Duplex Colonial with Detached
For Sale
Contact for pricing
Pending
97 Mersereau Avenue, Staten Island, NY 10303
Two residences provide five bedrooms, separate kitchens, full bathrooms, and distinct living and dining areas.
Property Size1,718 SF
Days on Market19
Property Features for 97 Mersereau Avenue
General Information
Standard status
Pending
Size
1,718 SF
Property subtype
Multifamily
Zoning
R3X
Building Details
Year Built
1899
Stories
2
Units
2
Listing Agency:
VYLLA HOME
(503) 740-9200
Listed By:
Michael Morris · License #1644002
Source:
Crexi
Added: Aug 7
Changed: Aug 17
Last Checked: Aug 16 at 7:53AM
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 VYLLA HOME
Investment Insights
Based on property information with market context.
Built in 1899, this two-family Colonial is arranged as a duplex with separate residences. The first-floor unit includes a living room, dining room, kitchen, three bedrooms, and one full bathroom. Upstairs, the second residence offers a living room, dining room, kitchen, two bedrooms, and one full bathroom. The property also includes a detached one-car garage for parking and storage.
Outdoor improvements include a level, fully cleared lot with rock gardens, concrete patios, and walkways. The property is zoned R3X and located at 97 Mersereau Avenue in Staten Island. Shopping, restaurants, grocery stores, parks, schools, the Staten Island waterfront, local and express bus service, the Staten Island Expressway, and the Goethals Bridge are identified in the surrounding area.
Outdoor improvements include a level, fully cleared lot with rock gardens, concrete patios, and walkways. The property is zoned R3X and located at 97 Mersereau Avenue in Staten Island. Shopping, restaurants, grocery stores, parks, schools, the Staten Island waterfront, local and express bus service, the Staten Island Expressway, and the Goethals Bridge are identified in the surrounding area.
Key Highlights
- Two‑family duplex with separate first‑floor and upper‑level residences
- First‑floor layout includes three bedrooms, kitchen, dining room, and full bathroom
- Upper unit includes two bedrooms, kitchen, dining room, and full bathroom
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
$42,724
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
8.46%
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%
$854,480
$854.5K
Cap Rate 7%
$610,343
$610.3K
Cap Rate 9%
$474,711
$474.7K
Market Conditions
NOI Build-Up for 1,718 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
$63.9K $37.20/SF
− Vacancy
−$2.9K −$1.67/SF
EGI
$61.0K $35.53/SF
− OpEx
−$18.3K −$10.66/SF
NOI
$42.7K $24.87/SF
Area
Staten Island, NY
Vacancy
4.50%
Lease Rate
$37.20 /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%
$854,480
Cap Rate 7%
$610,343
Cap Rate 9%
$474,711
Alternative Uses
Best Use
Multifamily LT 5
$610.3K
$534.1K – $712.1K
NOI $42,724 @ 7.0% cap · market cap 8.46%
Second Best
Apartment 5plus
$544.3K
$476.2K – $635.0K
NOI $38,098 @ 7.0% cap · market cap 7.54%
Theoretical Best
Office A
$819.7K
$717.3K – $956.4K
NOI $57,382 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
539
Businesses Nearby
Explore this area
Business Placement
Demographics for 10303, NY
28,155
Population
9,580
Households
2.9
Avg Household Size
34
Median Age
30%
College-Educated
83%
High-School Grad
3.2 sq mi
ZIP Area
8,798
Density / Sq Mi
$79,429
Median Household Income
$49,072
Median Earnings
$1,520
Median Rent
$457,600
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 - Two residences provide five bedrooms, separate kitchens, full bathrooms, and distinct living and dining areas.
Where is this duplex located?
The property is located at 97 Mersereau Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $505,000.
What are key features of this property?
This property features: Two‑family duplex with separate first‑floor and upper‑level residences; First‑floor layout includes three bedrooms, kitchen, dining room, and full bathroom; Upper unit includes two bedrooms, kitchen, dining room, and full bathroom
