Detached Duplex with
For Sale
$999,000
63 Coddington Avenue, Staten Island, NY 10306
Residential, Duplex, Staten Island, NY
Property Size2,094 SF
Lot Size0.09 Acres
Price / SF$477.08
Days on Market123
Property Features for 63 Coddington Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3X
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 5, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 3
Interior features
Refrigerator, Stove
Basement
Full, Finished
Subdivision
New Dorp
Standard status
Active
Size
2,094 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
6629
Amenities
swimming pool
Building Details
Year built
1925
Floors in Building
2
Flooring type
Tile, Hardwood
Architectural style
Other
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Peter Pan · License #10401215383
(347) 575-1849
Added: May 4
Changed: Aug 23
Last Checked: Sep 3 at 5:06PM
MLS# 501142
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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 detached duplex contains 2,094 square feet on a 0.0918-acre corner lot and is currently arranged as a single-family residence. The property includes two full floors, an attic level, and a semi-finished basement. Its current layout provides 5-7 bedrooms, 2 full bathrooms, and an additional half bath, with hardwood and tile flooring, a separate kitchen, formal dining room, living room, walk-in closet, and upgraded bathroom. Refrigerator and stove are included.
The rear of the property provides private parking for 1-2 cars and a backyard swimming pool. Built in 1925 and zoned R3X, the home offers a two-family configuration with flexible interior use. The property is located near transportation, shopping, and New Dorp.
The rear of the property provides private parking for 1-2 cars and a backyard swimming pool. Built in 1925 and zoned R3X, the home offers a two-family configuration with flexible interior use. The property is located near transportation, shopping, and New Dorp.
Key Highlights
- Detached two‑family home currently configured as a single‑family residence
- 2,094 square feet on a 0.0918‑acre corner lot
- Current layout includes 5‑7 bedrooms, 2 full bathrooms, and an additional half 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
$53,191
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
5.32%
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%
$1,063,820
$1.1M
Cap Rate 7%
$759,871
$759.9K
Cap Rate 9%
$591,011
$591.0K
Market Conditions
NOI Build-Up for 2,094 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
$80.4K $38.40/SF
− Vacancy
−$4.4K −$2.11/SF
EGI
$76.0K $36.29/SF
− OpEx
−$22.8K −$10.89/SF
NOI
$53.2K $25.40/SF
Area
ZIP 10306
Vacancy
5.50%
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%
$1,063,820
Cap Rate 7%
$759,871
Cap Rate 9%
$591,011
Alternative Uses
Best Use
Multifamily LT 5
$759.9K
$664.9K – $886.5K
NOI $53,191 @ 7.0% cap · market cap 5.32%
Second Best
Apartment 5plus
$675.2K
$590.8K – $787.8K
NOI $47,266 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$999.1K
$874.3K – $1.17M
NOI $69,940 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,906
Businesses Nearby
Explore this area
Business Placement
Demographics for 10306, NY
57,919
Population
21,299
Households
2.7
Avg Household Size
43
Median Age
34%
College-Educated
88%
High-School Grad
7.2 sq mi
ZIP Area
8,044
Density / Sq Mi
$97,746
Median Household Income
$54,052
Median Earnings
$1,743
Median Rent
$675,400
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 - Flexible residential layout with attic, semi-finished basement, rear parking, and backyard swimming pool.
Where is this duplex located?
The property is located at 63 Coddington Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Detached two‑family home currently configured as a single‑family residence; 2,094 square feet on a 0.0918‑acre corner lot; Current layout includes 5‑7 bedrooms, 2 full bathrooms, and an additional half bath
