Updated Colonial
For Sale
$675,000
46 Mulberry Avenue, Staten Island, NY 10314
Residential, Staten Island, NY
Property Size1,232 SF
Lot Size0.05 Acres
Price / SF$547.89
Days on Market93
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 1, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3
Parking features
Driveway
Patio and Porch features
Deck
Fencing
Fenced
Basement
Finished, Full
Lot features
Back Yard
Subdivision
New Springville
Standard status
Active
APN
2118-0099
Size
1,232 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
5997
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Amenities
central air
finished basement
Florida room
deck
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: Sep 13
Last Checked: Oct 1 at 5:06PM
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.
This R3-1-zoned duplex is a 1,232-square-foot Colonial built in 1970. The property includes three bedrooms, two bathrooms, a finished basement with a recreation room and fourth bedroom, and an attic for storage. Interior and exterior updates include new bathrooms, roof, siding, fireproof flooring, Pella and Andersen windows, concrete, and pavers. Natural-gas forced-air heat and central air provide the primary mechanical systems.
Outdoor features include a Florida room, deck, patio, fenced yard, and a long driveway for off-street parking. The property sits on a 0.0505-acre lot and is served by public sewer. Its Staten Island location is identified by postal code 10314.
Outdoor features include a Florida room, deck, patio, fenced yard, and a long driveway for off-street parking. The property sits on a 0.0505-acre lot and is served by public sewer. Its Staten Island location is identified by postal code 10314.
Key Highlights
- R3‑1 zoning on a 0.0505‑acre lot
- 1,232‑square‑foot Colonial built in 1970
- Finished basement with recreation 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
4.98%
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 4.98%
Second Best
Apartment 5plus
$445.1K
$389.5K – $519.3K
NOI $31,159 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$587.8K
$514.4K – $685.8K
NOI $41,149 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
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
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 - R3-1-zoned duplex with finished basement, central air, fenced yard, deck, and 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 $675,000.
What are key features of this property?
This property features: R3‑1 zoning on a 0.0505‑acre lot; 1,232‑square‑foot Colonial built in 1970; Finished basement with recreation room and 4th bedroom
