Brick Duplex with Finished
For Sale
$689,000
27 Clove Way, Staten Island, NY 10301
Residential, Staten Island, NY
Property Size1,260 SF
Lot Size0.06 Acres
Price / SF$546.83
Days on Market50
Property Features for 27 Clove Way
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-2
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Rooms
Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Dining Room, Bathroom 2
Parking features
On Street, Carport
Patio and Porch features
Deck, Patio
Fencing
Fenced
Basement
Finished, Full
Appliances
Dishwasher, Dryer, Microwave, Refrigerator, Washer
Lot features
Back Yard, Side
Subdivision
Clove Lake
Standard status
Active
APN
323-d
Size
1,260 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
6321
HOA Fee
$80 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Building Details
Year built
1986
Floors in Building
3
Building materials
Brick, Vinyl Siding
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Maged Girgis · License #30GI0978737
(347) 524-9029
Added: Aug 3
Changed: Sep 13
Last Checked: Sep 21 at 9:06PM
MLS# 2604351
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 multi-level duplex includes three bedrooms, two full bathrooms, a family room, and a finished basement with an additional finished room, utilities, and laundry area. Interior features include hardwood floors, a newer kitchen with granite countertops and stainless steel appliances, generous closet storage, newer heating, and central air conditioning. The brick and vinyl-sided property was built in 1986 and includes a deck, patio, fenced backyard, and a carport with additional on-street parking.
Located in Staten Island near highway access and the Verrazano-Narrows Bridge, the property is served by public sewer and natural-gas forced-air heating. Appliances include a dishwasher, dryer, microwave, refrigerator, and washer.
Located in Staten Island near highway access and the Verrazano-Narrows Bridge, the property is served by public sewer and natural-gas forced-air heating. Appliances include a dishwasher, dryer, microwave, refrigerator, and washer.
Key Highlights
- Three‑bedroom, two‑bathroom multi‑level duplex
- Finished basement with family room, additional room, utilities, and laundry
- Newer kitchen with granite countertops and stainless steel appliances
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
$31,334
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
4.55%
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%
$626,680
$626.7K
Cap Rate 7%
$447,629
$447.6K
Cap Rate 9%
$348,156
$348.2K
Market Conditions
NOI Build-Up for 1,260 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
$46.9K $37.20/SF
− Vacancy
−$2.1K −$1.67/SF
EGI
$44.8K $35.53/SF
− OpEx
−$13.4K −$10.66/SF
NOI
$31.3K $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%
$626,680
Cap Rate 7%
$447,629
Cap Rate 9%
$348,156
Alternative Uses
Best Use
Multifamily LT 5
$447.6K
$391.7K – $522.2K
NOI $31,334 @ 7.0% cap · market cap 4.55%
Second Best
Apartment 5plus
$399.2K
$349.3K – $465.7K
NOI $27,942 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$601.2K
$526.1K – $701.4K
NOI $42,084 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
994
Businesses Nearby
Explore this area
Business Placement
Demographics for 10301, NY
41,474
Population
16,631
Households
2.5
Avg Household Size
40
Median Age
38%
College-Educated
88%
High-School Grad
3.8 sq mi
ZIP Area
10,914
Density / Sq Mi
$84,937
Median Household Income
$50,140
Median Earnings
$1,697
Median Rent
$657,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Multi-level duplex with updated kitchen, central air, fenced outdoor space, and private parking.
Where is this duplex located?
The property is located at 27 Clove Way Staten Island, NY.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: Three‑bedroom, two‑bathroom multi‑level duplex; Finished basement with family room, additional room, utilities, and laundry; Newer kitchen with granite countertops and stainless steel appliances
