Duplex Colonial with Finished
For Sale
$699,900
46 Mulberry Avenue, Staten Island, NY 10314
SINGLE_FAMILY - Colonial - Staten Island, NY
Property Size1,232 SF
Lot Size0.05 Acres
Price / SF$568.10
Days on Market38
Property Features for 46 Mulberry Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-1
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1
Parking features
Driveway
Patio and Porch features
Deck
Fencing
Fenced
Basement
Finished, Full
Lot features
Back Yard
Subdivision
Bulls Head
Standard status
Active
Size
1,232 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
5997
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Amenities
central air
finished basement
Florida room
deck
yard
Building Details
Year built
1970
Floors in Building
2
Building materials
Vinyl Siding
Architectural style
Colonial
Listing Agency:
Zaloom Real Estate · Century 21 Real Estate
(718) 816-1998
Listed By:
Vincent M Zaloom
(917) 539-4798
Added: Jul 1
Changed: Aug 2
Last Checked: Aug 7 at 11:06PM
MLS# 2603680
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.
Colonial duplex-style residence featuring central air cooling, forced-air natural gas heat, and vinyl siding. The home has updated interior and exterior elements including a newer roof, new baths, Pella and Andersen windows, and new fire-proof floors. A full finished basement includes a rec room and a 4th bedroom, with a layout that connects to a Florida room via sliders.
The first level offers living and dining rooms, a 1/2 bath, an eat-in kitchen, and access to the Florida room. From the Florida room there is an exit to a deck, patio, and yard. The second level includes three bedrooms, a full bath, and attic storage. Exterior amenities include a deck, patio, fenced yard, and a long driveway for off-street parking.
Set on a 0.0505-acre lot, the property was built in 1970. Public utilities include public sewer, and parking is provided via driveway access.
The first level offers living and dining rooms, a 1/2 bath, an eat-in kitchen, and access to the Florida room. From the Florida room there is an exit to a deck, patio, and yard. The second level includes three bedrooms, a full bath, and attic storage. Exterior amenities include a deck, patio, fenced yard, and a long driveway for off-street parking.
Set on a 0.0505-acre lot, the property was built in 1970. Public utilities include public sewer, and parking is provided via driveway access.
Key Highlights
- 0.0505‑acre lot with fenced yard
- Central air plus forced‑air natural gas heat
- Full finished basement with rec room and 4th bedroom
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
$33,603
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
4.80%
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%
$672,060
$672.1K
Cap Rate 7%
$480,043
$480.0K
Cap Rate 9%
$373,367
$373.4K
Market Conditions
NOI Build-Up for 1,232 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
$50.3K $40.80/SF
− Vacancy
−$2.3K −$1.84/SF
EGI
$48.0K $38.96/SF
− OpEx
−$14.4K −$11.69/SF
NOI
$33.6K $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%
$672,060
Cap Rate 7%
$480,043
Cap Rate 9%
$373,367
Alternative Uses
Best Use
Multifamily LT 5
$480.0K
$420.0K – $560.1K
NOI $33,603 @ 7.0% cap · market cap 4.80%
Second Best
Apartment 5plus
$445.1K
$389.5K – $519.3K
NOI $31,159 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$587.8K
$514.4K – $685.8K
NOI $41,149 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
699
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Colonial residence with central air, updated finishes, and a deck in a fenced yard with off-street driveway parking.
Where is this duplex located?
The property is located at 46 Mulberry Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 0.0505‑acre lot with fenced yard; Central air plus forced‑air natural gas heat; Full finished basement with rec room and 4th bedroom
