Two-Family Home with Deck and Backyard
For Sale
$650,000
Pending
90 Comstock Ave, Staten Island, NY 10314
Two-family home delivered vacant with a first-floor 1-bedroom walk-in unit and a second-floor 3-bedroom unit with deck.
Property Size1,736 SF
Days on Market78
Property Features for 90 Comstock Ave
General Information
Standard status
Pending
Size
1,736 SF
Property subtype
Multi-Family
Building Details
Year Built
1970
Stories
2
Tenancy
Multi
Listing Agency:
Robert DeFalco Realty, Inc.
Listed By:
Catherine Crumbley
(718) 987-7900
Source:
Statenislandhomelistings
Added: Jul 6
Changed: Sep 9
Last Checked: Sep 21 at 7:08AM
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 home offers two separate living spaces with flexible options for an end user or an investor. The first-floor walk-in apartment includes one bedroom, a living room, a full bath, and a dining area. The second-floor apartment provides three bedrooms, a deck, and a full bath, along with access to the spacious backyard.
The property will be delivered vacant, giving the new owner the ability to move in and/or generate rental income from either unit. There is no basement.
Built in 1970, the home features an outdoor-focused layout that supports everyday living as well as outdoor entertaining.
The property will be delivered vacant, giving the new owner the ability to move in and/or generate rental income from either unit. There is no basement.
Built in 1970, the home features an outdoor-focused layout that supports everyday living as well as outdoor entertaining.
Key Highlights
- Two‑family home delivered vacant
- First‑floor walk‑in apartment: 1 bedroom, living room, full bath, dining area
- Second‑floor apartment: 3 bedrooms, deck, full bath
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
$47,349
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
7.28%
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%
$946,980
$947.0K
Cap Rate 7%
$676,414
$676.4K
Cap Rate 9%
$526,100
$526.1K
Market Conditions
NOI Build-Up for 1,736 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
$70.8K $40.80/SF
− Vacancy
−$3.2K −$1.84/SF
EGI
$67.6K $38.96/SF
− OpEx
−$20.3K −$11.69/SF
NOI
$47.3K $27.27/SF
Area
ZIP 10314
Vacancy
4.50%
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%
$946,980
Cap Rate 7%
$676,414
Cap Rate 9%
$526,100
Alternative Uses
Best Use
Multifamily LT 5
$676.4K
$591.9K – $789.2K
NOI $47,349 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$627.2K
$548.8K – $731.8K
NOI $43,906 @ 7.0% cap · market cap 6.75%
Theoretical Best
Office A
$828.3K
$724.8K – $966.4K
NOI $57,983 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
967
Businesses Nearby
Explore this area
Business Placement
Demographics for 10314, NY
92,157
Population
33,554
Households
2.7
Avg Household Size
41
Median Age
37%
College-Educated
89%
High-School Grad
13.0 sq mi
ZIP Area
7,089
Density / Sq Mi
$104,655
Median Household Income
$58,769
Median Earnings
$1,726
Median Rent
$665,500
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-family home delivered vacant with a first-floor 1-bedroom walk-in unit and a second-floor 3-bedroom unit with deck.
Where is this duplex located?
The property is located at 90 Comstock Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two‑family home delivered vacant; First‑floor walk‑in apartment: 1 bedroom, living room, full bath, dining area; Second‑floor apartment: 3 bedrooms, deck, full bath
