Two-Family Duplex with Finished
For Sale
$619,999
Pending
51 Taft Ave, Staten Island, NY 10301
Separate kitchens and living rooms serve the two residential levels, with additional finished basement space and private entrances.
Property Size1,848 SF
Days on Market224
Property Features for 51 Taft Ave
General Information
Standard status
Pending
Size
1,848 SF
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Building Details
Year Built
1920
Buildings
1
Listing Agency:
DiTommaso Real Estate
Listed By:
Wen Lin · License #10401321182
Source:
Statenislandhomelistings
Added: Jan 24
Changed: Sep 2
Last Checked: Sep 4 at 7:17AM
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 DiTommaso Real Estate
Investment Insights
Based on property information with market context.
This detached duplex, built in 1920, offers two separate residential levels. The first floor includes two bedrooms, a full bathroom, kitchen, and living room, while the second floor provides four bedrooms, a full bathroom, kitchen, and living room.
The fully finished basement adds two extra rooms, a 3/4 bathroom, and private entrances. A large backyard provides additional outdoor space. The property is located minutes from the NYC Ferry and public transit, with access suited to city commuters. The home is located at 51 Taft Ave, Staten Island, NY 10301.
The fully finished basement adds two extra rooms, a 3/4 bathroom, and private entrances. A large backyard provides additional outdoor space. The property is located minutes from the NYC Ferry and public transit, with access suited to city commuters. The home is located at 51 Taft Ave, Staten Island, NY 10301.
Key Highlights
- Detached two‑family duplex at 51 Taft Ave, Staten Island, NY 10301
- First floor includes 2 bedrooms, full bath, kitchen, and living room
- Second floor includes 4 bedrooms, full bath, kitchen, and living room
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
$45,956
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
7.41%
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%
$919,120
$919.1K
Cap Rate 7%
$656,514
$656.5K
Cap Rate 9%
$510,622
$510.6K
Market Conditions
NOI Build-Up for 1,848 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
$68.7K $37.20/SF
− Vacancy
−$3.1K −$1.67/SF
EGI
$65.7K $35.53/SF
− OpEx
−$19.7K −$10.66/SF
NOI
$46.0K $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%
$919,120
Cap Rate 7%
$656,514
Cap Rate 9%
$510,622
Alternative Uses
Best Use
Multifamily LT 5
$656.5K
$574.5K – $765.9K
NOI $45,956 @ 7.0% cap · market cap 7.41%
Second Best
Apartment 5plus
$585.4K
$512.3K – $683.0K
NOI $40,981 @ 7.0% cap · market cap 6.61%
Theoretical Best
Office A
$881.8K
$771.6K – $1.03M
NOI $61,724 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
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 - Separate kitchens and living rooms serve the two residential levels, with additional finished basement space and private entrances.
Where is this duplex located?
The property is located at 51 Taft Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $619,999.
What are key features of this property?
This property features: Detached two‑family duplex at 51 Taft Ave, Staten Island, NY 10301; First floor includes 2 bedrooms, full bath, kitchen, and living room; Second floor includes 4 bedrooms, full bath, kitchen, and living room
