Brick Two-Family
New
For Sale
$979,900
53 Stafford Avenue, Staten Island, NY 10312
Residential Income, Staten Island, NY
Property Size2,406 SF
Lot Size0.09 Acres
Price / SF$407.27
Days on Market2
Property Features for 53 Stafford Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3-1
Bedrooms
5
Bathrooms
3
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 5, Bedroom 1
Parking features
Carport
Basement
Full, Finished
Lot features
Front Yard, Back Yard
Subdivision
Huguenot
Standard status
Active
APN
5715-80
Size
2,406 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
3791
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Cooling system
Central Air
Building Details
Year built
1984
Floors in Building
2
Number of units
2
Building materials
Brick
Architectural style
Ranch
Listing Agency:
Homes R Us Realty of NY, Inc.
(718) 668-2550
Listed By:
Gennady Gary Papirov · License #30PA0885250
(917) 856-2012
Added: Sep 8
Changed: Sep 9
Last Checked: Sep 9 at 5:06PM
MLS# 2605046
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 1984 brick ranch is a legal two-family residence containing 2,406 square feet on a 0.0941-acre lot. The primary unit includes three bedrooms and two bathrooms, along with hardwood floors, high ceilings, large windows, a full basement, and a one-car garage. A separate first-floor apartment provides two bedrooms and a practical layout. Central air, hot water heating, natural gas, public sewer, and a private backyard are also included.
The property is located at 53 Stafford Avenue in Staten Island, NY 10312, within Richmond County. The surrounding area includes public transportation, parks, schools, restaurants, shopping, and other everyday services. Zoning is R3-1, and the property includes carport parking.
The property is located at 53 Stafford Avenue in Staten Island, NY 10312, within Richmond County. The surrounding area includes public transportation, parks, schools, restaurants, shopping, and other everyday services. Zoning is R3-1, and the property includes carport parking.
Key Highlights
- Legal two‑family residence with 2,406 square feet
- Three‑bedroom, two‑bathroom main unit
- Separate first‑floor two‑bedroom apartment
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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Current Use
Lease Details
2
Residential units
Yes
Paved road access
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family property with a three-bedroom main unit, two-bedroom apartment, full basement, and central air.
Where is this duplex located?
The property is located at 53 Stafford Avenue 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 residence with 2,406 square feet; Three‑bedroom, two‑bathroom main unit; Separate first‑floor two‑bedroom apartment
