Two-Family Attached
For Sale
Contact for pricing
Pending
71 Dongan Avenue, Staten Island, NY 10314
Attached two-family property with separate yard access, finished basement space, updated systems, and rear parking access.
Property Size1,776 SF
Days on Market209
Property Features for 71 Dongan Avenue
General Information
Standard status
Pending
Size
1,776 SF
Property subtype
Multifamily
Zoning
R3-1
Building Details
Year Built
1950
Stories
2
Units
2
Listing Agency:
Compass Realty Central
Listed By:
Teresa Ieraci · License #New York
Source:
Crexi
Added: Feb 8
Changed: Aug 30
Last Checked: Aug 31 at 3:52PM
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 Compass Realty Central
Investment Insights
Based on property information with market context.
This attached two-family property offers a two-bedroom first-floor apartment with a kitchen, living and dining area, full bathroom, yard entry, and a finished basement containing additional bedrooms, a bathroom, washroom, and separate yard access. The second-floor apartment includes two bedrooms, a renovated kitchen with appliances, a combined living and dining area, and a full bathroom. The basement was legalized in 2022, and the first floor has been freshly painted.
Building improvements include a roof installed in 2016, a Navien instant gas heat and hot water combination installed 4 years ago, European-style radiators, mini-split units in all rooms, solar panels, and a Tesla charger outlet. Rear access provides car parking access. The property is zoned R3-1 and was built in 1950.
Building improvements include a roof installed in 2016, a Navien instant gas heat and hot water combination installed 4 years ago, European-style radiators, mini-split units in all rooms, solar panels, and a Tesla charger outlet. Rear access provides car parking access. The property is zoned R3-1 and was built in 1950.
Key Highlights
- Two‑family attached property with two‑bedroom apartments
- 1776 square feet on an R3‑1‑zoned parcel
- Finished basement with bedrooms, bathrooms, washroom, and separate yard entrance
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
$48,440
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
6.38%
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%
$968,800
$968.8K
Cap Rate 7%
$692,000
$692.0K
Cap Rate 9%
$538,222
$538.2K
Market Conditions
NOI Build-Up for 1,776 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
$72.5K $40.80/SF
− Vacancy
−$3.3K −$1.84/SF
EGI
$69.2K $38.96/SF
− OpEx
−$20.8K −$11.69/SF
NOI
$48.4K $27.27/SF
Area
ZIP 10314
Vacancy
4.50%
Lease Rate
$40.80 /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%
$968,800
Cap Rate 7%
$692,000
Cap Rate 9%
$538,222
Alternative Uses
Best Use
Multifamily LT 5
$692.0K
$605.5K – $807.3K
NOI $48,440 @ 7.0% cap · market cap 6.38%
Second Best
Apartment 5plus
$641.7K
$561.5K – $748.6K
NOI $44,917 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$847.4K
$741.5K – $988.7K
NOI $59,319 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,215
Businesses Nearby
Explore this area
Business Placement
Demographics for 10314, NY
92,157
Population
33,554
Households
2.7
Avg Household Size
41
Median Age
37%
College-Educated
89%
High-School Grad
13.0 sq mi
ZIP Area
7,089
Density / Sq Mi
$104,655
Median Household Income
$58,769
Median Earnings
$1,726
Median Rent
$665,500
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 - Attached two-family property with separate yard access, finished basement space, updated systems, and rear parking access.
Where is this duplex located?
The property is located at 71 Dongan Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $759,000.
What are key features of this property?
This property features: Two‑family attached property with two‑bedroom apartments; 1776 square feet on an R3‑1‑zoned parcel; Finished basement with bedrooms, bathrooms, washroom, and separate yard entrance
