroom, and a dedicated boiler room. The property is located at 43 Taft Avenue in Staten Island, NY 10301, with R3A zoning. Nearby access includes parks, restaurants, groceries, and local bus lines serving the nearby ferry terminal.
Key Highlights
- Two‑unit duplex with a 2,010‑square‑foot property size
- Lower unit has 2 bedrooms; upper unit has 3 bedrooms and 2.5 bathrooms
- 22 * 40 building on a 37 * 100 lot
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
6.06%
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 6.06%
Second Best
Apartment 5plus
$636.8K
$557.2K – $742.9K
NOI $44,574 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$959.1K
$839.2K – $1.12M
NOI $67,134 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Includes a two-bedroom lower unit and a three-bedroom upper unit.
Where is this duplex located?
The property is located at 43 Taft Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Two‑unit duplex with a 2,010‑square‑foot property size; Lower unit has 2 bedrooms; upper unit has 3 bedrooms and 2.5 bathrooms; 22 * 40 building on a 37 * 100 lot
