Two-Building Duplex
For Sale
$999,000
77 Simonson Ave, Staten Island, NY 10303
Four apartments are arranged across two residences, with lower-level space for storage and utilities.
Property Size3,604 SF
Days on Market15
Property Features for 77 Simonson Ave
General Information
Standard status
Active
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: Sep 28
Changed: Oct 11
Last Checked: Oct 11 at 7:12AM
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
Investment Insights
Based on property information with market context.
This Staten Island offering includes two two-family homes with four apartments in total, each configured with two bedrooms, a kitchen, living room, and full bathroom. Both buildings need renovation. Each measures 18’ x 26’ and occupies a 22’ x 100’ lot. Lower levels include unfinished bathroom space and areas for storage or utilities. The properties were built in 1915.
Forest Avenue, supermarkets, restaurants, parks, and neighborhood services are nearby. Local S46 and S96 bus routes serve the area, with connections toward St. George and the Staten Island Ferry. Nearby public schools include P.S. 22 Graniteville, I.S. 51 Edwin Markham, and Port Richmond High School.
Forest Avenue, supermarkets, restaurants, parks, and neighborhood services are nearby. Local S46 and S96 bus routes serve the area, with connections toward St. George and the Staten Island Ferry. Nearby public schools include P.S. 22 Graniteville, I.S. 51 Edwin Markham, and Port Richmond High School.
Key Highlights
- Two two‑family homes with four apartments total
- All four apartments have two bedrooms
- Each building measures 18’ x 26’ on a 22’ x 100’ lot
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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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
787
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Four apartments are arranged across two residences, with lower-level space for storage and utilities.
Where is this duplex located?
The property is located at 77 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 two‑family homes with four apartments total; All four apartments have two bedrooms; Each building measures 18’ x 26’ on a 22’ x 100’ lot
