Two-Family Home with Private
For Sale
Contact for pricing
Pending
64 Van Name Avenue, Staten Island, NY 10303
Detached two-family residence with main 3-bedroom unit and separate one-bedroom apartment plus updated systems and outdoor decks.
Property Size2,400 SF
Days on Market169
Property Features for 64 Van Name Avenue
General Information
Standard status
Pending
Size
2,400 SF
Property subtype
Multifamily
Zoning
R3A
Additional Details
Multifamily Units
2
Building Details
Year Built
2001
Stories
2
Units
2
Listing Agency:
Keller Williams Realty Staten Island
Listed By:
Joseph Marcello · License #40MA1003659
(718) 605-5800
Source:
Crexi
Added: Mar 26
Changed: Sep 8
Last Checked: Sep 9 at 3:33PM
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 Keller Williams Realty Staten Island
Investment Insights
Based on property information with market context.
Well-maintained detached two-family home offering flexible living and income potential. The main unit features 3 bedrooms, hardwood floors, four updated bathrooms, and a renovated kitchen with granite countertops, upgraded cabinetry, and modern appliances. Enjoy outdoor living with a private deck off the kitchen and an additional deck off the primary bedroom; the primary bedroom includes a private master bathroom with shower. A separate side entrance provides access to a one-bedroom apartment, suited to rental income or extended living.
Major systems have been updated within the last few years, including heating, central air, and hot water heaters. The property also includes a private backyard offering additional space for entertaining, with flexibility for potential off-street parking. Situated on a quiet, privately accessed block, the home is positioned for privacy while maintaining straightforward two-family functionality.
The configuration supports both owner-occupant and investor scenarios, with independent entrances and separate living arrangements within a single detached building.
Major systems have been updated within the last few years, including heating, central air, and hot water heaters. The property also includes a private backyard offering additional space for entertaining, with flexibility for potential off-street parking. Situated on a quiet, privately accessed block, the home is positioned for privacy while maintaining straightforward two-family functionality.
The configuration supports both owner-occupant and investor scenarios, with independent entrances and separate living arrangements within a single detached building.
Key Highlights
- Detached two‑family home built in 2001 with over 2,000 sq ft total living space
- Main unit: 3 bedrooms, hardwood floors, and 4 updated bathrooms
- Renovated kitchen with granite countertops, upgraded cabinetry, and modern appliances
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
$59,684
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
7.56%
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%
$1,193,680
$1.2M
Cap Rate 7%
$852,629
$852.6K
Cap Rate 9%
$663,156
$663.2K
Market Conditions
NOI Build-Up for 2,400 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
$89.3K $37.20/SF
− Vacancy
−$4.0K −$1.67/SF
EGI
$85.3K $35.53/SF
− OpEx
−$25.6K −$10.66/SF
NOI
$59.7K $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%
$1,193,680
Cap Rate 7%
$852,629
Cap Rate 9%
$663,156
Alternative Uses
Best Use
Multifamily LT 5
$852.6K
$746.1K – $994.7K
NOI $59,684 @ 7.0% cap · market cap 7.56%
Second Best
Apartment 5plus
$760.3K
$665.3K – $887.0K
NOI $53,222 @ 7.0% cap · market cap 6.75%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,161 @ 7.0% cap · market cap 10.16%
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
787
Businesses Nearby
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Business Placement
Demographics for 10303, NY
28,155
Population
9,580
Households
2.9
Avg Household Size
34
Median Age
30%
College-Educated
83%
High-School Grad
3.2 sq mi
ZIP Area
8,798
Density / Sq Mi
$79,429
Median Household Income
$49,072
Median Earnings
$1,520
Median Rent
$457,600
Median Home Value
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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 - Detached two-family residence with main 3-bedroom unit and separate one-bedroom apartment plus updated systems and outdoor decks.
Where is this duplex located?
The property is located at 64 Van Name Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: Detached two‑family home built in 2001 with over 2,000 sq ft total living space; Main unit: 3 bedrooms, hardwood floors, and 4 updated bathrooms; Renovated kitchen with granite countertops, upgraded cabinetry, and modern appliances
