Detached Two-Family
For Sale
$1,059,000
94 Cedar Avenue, Staten Island, NY 10305
Residential, Colonial, Staten Island, NY
Property Size2,288 SF
Lot Size0.18 Acres
Price / SF$462.85
Days on Market10
Property Features for 94 Cedar Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3-1
Bedrooms
6
Bathrooms
3
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 5, Bedroom 6, Bathroom 1, Bathroom 3, Bedroom 1, Bathroom 2
Parking features
Carport
Interior features
A/C Unit - Window, Central Air - Split, Dishwasher, Refrigerator, Stove
Basement
Unfinished, Full
Subdivision
Arrochar
Standard status
Active
Size
2,288 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Annual Amount
7960
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Laminate, Hardwood, Carpet, Tile
Roof type
Asphalt
Architectural style
Colonial
Listing Agency:
RE/MAX Edge · RE/MAX International
Listed By:
Xiao (Emma) Zhu
(718) 612-3088
Added: Sep 22
Changed: Sep 27
Last Checked: Oct 1 at 5:06PM
MLS# 504778
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This detached two-family Colonial contains 2,288 square feet on a 0.179-acre lot and was built in 1920. The 6-over-6 layout provides two matching residences, each with three bedrooms, one full bathroom, a living room, dining room, and eat-in kitchen. Hardwood flooring is present throughout both units beneath carpeted areas, while separate heating systems and hot-water tanks serve each floor. The home has a brick-and-vinyl exterior and an asphalt roof.
A separate side entry serves the partially finished basement, which includes windows, a three-quarter bathroom, utility and storage areas, a tool room, additional cabinetry with a sink, and recreation space. Parking features include a two-car curb cut, detached carport, and room for up to six vehicles. The property is zoned R3-1 and is located minutes from the S53, with access to the S79, S93, and express buses to Manhattan.
A separate side entry serves the partially finished basement, which includes windows, a three-quarter bathroom, utility and storage areas, a tool room, additional cabinetry with a sink, and recreation space. Parking features include a two-car curb cut, detached carport, and room for up to six vehicles. The property is zoned R3-1 and is located minutes from the S53, with access to the S79, S93, and express buses to Manhattan.
Key Highlights
- Detached two‑family Colonial with a 6‑over‑6 layout
- 2,288 square feet on a 0.179‑acre lot
- Each unit includes 3 bedrooms, 1 full bathroom, living room, dining room, and eat‑in kitchen
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
$60,072
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
5.67%
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%
$1,201,440
$1.2M
Cap Rate 7%
$858,171
$858.2K
Cap Rate 9%
$667,467
$667.5K
Market Conditions
NOI Build-Up for 2,288 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
$93.4K $40.80/SF
− Vacancy
−$7.5K −$3.29/SF
EGI
$85.8K $37.51/SF
− OpEx
−$25.7K −$11.25/SF
NOI
$60.1K $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%
$1,201,440
Cap Rate 7%
$858,171
Cap Rate 9%
$667,467
Alternative Uses
Best Use
Multifamily LT 5
$858.2K
$750.9K – $1.00M
NOI $60,072 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$789.6K
$690.9K – $921.2K
NOI $55,269 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$1.09M
$955.3K – $1.27M
NOI $76,420 @ 7.0% cap · market cap 7.22%
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
637
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
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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 matching residences offer three bedrooms, hardwood floors, separate utilities, and access to a partially finished basement.
Where is this duplex located?
The property is located at 94 Cedar Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,059,000.
What are key features of this property?
This property features: Detached two‑family Colonial with a 6‑over‑6 layout; 2,288 square feet on a 0.179‑acre lot; Each unit includes 3 bedrooms, 1 full bathroom, living room, dining room, and eat‑in kitchen
