Brick-Front Duplex with
For Sale
$1,699,900
Pending
699 Ionia Avenue, Staten Island, NY 10312
Residential Income, Staten Island, NY
Property Size4,044 SF
Lot Size0.26 Acres
Days on Market138
Property Features for 699 Ionia Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3X
Bedrooms
4
Bathrooms
4
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 2, Bathroom 3, Bathroom 5, Bedroom 2, Bathroom 1, Bedroom 4, Bathroom 4, Bedroom 1
Parking features
Open, Driveway, Off Street
Patio and Porch features
Patio
Pool private
1
Interior features
Walk-In Closet(s), Ceiling Fan(s)
Fencing
Fenced
Basement
Finished, Full
Lot features
Front Yard, Back Yard
Subdivision
Huguenot
Standard status
Pending
APN
6835-0032
Size
4,044 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Annual Amount
14716
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating)
Cooling system
Central Air
Amenities
heated in-ground pool
patio
Building Details
Year built
1993
Floors in Building
2
Number of units
2
Building materials
Aluminum Siding, Brick
Architectural style
Colonial
Listing Agency:
Berkshire Hathaway HomeService Cangiano Estates
(718) 605-5800
Listed By:
Kristen Mezzacappa · License #10301208209
(917) 757-1705
Added: Apr 23
Changed: Aug 27
Last Checked: Sep 7 at 9:06PM
MLS# 2602186
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.
This 4,044-square-foot duplex was built in 1993 with Colonial styling and brick-front construction. The property includes four bedrooms, multiple bathrooms, a finished basement with a family room, summer kitchen, three-quarter bath, additional bedroom, hardwood floors, and storage. A separate one-bedroom apartment provides additional living space, while the main residence features a custom eat-in kitchen, formal living and dining rooms, a family room with wood-burning fireplace, and a primary suite with walk-in closet and four-piece bath. Central air, natural-gas hot-water heating, public sewer, and a two-car garage are also included.
Set on 0.2552 acres with a 94 x 119 lot, the property offers a fenced backyard with a heated in-ground pool, new filter, patio, and open lawn. Parking includes a circular driveway, open spaces, and off-street parking. The address is in Staten Island, NY 10312, within Richmond County.
Set on 0.2552 acres with a 94 x 119 lot, the property offers a fenced backyard with a heated in-ground pool, new filter, patio, and open lawn. Parking includes a circular driveway, open spaces, and off-street parking. The address is in Staten Island, NY 10312, within Richmond County.
Key Highlights
- 4,044 square feet on a 0.2552‑acre lot
- 94 x 119 property with fenced backyard and patio
- Private one‑bedroom apartment with new heating system
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
$99,930
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
5.88%
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%
$1,998,600
$2.0M
Cap Rate 7%
$1,427,571
$1.4M
Cap Rate 9%
$1,110,333
$1.1M
Market Conditions
NOI Build-Up for 4,044 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
$155.3K $38.40/SF
− Vacancy
−$12.5K −$3.10/SF
EGI
$142.8K $35.30/SF
− OpEx
−$42.8K −$10.59/SF
NOI
$99.9K $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%
$1,998,600
Cap Rate 7%
$1,427,571
Cap Rate 9%
$1,110,333
Alternative Uses
Best Use
Multifamily LT 5
$1.43M
$1.25M – $1.67M
NOI $99,930 @ 7.0% cap · market cap 5.88%
Second Best
Apartment 5plus
$1.26M
$1.10M – $1.47M
NOI $87,918 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $135,071 @ 7.0% cap · market cap 7.95%
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
343
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 - R3X-zoned property combines a finished basement, private apartment, garage, and outdoor recreation features.
Where is this duplex located?
The property is located at 699 Ionia Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,699,900.
What are key features of this property?
This property features: 4,044 square feet on a 0.2552‑acre lot; 94 x 119 property with fenced backyard and patio; Private one‑bedroom apartment with new heating system
