Ranch Two-Family Duplex with
For Sale
$1,290,000
Pending
43 Valdemar Avenue, Staten Island, NY 10309
MULTI_FAMILY - Ranch - Staten Island, NY
Property Size2,804 SF
Lot Size0.14 Acres
Days on Market90
Property Features for 43 Valdemar Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3X
Bedrooms
5
Bathrooms
4
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 5, Bathroom 3, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 4, Bedroom 2, Bathroom 1
Parking features
Garage, Open, Driveway
Patio and Porch features
Patio
Interior features
Walk-In Closet(s), Ceiling Fan(s)
Fencing
Fenced
Basement
Full, Finished
Lot features
Front Yard, Back Yard
Subdivision
Princes Bay
Standard status
Pending
APN
6857/35
Size
2,804 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
10578
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating)
Cooling system
Central Air
Amenities
in-ground pool
custom landscaping
PVC fencing
Andersen windows
Building Details
Year built
1981
Floors in Building
2
Number of units
2
Building materials
Stone, Stucco, Vinyl Siding
Architectural style
Ranch
Listing Agency:
J Milo Real Estate
(718) 872-9300
Listed By:
Jenine Milo · License #10301120597
(718) 501-4494
Added: Jun 11
Changed: Aug 3
Last Checked: Sep 8 at 5:06AM
MLS# 2603278
Copyright © 2026 Staten Island Board of Realtors. 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.
Set on a 0.1377-acre lot, this 1981 ranch-style two-family duplex offers a main residence with a two-story entry foyer and a functional floorplan that includes multiple bedrooms and bathrooms, a formal dining room, a living room, and a large eat-in kitchen. The first-floor level also features a family room, an additional room, a powder room, and a laundry area with direct access to the backyard. A full finished basement provides extra recreation and storage space.
The backyard is designed for entertaining, with pavers from front to back, an in-ground pool, custom landscaping, and PVC fencing. The property includes a patio and a fenced yard, plus a one-car garage and two separate driveways for parking. Interior comforts include natural gas hot water heat and central air, and the home features brand new Andersen windows.
The second unit is a 2-bedroom street-level apartment with an eat-in kitchen and a full bathroom, offering flexibility for extended family or rental use.
The backyard is designed for entertaining, with pavers from front to back, an in-ground pool, custom landscaping, and PVC fencing. The property includes a patio and a fenced yard, plus a one-car garage and two separate driveways for parking. Interior comforts include natural gas hot water heat and central air, and the home features brand new Andersen windows.
The second unit is a 2-bedroom street-level apartment with an eat-in kitchen and a full bathroom, offering flexibility for extended family or rental use.
Key Highlights
- R3X zoning and ranch‑style two‑family duplex with central air
- In‑ground pool plus paver patio area and fenced yard
- Separate street‑level 2‑bedroom apartment with eat‑in kitchen and full bathroom
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
$69,730
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
5.41%
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%
$1,394,600
$1.4M
Cap Rate 7%
$996,143
$996.1K
Cap Rate 9%
$774,778
$774.8K
Market Conditions
NOI Build-Up for 2,804 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
$104.3K $37.20/SF
− Vacancy
−$4.7K −$1.67/SF
EGI
$99.6K $35.53/SF
− OpEx
−$29.9K −$10.66/SF
NOI
$69.7K $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%
$1,394,600
Cap Rate 7%
$996,143
Cap Rate 9%
$774,778
Alternative Uses
Best Use
Multifamily LT 5
$996.1K
$871.6K – $1.16M
NOI $69,730 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$888.3K
$777.3K – $1.04M
NOI $62,182 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,654 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
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 - R3X zoned ranch two-family duplex with central air, in-ground pool, and a separate street-level 2-bedroom apartment.
Where is this duplex located?
The property is located at 43 Valdemar Avenue 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: R3X zoning and ranch‑style two‑family duplex with central air; In‑ground pool plus paver patio area and fenced yard; Separate street‑level 2‑bedroom apartment with eat‑in kitchen and full bathroom
