Two-Building Duplex
New
For Sale
$999,000
Pending
75 Simonson Ave, Staten Island, NY 10303
Four two-bedroom apartments are distributed between two duplex buildings, with lower-level space for storage and utilities.
Property Size3,604 SF
Days on Market6
Property Features for 75 Simonson Ave
General Information
Standard status
Pending
Size
3,604 SF
Property subtype
Multi Family
Property Condition
Severity
Repairs Needed
Evidence
require TLC
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,417
Building Details
Building Size
3,604 SF
Year Built
1915
Buildings
2
Stories
2
Listing Agency:
ProBase Real Estate
Listed By:
JiaJie (Kai) Zheng · License #10401377313
(718) 210-2727
Source:
Elliman
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 26 at 4:03PM
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 ProBase Real Estate
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Investment Insights
Based on property information with market context.
This two-building duplex property contains four apartments, each configured with two bedrooms, a kitchen, a living room and a full bathroom. Each building measures 18 feet by 26 feet and occupies a 22-foot by 100-foot lot. Lower-level areas include an unfinished bathroom and space for storage or utilities. The properties require renovation work.
The homes are near Forest Avenue, with supermarkets, restaurants, shopping, parks and neighborhood services nearby. Local bus routes S46 and S96 connect along the North Shore and toward St. George, where ferry service to Lower Manhattan is available. Nearby schools include P.S. 22 Graniteville, I.S. 51 Edwin Markham and Port Richmond High School.
The homes are near Forest Avenue, with supermarkets, restaurants, shopping, parks and neighborhood services nearby. Local bus routes S46 and S96 connect along the North Shore and toward St. George, where ferry service to Lower Manhattan is available. Nearby schools include P.S. 22 Graniteville, I.S. 51 Edwin Markham and Port Richmond High School.
Key Highlights
- Two duplex buildings contain four two‑bedroom apartments
- Each unit includes a kitchen, living room and full bathroom
- Buildings measure 18’ x 26’ and sit on 22’ x 100’ lots
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,625
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,792,500
$1.8M
Cap Rate 7%
$1,280,357
$1.3M
Cap Rate 9%
$995,833
$995.8K
Market Conditions
NOI Build-Up for 3,604 SF
Gross rent
$134.1K $37.20/SF
− Vacancy
−$6.0K −$1.67/SF
EGI
$128.0K $35.53/SF
− OpEx
−$38.4K −$10.66/SF
NOI
$89.6K $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 Rate 5%
$1,792,500
Cap Rate 7%
$1,280,357
Cap Rate 9%
$995,833
Alternative Uses
Best Use
Multifamily LT 5
$1.28M
$1.12M – $1.49M
NOI $89,625 @ 7.0% cap · market cap 8.97%
Second Best
Apartment 5plus
$1.14M
$999.0K – $1.33M
NOI $79,922 @ 7.0% cap · market cap 8.00%
Theoretical Best
Office A
$1.72M
$1.50M – $2.01M
NOI $120,374 @ 7.0% cap · market cap 12.05%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
787
Businesses Nearby
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Business Placement
Demographics for 10303, NY
28,155
Population
9,580
Households
2.9
Avg Household Size
34
Median Age
30%
College-Educated
83%
High-School Grad
3.2 sq mi
ZIP Area
8,798
Density / Sq Mi
$79,429
Median Household Income
$49,072
Median Earnings
$1,520
Median Rent
$457,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Four two-bedroom apartments are distributed between two duplex buildings, with lower-level space for storage and utilities.
Where is this duplex located?
The property is located at 75 Simonson Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Two duplex buildings contain four two‑bedroom apartments; Each unit includes a kitchen, living room and full bathroom; Buildings measure 18’ x 26’ and sit on 22’ x 100’ lots
