Four-Unit Duplex
New
For Sale
$999,000
77 Simonson Avenue, Staten Island, NY 10303
Residential, Staten Island, NY
Property Size3,604 SF
Lot Size0.12 Acres
Price / SF$277.19
Days on Market3
Property Features for 77 Simonson Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3A
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 7, Bedroom 6, Bedroom 8, Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 4
Interior features
Refrigerator, Stove
Basement
Full
Subdivision
Manor Heights
Standard status
Active
Size
3,604 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
4417
Building Details
Year built
1915
Floors in Building
2
Number of units
4
Flooring type
Hardwood, Laminate, Tile
Building materials
Wood Frame
Roof type
Flat
Listing Agency:
ProBase Real Estate
(718) 210-2727
Listed By:
JiaJie (Kai) Zheng
(646) 407-6668
Added: Sep 25
Changed: Sep 26
Last Checked: Sep 27 at 12:06PM
MLS# 504864
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex package comprises two buildings with four apartments in total. Each apartment has two bedrooms, a kitchen, a living room, and a full bathroom. The combined property size is 3,604 square feet on 0.1178 acres, with R3A zoning. Refrigerator and stove are listed among the interior features; the buildings have wood-frame construction.
The property is near Forest Avenue, with supermarkets, restaurants, parks, and neighborhood services in the surrounding area. Nearby bus routes S46 and S96 connect along the North Shore and toward St. George, where ferry service to Lower Manhattan is available.
The property is near Forest Avenue, with supermarkets, restaurants, parks, and neighborhood services in the surrounding area. Nearby bus routes S46 and S96 connect along the North Shore and toward St. George, where ferry service to Lower Manhattan is available.
Key Highlights
- Two buildings with four two‑bedroom apartments in total
- 3,604 square feet on 0.1178 acres
- R3A zoning
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
$89,625
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
8.97%
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%
$1,792,500
$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
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
$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 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%
$1,792,500
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.
Property Analytics
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Open Analytics
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
Check the figures for this property
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 - Two buildings contain four two-bedroom apartments, with kitchens, living rooms, and full bathrooms in each unit.
Where is this duplex located?
The property is located at 77 Simonson Avenue 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 buildings with four two‑bedroom apartments in total; 3,604 square feet on 0.1178 acres; R3A zoning
