Renovated Detached Two-Family
For Sale
$1,100,000
74 Caswell Avenue, Staten Island, NY 10314
Completely renovated detached two-family residence with two new kitchens, updated baths, and a new heating system.
Property Size2,632 SF
Price / SF$417.93
Days on Market160
Property Features for 74 Caswell Avenue
General Information
Standard status
Active
Size
2,632 SF
Property subtype
MultiFamily
Zoning
R-3X
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,020
Amenities
Eat In
2
Full Bath
Natural Gas
Hot Water
Combination, Formal
3.00
Central Air
Asbestos, Vinyl Siding
Building Details
Year Built
1975
Listing Agency:
Ranasinghe Nirosh
(646) 275-6897
Listed By:
Nirosh D Ranasinghe · License #10311204486
(646) 275-6897
Source:
Compass
Added: Mar 17
Changed: Aug 8
Last Checked: Jul 21 at 7:57PM
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 Ranasinghe Nirosh
Investment Insights
Based on property information with market context.
This completely renovated detached two-family home has been refreshed throughout, including two brand new kitchens and fully updated bathrooms. The property also includes a new heating system with new ductwork and new stainless steel appliances.
Conveniently located near major highways, the home provides easy access to Brooklyn and New Jersey.
Offered for sale as a two-family residential income property, it presents a straightforward setup for either end users or investors looking for a turn-key, fully renovated residence.
Conveniently located near major highways, the home provides easy access to Brooklyn and New Jersey.
Offered for sale as a two-family residential income property, it presents a straightforward setup for either end users or investors looking for a turn-key, fully renovated residence.
Key Highlights
- Completely renovated detached two‑family home (built 1975) with two new kitchens
- 2 full baths and 2 3/4 baths for a total of 3.00 baths
- Brand new stainless steel appliances included
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
$71,787
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
6.53%
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%
$1,435,740
$1.4M
Cap Rate 7%
$1,025,529
$1.0M
Cap Rate 9%
$797,633
$797.6K
Market Conditions
NOI Build-Up for 2,632 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
$107.4K $40.80/SF
− Vacancy
−$4.8K −$1.84/SF
EGI
$102.6K $38.96/SF
− OpEx
−$30.8K −$11.69/SF
NOI
$71.8K $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%
$1,435,740
Cap Rate 7%
$1,025,529
Cap Rate 9%
$797,633
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$897.3K – $1.20M
NOI $71,787 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$950.9K
$832.1K – $1.11M
NOI $66,566 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $87,909 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
964
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 - Completely renovated detached two-family residence with two new kitchens, updated baths, and a new heating system.
Where is this duplex located?
The property is located at 74 Caswell Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Completely renovated detached two‑family home (built 1975) with two new kitchens; 2 full baths and 2 3/4 baths for a total of 3.00 baths; Brand new stainless steel appliances included
