Staten Island Multifamily Investment
68 Van Pelt Avenue Staten Island, NY 10303
For Sale
$1,099,999
MULTI_FAMILY - Staten Island, NY
Property Size3,040 SF
Lot Size0.07 Acres
Price / SF$361.84
Days on Market133
Property Features for 68 Van Pelt Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3A
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 3, Bathroom 1
- Parking features
- Garage
- Interior features
- Refrigerator, Stove
- Standard status
- Active
- Size
- 3,040 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8142
Building Details
- Year built
- 2006
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Laminate, Tile
- Building materials
- Block
- Roof type
- Asphalt
Listing Agency:
DiTommaso Real Estate
(718) 667-8000
Listed By:
Aziz Benohod · License #10401271139
(718) 667-8000
Added: Mar 16
Changed: Jul 11
Last Checked: Jul 26 at 10:06AM
MLS# 499692
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 income-producing detached property in Staten Island features six units over six units, along with an additional above-ground room and a 3/4 bathroom. The property is suitable for investors or owner-occupants looking for rental income opportunities. The property includes a large attic that offers expansion possibilities, as well as front, side, and backyard space. This property, with a lot size of 0.0735 acres and a property size of 3040 square feet, is zoned R3A. It is being sold as is with tenants in place, presenting an opportunity for multiple income streams and long-term appreciation.
Key Highlights
- Income‑producing 6‑over‑6 detached property with an additional above‑ground room and 3/4 bathroom
- Year built: 2006
- Garage parking and block construction
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $113.1k | $37.20 |
| − Vacancy | −$5.1k | −$1.67 |
| EGI | $108.0k | $35.53 |
| − OpEx | −$32.4k | −$10.66 |
| NOI | $75.6k | $24.87 |
3,040 SF · lease $37.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$945.0K – $1.26M
NOI $75,599 @ 7.0% cap · market cap 6.87%
Second Best
Apartment 5plus
$963.1K
$842.7K – $1.12M
NOI $67,415 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,537 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Income-producing 6-over-6 multifamily property with expansion potential.
Where is this duplex located?
The property is located at 68 Van Pelt Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,099,999.
What are key features of this property?
This property features: Income‑producing 6‑over‑6 detached property with an additional above‑ground room and 3/4 bathroom; Year built: 2006; Garage parking and block construction
