Duplex with Fenced
For Sale
Contact for pricing
Pending
67 Genesee Avenue, Staten Island, NY 10308
Two-unit residential property with private parking, garage access, and flexible lower-level living space.
Property Size1,400 SF
Days on Market228
Property Features for 67 Genesee Avenue
General Information
Standard status
Pending
Size
1,400 SF
Property subtype
Multifamily
Zoning
R3 A
Building Details
Year Built
1965
Stories
2
Units
2
Listing Agency:
American Homes Group
Listed By:
Neil Grasso · License #10401230900
Source:
Crexi
Added: Jan 15
Changed: Aug 30
Last Checked: Aug 30 at 6:20PM
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 American Homes Group
Investment Insights
Based on property information with market context.
This two-family residential property, built in 1965, includes separate living arrangements across its upper and ground levels. The upper residence offers three bedrooms, one bathroom, and hardwood flooring. The lower apartment includes one bedroom and one bathroom, along with an additional living room or den for added flexibility.
Exterior features include a built-in garage, private driveway, and direct access to a fenced backyard. The property is located at 67 Genesee Avenue in Staten Island, NY 10308, and carries R3 A zoning.
Exterior features include a built-in garage, private driveway, and direct access to a fenced backyard. The property is located at 67 Genesee Avenue in Staten Island, NY 10308, and carries R3 A zoning.
Key Highlights
- Two‑family property with a 3‑bedroom, 1‑bath upper residence
- Ground‑level 1‑bedroom, 1‑bath apartment with an additional living room or den
- Hardwood floors throughout the upper level
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
$34,815
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
3.87%
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%
$696,300
$696.3K
Cap Rate 7%
$497,357
$497.4K
Cap Rate 9%
$386,833
$386.8K
Market Conditions
NOI Build-Up for 1,400 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
$52.1K $37.20/SF
− Vacancy
−$2.3K −$1.67/SF
EGI
$49.7K $35.53/SF
− OpEx
−$14.9K −$10.66/SF
NOI
$34.8K $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%
$696,300
Cap Rate 7%
$497,357
Cap Rate 9%
$386,833
Alternative Uses
Best Use
Multifamily LT 5
$497.4K
$435.2K – $580.3K
NOI $34,815 @ 7.0% cap · market cap 3.87%
Second Best
Apartment 5plus
$443.5K
$388.1K – $517.4K
NOI $31,046 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$668.0K
$584.5K – $779.3K
NOI $46,760 @ 7.0% cap · market cap 5.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,257
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
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 - Two-unit residential property with private parking, garage access, and flexible lower-level living space.
Where is this duplex located?
The property is located at 67 Genesee Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two‑family property with a 3‑bedroom, 1‑bath upper residence; Ground‑level 1‑bedroom, 1‑bath apartment with an additional living room or den; Hardwood floors throughout the upper level
