Detached Two-Family
For Sale
$1,090,000
179 Gervil Street, Staten Island, NY 10309
MULTI_FAMILY - Staten Island, NY
Property Size3,999 SF
Lot Size0.06 Acres
Price / SF$272.57
Days on Market80
Property Features for 179 Gervil Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3-1
Bedrooms
4
Bathrooms
4
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 4, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 3
Parking features
Carport, Garage
Interior features
Central Air, Fireplace
Fireplace
1
Basement
Finished
Subdivision
Rossville
Standard status
Active
Size
3,999 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
8444
Amenities
fireplace
garage
finished basement
paver backyard
Building Details
Year built
1987
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Tile
Building materials
Wood Frame
Architectural style
Ranch
Listing Agency:
Compass Realty Central Inc.
(718) 232-6400
Listed By:
Joseph Fuda
(718) 232-6400
Added: May 27
Changed: Aug 10
Last Checked: Aug 14 at 2:06PM
MLS# 501771
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.
Detached two-family hi-ranch residence with a total of 4 baths. The home includes central air and a fireplace, along with hardwood and tile flooring. Construction is wood frame. Architectural style is ranch, and the property was built in 1987.
The layout includes multiple bedrooms and bathrooms across the two-family configuration, plus a finished basement. Parking features include a garage and carport. Exterior improvements include paver work in the backyard.
Zoning is R3-1. The property sits on a 0.0573-acre lot.
The layout includes multiple bedrooms and bathrooms across the two-family configuration, plus a finished basement. Parking features include a garage and carport. Exterior improvements include paver work in the backyard.
Zoning is R3-1. The property sits on a 0.0573-acre lot.
Key Highlights
- Detached two‑family hi‑ranch configuration
- Central air and fireplace
- Built in 1987, wood frame ranch‑style construction
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
$99,448
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
9.12%
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%
$1,988,960
$2.0M
Cap Rate 7%
$1,420,686
$1.4M
Cap Rate 9%
$1,104,978
$1.1M
Market Conditions
NOI Build-Up for 3,999 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
$148.8K $37.20/SF
− Vacancy
−$6.7K −$1.67/SF
EGI
$142.1K $35.53/SF
− OpEx
−$42.6K −$10.66/SF
NOI
$99.4K $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%
$1,988,960
Cap Rate 7%
$1,420,686
Cap Rate 9%
$1,104,978
Alternative Uses
Best Use
Multifamily LT 5
$1.42M
$1.24M – $1.66M
NOI $99,448 @ 7.0% cap · market cap 9.12%
Second Best
Apartment 5plus
$1.27M
$1.11M – $1.48M
NOI $88,682 @ 7.0% cap · market cap 8.14%
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,567 @ 7.0% cap · market cap 12.25%
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
475
Businesses Nearby
Explore this area
Business Placement
Demographics for 10309, NY
33,523
Population
12,770
Households
2.6
Avg Household Size
41
Median Age
40%
College-Educated
92%
High-School Grad
7.3 sq mi
ZIP Area
4,592
Density / Sq Mi
$123,638
Median Household Income
$67,348
Median Earnings
$1,907
Median Rent
$745,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Detached two-family hi-ranch with central air, fireplace, and a garage/carport on a small Staten Island lot.
Where is this duplex located?
The property is located at 179 Gervil Street Staten Island, NY.
What is the asking price?
The asking price for this property is $1,090,000.
What are key features of this property?
This property features: Detached two‑family hi‑ranch configuration; Central air and fireplace; Built in 1987, wood frame ranch‑style construction
