Two-Family Home with In-Ground
For Sale
$1,290,000
Pending
43 Valdemar Ave, Staten Island, NY 10309
Two-story two-family residence on a quiet dead-end, featuring a finished basement, backyard access, and an in-ground pool.
Property Size3,800 SF
Lot Size0.14 Acres
Days on Market69
Property Features for 43 Valdemar Ave
General Information
Standard status
Pending
Size
3,800 SF
Lot size
0.14 Acres
Property subtype
Multi Family
Additional Details
Business Included
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,578
Building Details
Year Built
1981
Stories
2
Tenancy
Multi
Listing Agency:
J. Milo Real Estate Ltd
(718) 872-9300
Listed By:
Jenine Milo · License #10301120597
(718) 872-9300
Source:
Elliman
Added: Jun 17
Changed: Aug 23
Last Checked: Aug 24 at 8:04AM
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 J. Milo Real Estate Ltd
Investment Insights
Based on property information with market context.
This two-family home at 43 Valdemar Avenue offers a versatile layout across the main residence and a separate street-level apartment. The main home features a two-story entry foyer and a primary suite with a private 3/4 bath, along with two additional bedrooms and a full hall bathroom. Living spaces include a bright living room, formal dining room, and a large eat-in kitchen. First-floor flexibility is enhanced by a family room, an additional room, a powder room, and a laundry area with direct access to the backyard. Hardwood floors are carried through the bedrooms, living room, and dining room, and the property includes a full finished basement for additional recreation and storage. Outside, the yard is finished with pavers from front to back, a custom in-ground pool, custom landscaping, and PVC fencing, plus a one-car garage.
The street-level apartment is a 2-bedroom unit with an eat-in kitchen and a full bathroom, suited for extended family or rental use. The property sits on a 60x100 lot on a quiet dead-end block in Princewood Estates, with two separate driveways for parking.
With move-in-ready interior updates including brand new Andersen windows, this property can work for owner-occupants who want supplemental rental income, or for buyers looking for a well-established two-family configuration with dedicated living spaces and direct backyard access for day-to-day enjoyment.
The street-level apartment is a 2-bedroom unit with an eat-in kitchen and a full bathroom, suited for extended family or rental use. The property sits on a 60x100 lot on a quiet dead-end block in Princewood Estates, with two separate driveways for parking.
With move-in-ready interior updates including brand new Andersen windows, this property can work for owner-occupants who want supplemental rental income, or for buyers looking for a well-established two-family configuration with dedicated living spaces and direct backyard access for day-to-day enjoyment.
Key Highlights
- Two‑family home on a 60x100 lot with approximately 3,800 SF of living space
- One 3/4 bath primary suite plus two additional bedrooms and a full hall bath on the main level
- First‑floor family room, eat‑in kitchen with granite countertops and stainless steel appliances, powder room, and laundry
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
$94,499
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
7.33%
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%
$1,889,980
$1.9M
Cap Rate 7%
$1,349,986
$1.3M
Cap Rate 9%
$1,049,989
$1.0M
Market Conditions
NOI Build-Up for 3,800 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
$141.4K $37.20/SF
− Vacancy
−$6.4K −$1.67/SF
EGI
$135.0K $35.53/SF
− OpEx
−$40.5K −$10.66/SF
NOI
$94.5K $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%
$1,889,980
Cap Rate 7%
$1,349,986
Cap Rate 9%
$1,049,989
Alternative Uses
Best Use
Multifamily LT 5
$1.35M
$1.18M – $1.57M
NOI $94,499 @ 7.0% cap · market cap 7.33%
Second Best
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $84,269 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$1.81M
$1.59M – $2.12M
NOI $126,921 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
415
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-story two-family residence on a quiet dead-end, featuring a finished basement, backyard access, and an in-ground pool.
Where is this duplex located?
The property is located at 43 Valdemar Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: Two‑family home on a 60x100 lot with approximately 3,800 SF of living space; One 3/4 bath primary suite plus two additional bedrooms and a full hall bath on the main level; First‑floor family room, eat‑in kitchen with granite countertops and stainless steel appliances, powder room, and laundry
