Duplex with Updated
For Sale
$599,000
89 Mapleton Ave Unit A, Staten Island, NY 10306
Semi-detached residential property with refreshed finishes, outdoor space, and covered parking for two vehicles.
Property Size1,400 SF
Lot Size0.05 Acres
Price / SF$427.86
Days on Market28
Property Features for 89 Mapleton Ave Unit A
General Information
Standard status
Active
Size
1,400 SF
Total Parking Spaces
2
Lot size
0.05 Acres
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
backyard
Building Details
Year Built
1991
Buildings
1
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Emily Hui Chen-Liang
Source:
Statenislandhomelistings
Added: Aug 1
Changed: Aug 28
Last Checked: Aug 28 at 3:54AM
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 Tiger Realty
Investment Insights
Based on property information with market context.
This duplex includes two bedrooms and one-and-a-half bathrooms, with new vinyl flooring installed throughout. The property also has a new boiler and an updated heating system. A spacious backyard provides outdoor space, while the carport accommodates up to two vehicles.
Built in 1991, the residence is near the South Beach Boardwalk and the Verrazzano-Narrows Bridge, with Brooklyn also within short distance. Its semi-detached configuration and combination of interior updates, backyard space, and covered parking support practical residential use.
Built in 1991, the residence is near the South Beach Boardwalk and the Verrazzano-Narrows Bridge, with Brooklyn also within short distance. Its semi-detached configuration and combination of interior updates, backyard space, and covered parking support practical residential use.
Key Highlights
- Two‑bedroom, one‑and‑a‑half‑bath duplex
- New vinyl flooring throughout
- New boiler and updated heating system
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
$35,562
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
5.94%
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%
$711,240
$711.2K
Cap Rate 7%
$508,029
$508.0K
Cap Rate 9%
$395,133
$395.1K
Market Conditions
NOI Build-Up for 1,400 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
$53.8K $38.40/SF
− Vacancy
−$3.0K −$2.11/SF
EGI
$50.8K $36.29/SF
− OpEx
−$15.2K −$10.89/SF
NOI
$35.6K $25.40/SF
Area
ZIP 10306
Vacancy
5.50%
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%
$711,240
Cap Rate 7%
$508,029
Cap Rate 9%
$395,133
Alternative Uses
Best Use
Multifamily LT 5
$508.0K
$444.5K – $592.7K
NOI $35,562 @ 7.0% cap · market cap 5.94%
Second Best
Apartment 5plus
$451.4K
$395.0K – $526.7K
NOI $31,601 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$668.0K
$584.5K – $779.3K
NOI $46,760 @ 7.0% cap · market cap 7.81%
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
463
Businesses Nearby
Explore this area
Business Placement
Demographics for 10306, NY
57,919
Population
21,299
Households
2.7
Avg Household Size
43
Median Age
34%
College-Educated
88%
High-School Grad
7.2 sq mi
ZIP Area
8,044
Density / Sq Mi
$97,746
Median Household Income
$54,052
Median Earnings
$1,743
Median Rent
$675,400
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 - Semi-detached residential property with refreshed finishes, outdoor space, and covered parking for two vehicles.
Where is this duplex located?
The property is located at 89 Mapleton Ave Unit A Staten Island, NY.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two‑bedroom, one‑and‑a‑half‑bath duplex; New vinyl flooring throughout; New boiler and updated heating system
