Brick Duplex with Finished
For Sale
$1,120,000
780 Rathbun Ave, Staten Island, NY 10309
Two separate residences include a one-bedroom lower unit and a three-bedroom upper home.
Property Size2,660 SF
Price / SF$421.05
Days on Market12
Property Features for 780 Rathbun Ave
General Information
Standard status
Active
Size
2,660 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR, 1 x 3BR
Multifamily Units
2
Amenities
covered front porch
fireplace
eat-in kitchen
laundry area
attached garage
finished basement
fenced backyard
wood deck
Building Details
Year Built
1983
Buildings
1
Construction
brick
Listing Agency:
Amerihomes Realty of NY, Inc.
Listed By:
Lin Qiang · License #10401244667
(718) 866-7288
Source:
Statenislandhomelistings
Added: Sep 10
Changed: Sep 14
Last Checked: Sep 21 at 7:18AM
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 Amerihomes Realty of NY, Inc.
Investment Insights
Based on property information with market context.
Built in 1983, this brick duplex at 780 Rathbun Ave features two distinct residential spaces within a 2,660-square-foot property. The lower residence has one bedroom and a private side entry, while the upper home provides three bedrooms, a living room with fireplace, an eat-in kitchen, wood cabinetry, and a dedicated laundry area with washer and dryer. A finished basement adds usable interior space.
Exterior features include an attached one-car garage, extended private driveway, fenced backyard, covered front porch, and wood deck. The first-floor apartment is currently leased, providing an established rental component. Located in Woodrow, the property is near schools, shopping, dining, transportation, and daily services.
Exterior features include an attached one-car garage, extended private driveway, fenced backyard, covered front porch, and wood deck. The first-floor apartment is currently leased, providing an established rental component. Located in Woodrow, the property is near schools, shopping, dining, transportation, and daily services.
Key Highlights
- 2,660‑square‑foot duplex built in 1983
- Two separate residences: one‑bedroom lower unit and three‑bedroom upper home
- Finished basement with additional interior space
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
$66,149
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
5.91%
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%
$1,322,980
$1.3M
Cap Rate 7%
$944,986
$945.0K
Cap Rate 9%
$734,989
$735.0K
Market Conditions
NOI Build-Up for 2,660 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
$99.0K $37.20/SF
− Vacancy
−$4.5K −$1.67/SF
EGI
$94.5K $35.53/SF
− OpEx
−$28.3K −$10.66/SF
NOI
$66.1K $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%
$1,322,980
Cap Rate 7%
$944,986
Cap Rate 9%
$734,989
Alternative Uses
Best Use
Multifamily LT 5
$945.0K
$826.9K – $1.10M
NOI $66,149 @ 7.0% cap · market cap 5.91%
Second Best
Apartment 5plus
$842.7K
$737.4K – $983.1K
NOI $58,988 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,845 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
427
Businesses Nearby
Explore this area
Business Placement
Demographics for 10309, NY
33,523
Population
12,770
Households
2.6
Avg Household Size
41
Median Age
40%
College-Educated
92%
High-School Grad
7.3 sq mi
ZIP Area
4,592
Density / Sq Mi
$123,638
Median Household Income
$67,348
Median Earnings
$1,907
Median Rent
$745,500
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 - Two separate residences include a one-bedroom lower unit and a three-bedroom upper home.
Where is this duplex located?
The property is located at 780 Rathbun Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $1,120,000.
What are key features of this property?
This property features: 2,660‑square‑foot duplex built in 1983; Two separate residences: one‑bedroom lower unit and three‑bedroom upper home; Finished basement with additional interior space
