Duplex Home with Built-In
For Sale
$998,888
Pending
89 Columbus Ave, Staten Island, NY 10304
Two-family home features a large yard with built-in-ground pool, two-car carport, and separate apartment layout over multiple levels.
Property Size2,011 SF
Days on Market102
Property Features for 89 Columbus Ave
General Information
Standard status
Pending
Size
2,011 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
in-ground pool
oversized shed
washer/dryer
Building Details
Year Built
2003
Stories
2
Tenancy
Multi
Listing Agency:
Robert DeFalco Realty, Inc.
Listed By:
Marianne L Russo
(718) 987-7900
Source:
Statenislandhomelistings
Added: Jun 13
Changed: Sep 6
Last Checked: Sep 21 at 7:27AM
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 Robert DeFalco Realty, Inc.
Investment Insights
Based on property information with market context.
This two-family duplex home offers a practical, tenant-friendly configuration with well-defined interior separation and multiple storage and service features. The basement level includes a washer/dryer and a food pantry. The apartment on the back includes tile flooring throughout, a living/kitchen combined area, a private bedroom, and a full bath, with entrance to the apartment in the back and an emergency exit through the main house side door. The first floor includes wooden floors with an eat-in kitchen, a half bath, and a living room/dining combined area. The second floor has three bedrooms and one full bath, with the master bedroom also including a three-quarter bath. There is also a pull-down attic access in the hallway and an oversized shed for extra storage convenience.
Outside, the property includes a two-car carport and a large yard with a built-in-ground pool. The listing also notes a kitchen with canopy over bar and a side canopy over the back entrance.
Convenience is supported by nearby stores, restaurants, hospitals, and schools within a short distance, along with access to city and express buses and two subway stations. The Verrazano Bridge and the Boardwalk and Beach are described as nearby.
Outside, the property includes a two-car carport and a large yard with a built-in-ground pool. The listing also notes a kitchen with canopy over bar and a side canopy over the back entrance.
Convenience is supported by nearby stores, restaurants, hospitals, and schools within a short distance, along with access to city and express buses and two subway stations. The Verrazano Bridge and the Boardwalk and Beach are described as nearby.
Key Highlights
- Two‑family home built in 2003 on a tree‑lined street with a two‑car carport
- Large yard with a built‑in ground pool
- Apartment includes private bedroom, full bath, and tile flooring; living/kitchen combined
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
$49,693
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
4.97%
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%
$993,860
$993.9K
Cap Rate 7%
$709,900
$709.9K
Cap Rate 9%
$552,144
$552.1K
Market Conditions
NOI Build-Up for 2,011 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
$77.2K $38.40/SF
− Vacancy
−$6.2K −$3.10/SF
EGI
$71.0K $35.30/SF
− OpEx
−$21.3K −$10.59/SF
NOI
$49.7K $24.71/SF
Area
ZIP 10304
Vacancy
8.07%
Lease Rate
$38.40 /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%
$993,860
Cap Rate 7%
$709,900
Cap Rate 9%
$552,144
Alternative Uses
Best Use
Multifamily LT 5
$709.9K
$621.2K – $828.2K
NOI $49,693 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$650.6K
$569.3K – $759.0K
NOI $45,542 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$959.5K
$839.6K – $1.12M
NOI $67,168 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,265
Businesses Nearby
Explore this area
Business Placement
Demographics for 10304, NY
46,944
Population
17,524
Households
2.7
Avg Household Size
38
Median Age
31%
College-Educated
84%
High-School Grad
3.5 sq mi
ZIP Area
13,413
Density / Sq Mi
$71,506
Median Household Income
$41,752
Median Earnings
$1,516
Median Rent
$659,900
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-family home features a large yard with built-in-ground pool, two-car carport, and separate apartment layout over multiple levels.
Where is this duplex located?
The property is located at 89 Columbus Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $998,888.
What are key features of this property?
This property features: Two‑family home built in 2003 on a tree‑lined street with a two‑car carport; Large yard with a built‑in ground pool; Apartment includes private bedroom, full bath, and tile flooring; living/kitchen combined
