Two-Family High-Ranch
For Sale
$979,900
Pending
53 Stafford Ave, Staten Island, NY 10312
Legal two-unit residence with a full basement, garage, and private backyard.
Property Size2,406 SF
Days on Market14
Property Features for 53 Stafford Ave
General Information
Standard status
Pending
Size
2,406 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
full basement
hardwood floors
high ceilings
large windows
private backyard
Building Details
Year Built
1984
Buildings
1
Construction
high ranch
Listing Agency:
Homes R Us Realty of NY, Inc.
Listed By:
Gennady Gary Papirov · License #30PA0885250
(917) 856-2012
Source:
Statenislandhomelistings
Added: Sep 8
Changed: Sep 18
Last Checked: Sep 21 at 7:21AM
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 Homes R Us Realty of NY, Inc.
Investment Insights
Based on property information with market context.
Located at 53 Stafford Ave, Staten Island, NY 10312, this legal two-family high-ranch property contains 2406 square feet and was built in 1984. The main residence includes 3 bedrooms and 2 bathrooms, along with hardwood floors, high ceilings, large windows, and a full basement. A one-car garage and private backyard add practical utility.
The first-floor apartment provides 2 bedrooms in a separate residential layout. The property is positioned on a tree-lined block near public transportation, parks, schools, restaurants, shopping, and everyday conveniences.
The first-floor apartment provides 2 bedrooms in a separate residential layout. The property is positioned on a tree-lined block near public transportation, parks, schools, restaurants, shopping, and everyday conveniences.
Key Highlights
- Legal two‑family high‑ranch property with 2406 square feet
- Main unit includes 3 bedrooms and 2 bathrooms
- First‑floor apartment offers 2 bedrooms
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
$59,454
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
6.07%
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%
$1,189,080
$1.2M
Cap Rate 7%
$849,343
$849.3K
Cap Rate 9%
$660,600
$660.6K
Market Conditions
NOI Build-Up for 2,406 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
$92.4K $38.40/SF
− Vacancy
−$7.5K −$3.10/SF
EGI
$84.9K $35.30/SF
− OpEx
−$25.5K −$10.59/SF
NOI
$59.5K $24.71/SF
Area
ZIP 10312
Vacancy
8.07%
Lease Rate
$38.40 /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%
$1,189,080
Cap Rate 7%
$849,343
Cap Rate 9%
$660,600
Alternative Uses
Best Use
Multifamily LT 5
$849.3K
$743.2K – $990.9K
NOI $59,454 @ 7.0% cap · market cap 6.07%
Second Best
Apartment 5plus
$747.2K
$653.8K – $871.8K
NOI $52,307 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,361 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
390
Businesses Nearby
Explore this area
Business Placement
Demographics for 10312, NY
61,642
Population
22,547
Households
2.7
Avg Household Size
43
Median Age
41%
College-Educated
92%
High-School Grad
6.9 sq mi
ZIP Area
8,934
Density / Sq Mi
$111,434
Median Household Income
$62,700
Median Earnings
$1,911
Median Rent
$698,900
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 - Legal two-unit residence with a full basement, garage, and private backyard.
Where is this duplex located?
The property is located at 53 Stafford Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $979,900.
What are key features of this property?
This property features: Legal two‑family high‑ranch property with 2406 square feet; Main unit includes 3 bedrooms and 2 bathrooms; First‑floor apartment offers 2 bedrooms
