Two-Family Duplex with Patio and
For Sale
$999,000
10 Andrease Street, Staten Island, NY 10305
MULTI_FAMILY - Colonial - Staten Island, NY
Property Size3,169 SF
Lot Size0.08 Acres
Price / SF$315.24
Days on Market104
Property Features for 10 Andrease Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R4A
Bedrooms
5
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 4, Bedroom 5, Bathroom 3, Bathroom 1, Bedroom 2, Bathroom 4, Bathroom 2, Bedroom 3, Bedroom 1
Parking features
Driveway
Security features
Security System
Patio and Porch features
Deck, Patio
Interior features
Walk-In Closet(s), Ceiling Fan(s)
Exterior features
Balcony
Basement
Full, Finished, Apartment
Lot features
Front Yard, Back Yard
Subdivision
Rosebank
Standard status
Active
APN
2831-0117
Size
3,169 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
9000
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating)
Cooling system
Central Air
Amenities
private backyard
patio
Building Details
Year built
2004
Floors in Building
2
Number of units
2
Building materials
Stucco, Vinyl Siding
Architectural style
Colonial
Listing Agency:
Homes R Us Realty of NY, Inc.
(718) 668-2550
Listed By:
Agata Zukowski · License #10401336374
(718) 668-2550
Added: May 13
Changed: Aug 16
Last Checked: Aug 24 at 7:06PM
MLS# 2602664
Copyright © 2026 Staten Island Board of Realtors. 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 two-family detached duplex, built in 2004, offers two separate living spaces under one roof. The main unit includes four bedrooms, two full bathrooms, and one half bathroom, along with a kitchen, formal dining room, and an oversized living room. Hardwood floors and large windows add warmth, and a bright family room provides direct access to the private backyard. The second unit is a 1-bedroom, 1-bathroom apartment, suited for extended family, guests, or additional rental use.
The home is set on a 0.0781-acre lot with a total property size of 3,169 SF. Exterior features include a balcony, patio, and deck, while parking is provided via a driveway. Heating is hot water with natural gas, and cooling is available through central air. The property connects to public sewer.
Zoned R4A, this duplex is described as well-maintained but needing a bit of work, offering the opportunity to update and personalize throughout.
The home is set on a 0.0781-acre lot with a total property size of 3,169 SF. Exterior features include a balcony, patio, and deck, while parking is provided via a driveway. Heating is hot water with natural gas, and cooling is available through central air. The property connects to public sewer.
Zoned R4A, this duplex is described as well-maintained but needing a bit of work, offering the opportunity to update and personalize throughout.
Key Highlights
- Two‑family detached duplex built in 2004
- Main unit: 4 bedrooms, 2 full baths, 1 half bath
- Second unit: 1 bedroom, 1 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
$83,203
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
8.33%
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%
$1,664,060
$1.7M
Cap Rate 7%
$1,188,614
$1.2M
Cap Rate 9%
$924,478
$924.5K
Market Conditions
NOI Build-Up for 3,169 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
$129.3K $40.80/SF
− Vacancy
−$10.4K −$3.29/SF
EGI
$118.9K $37.51/SF
− OpEx
−$35.7K −$11.25/SF
NOI
$83.2K $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%
$1,664,060
Cap Rate 7%
$1,188,614
Cap Rate 9%
$924,478
Alternative Uses
Best Use
Multifamily LT 5
$1.19M
$1.04M – $1.39M
NOI $83,203 @ 7.0% cap · market cap 8.33%
Second Best
Apartment 5plus
$1.09M
$956.9K – $1.28M
NOI $76,550 @ 7.0% cap · market cap 7.66%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,845 @ 7.0% cap · market cap 10.60%
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
734
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
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 - Duplex with two units, central air, and R4A zoning, featuring a patio and deck for outdoor living.
Where is this duplex located?
The property is located at 10 Andrease Street Staten Island, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Two‑family detached duplex built in 2004; Main unit: 4 bedrooms, 2 full baths, 1 half bath; Second unit: 1 bedroom, 1 bathroom
