Duplex Home With Attached
New
For Sale
Contact for pricing
58 E Reading Avenue, Staten Island, NY 10308
The semi-attached layout includes a private first-floor apartment and an unfinished basement.
Property Size2,280 SF
Price / SF$372.81
Days on Market7
Property Features for 58 E Reading Avenue
General Information
Standard status
Active
Size
2,280 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
2
Amenities
hardwood floors
central air conditioning
attached garage
unfinished basement
Building Details
Buildings
1
Construction
Semi-Attached
Listing Agency:
MAK Estates
Listed By:
Tracy Tessitore · License #1049120674
Source:
Crexi
Added: Sep 16
Changed: Sep 18
Last Checked: Sep 21 at 5:17AM
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 MAK Estates
Investment Insights
Based on property information with market context.
This 2,280-square-foot duplex is configured with 4 bedrooms and 3 bathrooms, including a private one-bedroom apartment on the first floor. The semi-attached home features hardwood floors, central air conditioning, spacious rooms, and an oversized attached garage. An exceptionally large unfinished basement provides additional storage or future customization potential.
Located at 58 E Reading Avenue in Staten Island’s Great Kills area, the property is near shopping, schools, restaurants, parks, and transportation. The two-family arrangement provides separate living flexibility within a single residential property, with a layout suited to extended household use or rental occupancy.
Located at 58 E Reading Avenue in Staten Island’s Great Kills area, the property is near shopping, schools, restaurants, parks, and transportation. The two-family arrangement provides separate living flexibility within a single residential property, with a layout suited to extended household use or rental occupancy.
Key Highlights
- 2,280‑square‑foot two‑family duplex
- 4 bedrooms and 3 bathrooms
- Private first‑floor one‑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
$56,699
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
6.67%
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%
$1,133,980
$1.1M
Cap Rate 7%
$809,986
$810.0K
Cap Rate 9%
$629,989
$630.0K
Market Conditions
NOI Build-Up for 2,280 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
$84.8K $37.20/SF
− Vacancy
−$3.8K −$1.67/SF
EGI
$81.0K $35.53/SF
− OpEx
−$24.3K −$10.66/SF
NOI
$56.7K $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%
$1,133,980
Cap Rate 7%
$809,986
Cap Rate 9%
$629,989
Alternative Uses
Best Use
Multifamily LT 5
$810.0K
$708.7K – $945.0K
NOI $56,699 @ 7.0% cap · market cap 6.67%
Second Best
Apartment 5plus
$722.3K
$632.0K – $842.7K
NOI $50,561 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$1.09M
$951.9K – $1.27M
NOI $76,153 @ 7.0% cap · market cap 8.96%
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
852
Businesses Nearby
Explore this area
Business Placement
Demographics for 10308, NY
28,198
Population
11,093
Households
2.5
Avg Household Size
44
Median Age
40%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
12,817
Density / Sq Mi
$122,654
Median Household Income
$67,149
Median Earnings
$1,729
Median Rent
$648,800
Median Home Value
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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 - The semi-attached layout includes a private first-floor apartment and an unfinished basement.
Where is this duplex located?
The property is located at 58 E Reading Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 2,280‑square‑foot two‑family duplex; 4 bedrooms and 3 bathrooms; Private first‑floor one‑bedroom apartment
