Two-Unit Home with Attached
For Sale
$949,000
Pending
664 Rensselaer Ave, Staten Island, NY 10312
Central A/C, an attached garage, and a private yard add practical functionality.
Property Size2,442 SF
Days on Market75
Property Features for 664 Rensselaer Ave
General Information
Standard status
Pending
Size
2,442 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
central A/C
attached garage
yard
Building Details
Year Built
1970
Listing Agency:
Tom Crimmins Realty, Ltd.
Listed By:
Ann Marie Cutrona
(718) 370-3200
Source:
Statenislandhomelistings
Added: Jun 21
Changed: Aug 31
Last Checked: Aug 31 at 2:29AM
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 Tom Crimmins Realty, Ltd.
Investment Insights
Based on property information with market context.
Located at 664 Rensselaer Ave, this 2,442-square-foot duplex includes a primary residence with three bedrooms and one full bathroom, plus a separate lower-level apartment with one bedroom and one bathroom. The secondary unit has been updated, creating flexibility for extended-family use or rental occupancy.
The home includes central A/C, a newer roof, and an attached garage that provides parking and storage. Outdoor space is available in the private yard. Built in 1970, the property sits on a quiet residential street in Huguenot, near local shopping and public transportation.
The home includes central A/C, a newer roof, and an attached garage that provides parking and storage. Outdoor space is available in the private yard. Built in 1970, the property sits on a quiet residential street in Huguenot, near local shopping and public transportation.
Key Highlights
- 2,442‑square‑foot duplex at 664 Rensselaer Ave, Staten Island, NY 10312
- Main unit has 3 bedrooms and 1 full bathroom
- Lower‑level apartment includes 1 bedroom and 1 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
$60,344
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
6.36%
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%
$1,206,880
$1.2M
Cap Rate 7%
$862,057
$862.1K
Cap Rate 9%
$670,489
$670.5K
Market Conditions
NOI Build-Up for 2,442 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
$93.8K $38.40/SF
− Vacancy
−$7.6K −$3.10/SF
EGI
$86.2K $35.30/SF
− OpEx
−$25.9K −$10.59/SF
NOI
$60.3K $24.71/SF
Area
ZIP 10312
Vacancy
8.07%
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%
$1,206,880
Cap Rate 7%
$862,057
Cap Rate 9%
$670,489
Alternative Uses
Best Use
Multifamily LT 5
$862.1K
$754.3K – $1.01M
NOI $60,344 @ 7.0% cap · market cap 6.36%
Second Best
Apartment 5plus
$758.4K
$663.6K – $884.8K
NOI $53,090 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,563 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
Explore this area
Business Placement
Demographics for 10312, NY
61,642
Population
22,547
Households
2.7
Avg Household Size
43
Median Age
41%
College-Educated
92%
High-School Grad
6.9 sq mi
ZIP Area
8,934
Density / Sq Mi
$111,434
Median Household Income
$62,700
Median Earnings
$1,911
Median Rent
$698,900
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 - Central A/C, an attached garage, and a private yard add practical functionality.
Where is this duplex located?
The property is located at 664 Rensselaer Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: 2,442‑square‑foot duplex at 664 Rensselaer Ave, Staten Island, NY 10312; Main unit has 3 bedrooms and 1 full bathroom; Lower‑level apartment includes 1 bedroom and 1 bathroom
