Detached Two-Family
For Sale
$950,000
65 Van Pelt Avenue, Staten Island, NY 10303
Residential Income, Staten Island, NY
Property Size2,160 SF
Lot Size0.18 Acres
Price / SF$439.81
Days on Market8
Property Features for 65 Van Pelt Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3A
Bedrooms
6
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 4, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 6, Bedroom 1, Bathroom 1, Bedroom 5, Bedroom 2
Parking features
Off Street
Basement
Finished, Full
Lot features
Back Yard
Subdivision
Mariners Harbor
Standard status
Active
APN
01188-0018
Size
2,160 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Annual Amount
5615
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Building Details
Year built
1920
Floors in Building
3
Number of units
2
Building materials
Brick, Stucco
Architectural style
Colonial
Listing Agency:
Triolo Realty Group, Inc.
(718) 844-5414
Listed By:
Linda Jabr · License #10401282759
(347) 838-1034
Added: Aug 17
Changed: Aug 21
Last Checked: Aug 24 at 2:06AM
MLS# 2604639
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.
Located at 65 Van Pelt Avenue in Staten Island, this detached duplex contains two residential units totaling 2,160 square feet. The first-floor apartment has three bedrooms and one-and-a-half bathrooms, while the upper apartment provides three bedrooms and one full bathroom. The property is constructed with brick and stucco, uses forced-air natural gas heat, and was built in 1920 in a Colonial style.
Additional space is available in the finished attic and finished basement, with potential applications including storage, recreation, or office use. The 0.1837-acre lot also includes a detached two-car garage and off-street parking. Public sewer serves the property, which is zoned R3A.
Both apartments are currently rented with paying tenants and may not be delivered vacant. The property is offered as is.
Additional space is available in the finished attic and finished basement, with potential applications including storage, recreation, or office use. The 0.1837-acre lot also includes a detached two-car garage and off-street parking. Public sewer serves the property, which is zoned R3A.
Both apartments are currently rented with paying tenants and may not be delivered vacant. The property is offered as is.
Key Highlights
- Legal two‑family duplex with 2,160 square feet
- First‑floor unit: 3 bedrooms and 1.5 bathrooms
- Second‑floor unit: 3 bedrooms and 1 full bathroom
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
$53,715
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
5.65%
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%
$1,074,300
$1.1M
Cap Rate 7%
$767,357
$767.4K
Cap Rate 9%
$596,833
$596.8K
Market Conditions
NOI Build-Up for 2,160 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 $37.20/SF
− Vacancy
−$3.6K −$1.67/SF
EGI
$76.7K $35.53/SF
− OpEx
−$23.0K −$10.66/SF
NOI
$53.7K $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%
$1,074,300
Cap Rate 7%
$767,357
Cap Rate 9%
$596,833
Alternative Uses
Best Use
Multifamily LT 5
$767.4K
$671.4K – $895.3K
NOI $53,715 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$684.3K
$598.8K – $798.3K
NOI $47,900 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$1.03M
$901.8K – $1.20M
NOI $72,144 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
838
Businesses Nearby
Explore this area
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
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 - Six-bedroom configuration includes finished attic and basement areas, plus a separate two-car garage.
Where is this duplex located?
The property is located at 65 Van Pelt Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Legal two‑family duplex with 2,160 square feet; First‑floor unit: 3 bedrooms and 1.5 bathrooms; Second‑floor unit: 3 bedrooms and 1 full bathroom
