Spacious Two-Family Home For
For Sale
Contact for pricing
Pending
536 Cary Avenue, Staten Island, NY 10310
Legal two-family home with flexible living and investment potential.
Property Size2,250 SF
Days on Market164
Property Features for 536 Cary Avenue
General Information
Standard status
Pending
Size
2,250 SF
Property subtype
Multifamily
Zoning
R3 A
Building Details
Year Built
1899
Stories
3
Units
2
Listing Agency:
Homes R US Realty Of NY Inc
(917) 856-2012
Listed By:
Gennady (Gary) Papirov · License #NY
Source:
Crexi
Added: Mar 12
Changed: Aug 8
Last Checked: Jul 24 at 12:56PM
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.
The property at 536 Cary Avenue is a legal two-family home, offering flexibility for homeowners and investors. The first floor features a one-bedroom apartment with direct access to the backyard. A finished basement includes a 3/4 bath and additional rooms, providing extra living space. The second floor offers a three-bedroom apartment with a full bath and access to a finished attic. The finished attic contains two additional rooms and another 3/4 bath. The property is suitable for offsetting expenses with rental income or for investors seeking to expand their portfolio. The property size is 2250 square feet. The property is located near transportation, shopping, schools, and local amenities.
Key Highlights
- Legal two‑family home offering flexibility for homeowners or investors.
- First‑floor apartment with backyard access and finished basement (includes 3/4 bath and additional rooms).
- Second‑floor three‑bedroom apartment with finished attic (includes two rooms and a 3/4 bath).
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
$55,953
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
7.99%
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%
$1,119,060
$1.1M
Cap Rate 7%
$799,329
$799.3K
Cap Rate 9%
$621,700
$621.7K
Market Conditions
NOI Build-Up for 2,250 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
$83.7K $37.20/SF
− Vacancy
−$3.8K −$1.67/SF
EGI
$79.9K $35.53/SF
− OpEx
−$24.0K −$10.66/SF
NOI
$56.0K $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%
$1,119,060
Cap Rate 7%
$799,329
Cap Rate 9%
$621,700
Alternative Uses
Best Use
Multifamily LT 5
$799.3K
$699.4K – $932.6K
NOI $55,953 @ 7.0% cap · market cap 7.99%
Second Best
Apartment 5plus
$712.8K
$623.7K – $831.6K
NOI $49,896 @ 7.0% cap · market cap 7.13%
Theoretical Best
Office A
$1.07M
$939.4K – $1.25M
NOI $75,151 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,785
Businesses Nearby
Explore this area
Business Placement
Demographics for 10310, NY
26,667
Population
9,909
Households
2.7
Avg Household Size
37
Median Age
31%
College-Educated
88%
High-School Grad
1.8 sq mi
ZIP Area
14,815
Density / Sq Mi
$106,118
Median Household Income
$57,861
Median Earnings
$1,638
Median Rent
$623,300
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 - Legal two-family home with flexible living and investment potential.
Where is this duplex located?
The property is located at 536 Cary 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: Legal two‑family home offering flexibility for homeowners or investors.; First‑floor apartment with backyard access and finished basement (includes 3/4 bath and additional rooms).; Second‑floor three‑bedroom apartment with finished attic (includes two rooms and a 3/4 bath).
