Brick Duplex With Two-Car
For Sale
$998,800
Pending
74 Cypress Ave, Staten Island, NY 10301
Two residential units offer room for comfortable living with individual kitchens, living areas, and full bathrooms.
Property Size2,080 SF
Days on Market98
Property Features for 74 Cypress Ave
General Information
Standard status
Pending
Size
2,080 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
landscaping
Building Details
Year Built
1960
Buildings
1
Construction
brick
Listing Agency:
American Homes Group
Listed By:
Ron Molcho · License #10311206568
(917) 531-1100
Source:
Statenislandhomelistings
Added: May 29
Changed: Sep 2
Last Checked: Sep 2 at 6:26PM
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 duplex contains two residential units, each arranged with five rooms, two bedrooms, a full bathroom, a living room, and a kitchen. The property measures 2,080 square feet and was built in 1960. A predominantly brick exterior, built-in two-car garage, corner placement, and mature landscaping add practical and visual appeal.
Located at 74 Cypress Ave in Staten Island’s Sunnyside neighborhood, the property is near the Staten Island Expressway and provides access to transportation, shopping, and local amenities. Its two-unit configuration supports residential income use and offers a format suited to both homeowners and investors.
Located at 74 Cypress Ave in Staten Island’s Sunnyside neighborhood, the property is near the Staten Island Expressway and provides access to transportation, shopping, and local amenities. Its two-unit configuration supports residential income use and offers a format suited to both homeowners and investors.
Key Highlights
- Two residential units, each with five rooms, two bedrooms, a full bathroom, living room, and kitchen
- 2,080‑square‑foot property built in 1960
- Predominantly brick exterior
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
$51,726
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
5.18%
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%
$1,034,520
$1.0M
Cap Rate 7%
$738,943
$738.9K
Cap Rate 9%
$574,733
$574.7K
Market Conditions
NOI Build-Up for 2,080 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
$77.4K $37.20/SF
− Vacancy
−$3.5K −$1.67/SF
EGI
$73.9K $35.53/SF
− OpEx
−$22.2K −$10.66/SF
NOI
$51.7K $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%
$1,034,520
Cap Rate 7%
$738,943
Cap Rate 9%
$574,733
Alternative Uses
Best Use
Multifamily LT 5
$738.9K
$646.6K – $862.1K
NOI $51,726 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$658.9K
$576.6K – $768.8K
NOI $46,126 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$992.5K
$868.4K – $1.16M
NOI $69,472 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
829
Businesses Nearby
Explore this area
Business Placement
Demographics for 10301, NY
41,474
Population
16,631
Households
2.5
Avg Household Size
40
Median Age
38%
College-Educated
88%
High-School Grad
3.8 sq mi
ZIP Area
10,914
Density / Sq Mi
$84,937
Median Household Income
$50,140
Median Earnings
$1,697
Median Rent
$657,000
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 residential units offer room for comfortable living with individual kitchens, living areas, and full bathrooms.
Where is this duplex located?
The property is located at 74 Cypress Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $998,800.
What are key features of this property?
This property features: Two residential units, each with five rooms, two bedrooms, a full bathroom, living room, and kitchen; 2,080‑square‑foot property built in 1960; Predominantly brick exterior
