Two-Family Duplex with
For Sale
$1,180,000
128 Queen Street, Staten Island, NY 10314
Residential, Staten Island, NY
Property Size2,224 SF
Lot Size0.11 Acres
Price / SF$530.58
Days on Market45
Property Features for 128 Queen Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3X
Bedrooms
5
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 5, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 3
Parking features
Garage
Interior features
Stove
Subdivision
Manor Heights
Standard status
Active
Size
2,224 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
9663
Building Details
Year built
1970
Floors in Building
1
Number of units
2
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Flat
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Hang (Tyler) Chen · License #HC3855
(917) 708-9966
Added: Jul 14
Changed: Aug 26
Last Checked: Aug 27 at 10:06PM
MLS# 503011
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 two-family duplex contains 2,224 square feet within a brick building constructed in 1970. The first level includes 2 bedrooms, 1 full bathroom, an eat-in kitchen, living room, and attached built-in garage. Upstairs, the second residence provides 3 bedrooms, 1.5 bathrooms, a combined living and dining area, and its own kitchen. Hardwood and tile flooring, a flat roof, and a stove are among the reported property features.
The corner parcel measures 49' x 95', with a 25' x 46' building footprint and 0.1069 acres of land. A private backyard extends the usable outdoor area. The property is near I-278 and close to parks, schools, shopping, and restaurants. R3X zoning applies.
The corner parcel measures 49' x 95', with a 25' x 46' building footprint and 0.1069 acres of land. A private backyard extends the usable outdoor area. The property is near I-278 and close to parks, schools, shopping, and restaurants. R3X zoning applies.
Key Highlights
- Two‑family duplex with 2,224 square feet
- First level includes 2 bedrooms, 1 full bathroom, eat‑in kitchen, living room, and built‑in garage
- Second level offers 3 bedrooms, 1.5 bathrooms, living and dining areas, and a separate 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
$60,659
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
5.14%
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%
$1,213,180
$1.2M
Cap Rate 7%
$866,557
$866.6K
Cap Rate 9%
$673,989
$674.0K
Market Conditions
NOI Build-Up for 2,224 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
$90.7K $40.80/SF
− Vacancy
−$4.1K −$1.84/SF
EGI
$86.7K $38.96/SF
− OpEx
−$26.0K −$11.69/SF
NOI
$60.7K $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%
$1,213,180
Cap Rate 7%
$866,557
Cap Rate 9%
$673,989
Alternative Uses
Best Use
Multifamily LT 5
$866.6K
$758.2K – $1.01M
NOI $60,659 @ 7.0% cap · market cap 5.14%
Second Best
Apartment 5plus
$803.5K
$703.1K – $937.5K
NOI $56,248 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$1.06M
$928.5K – $1.24M
NOI $74,282 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
716
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
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-level brick residence with separate kitchens, private outdoor space, and a layout suited to extended-family living or rental use.
Where is this duplex located?
The property is located at 128 Queen Street Staten Island, NY.
What is the asking price?
The asking price for this property is $1,180,000.
What are key features of this property?
This property features: Two‑family duplex with 2,224 square feet; First level includes 2 bedrooms, 1 full bathroom, eat‑in kitchen, living room, and built‑in garage; Second level offers 3 bedrooms, 1.5 bathrooms, living and dining areas, and a separate kitchen
