Two-Family Home with Solar
For Sale
$899,000
86 Virginia Avenue, Staten Island, NY 10305
A duplex layout, lower-level studio, garage, and private backyard support flexible residential use.
Property Size1,714 SF
Days on Market16
Property Features for 86 Virginia Avenue
General Information
Standard status
Active
Size
1,714 SF
Property subtype
Duplex
Units
Unit Mix
1 x 4BR/1.5BA, 1 x studio
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,050
Amenities
built-in garage
private backyard
solar panels
Building Details
Building Size
1,714 SF
Year Built
2004
Listing Agency:
Ashford Homes LLC
Listed By:
William Lin · License #10401344943
(929) 364-1301
Source:
Wonicarealtors
Added: Aug 19
Changed: Aug 28
Last Checked: Sep 2 at 2:20AM
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 Ashford Homes LLC
Investment Insights
Based on property information with market context.
Built in 2004, this legal two-family property offers a primary residence arranged across the first and second floors, along with a studio apartment on the lower level. The main unit includes four bedrooms and one and a half bathrooms, creating a substantial two-level layout for residential occupancy. A built-in garage and private backyard add functional outdoor and storage space.
The property is located at 86 Virginia Avenue in Staten Island’s Rosebank neighborhood, near shopping, restaurants, schools, parks, public transportation, and the Verrazzano-Narrows Bridge. Solar panels are fully paid off, with no solar lease or loan to assume. The property is being sold as is.
The property is located at 86 Virginia Avenue in Staten Island’s Rosebank neighborhood, near shopping, restaurants, schools, parks, public transportation, and the Verrazzano-Narrows Bridge. Solar panels are fully paid off, with no solar lease or loan to assume. The property is being sold as is.
Key Highlights
- Legal two‑family property at 86 Virginia Avenue, Staten Island, NY 10305
- Main duplex includes four bedrooms and one and a half bathrooms
- Lower level contains a studio apartment
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
$45,001
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
5.01%
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%
$900,020
$900.0K
Cap Rate 7%
$642,871
$642.9K
Cap Rate 9%
$500,011
$500.0K
Market Conditions
NOI Build-Up for 1,714 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
$69.9K $40.80/SF
− Vacancy
−$5.6K −$3.29/SF
EGI
$64.3K $37.51/SF
− OpEx
−$19.3K −$11.25/SF
NOI
$45.0K $26.26/SF
Area
ZIP 10305
Vacancy
8.07%
Lease Rate
$40.80 /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%
$900,020
Cap Rate 7%
$642,871
Cap Rate 9%
$500,011
Alternative Uses
Best Use
Multifamily LT 5
$642.9K
$562.5K – $750.0K
NOI $45,001 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$591.5K
$517.5K – $690.1K
NOI $41,403 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$817.8K
$715.6K – $954.1K
NOI $57,248 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
895
Businesses Nearby
Explore this area
Business Placement
Demographics for 10305, NY
44,008
Population
16,850
Households
2.6
Avg Household Size
41
Median Age
32%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
11,002
Density / Sq Mi
$86,294
Median Household Income
$52,183
Median Earnings
$1,656
Median Rent
$627,200
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 - A duplex layout, lower-level studio, garage, and private backyard support flexible residential use.
Where is this duplex located?
The property is located at 86 Virginia Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Legal two‑family property at 86 Virginia Avenue, Staten Island, NY 10305; Main duplex includes four bedrooms and one and a half bathrooms; Lower level contains a studio apartment
