Duplex With Finished
For Sale
$1,175,000
Pending
33 Fraser Street, Staten Island, NY 10314
Residential Income, Staten Island, NY
Property Size3,016 SF
Lot Size0.09 Acres
Days on Market27
Property Features for 33 Fraser Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3X
Bedrooms
5
Bathrooms
4
Full bathrooms
2
Rooms
Bedroom 5, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Bathroom 3, Bathroom 4, Bedroom 4
Parking features
Driveway, Garage, Open
Fencing
Fenced
Basement
Finished, Full
Lot features
Back Yard
Subdivision
New Springville
Standard status
Pending
Size
3,016 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
4046
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Amenities
built-in garage
central air conditioning
hardwood floors
casement windows
finished basement
patio
backyard
sliding glass doors
handicap-accessible
Building Details
Year built
1970
Floors in Building
2
Number of units
2
Building materials
Stone, Vinyl Siding
Architectural style
Ranch
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Maria T Albanesi-Cortese · License #30AL0899365
(718) 987-7900
Added: Jul 29
Changed: Aug 20
Last Checked: Aug 24 at 9:06AM
MLS# 2604282
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 3,016-square-foot duplex, built in 1970, combines a primary residence with a separate two-bedroom apartment. The main home includes a family room, four bathrooms, a renovated eat-in kitchen with island, three bedrooms, hardwood flooring, central air conditioning, and a finished basement with a recreation room, utility area, laundry space, and storage room. A built-in garage and fenced backyard with patio add further functionality. The side apartment has a private entrance and driveway, living room, eat-in kitchen, two bedrooms, full bathroom, and hardwood floors.
The property occupies 0.0929 acres at 33 Fraser Street in Staten Island, NY 10314, within Richmond County. R3X zoning is reported. Additional property features include natural-gas forced-air heating, public sewer service, driveway and open parking, stone and vinyl siding, and ranch-style construction.
The property occupies 0.0929 acres at 33 Fraser Street in Staten Island, NY 10314, within Richmond County. R3X zoning is reported. Additional property features include natural-gas forced-air heating, public sewer service, driveway and open parking, stone and vinyl siding, and ranch-style construction.
Key Highlights
- 3,016‑square‑foot duplex on a 0.0929‑acre lot
- Separate two‑bedroom apartment with private entrance and driveway
- Main residence includes three bedrooms, four bathrooms, and a renovated 2018 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
$82,261
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
7.00%
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%
$1,645,220
$1.6M
Cap Rate 7%
$1,175,157
$1.2M
Cap Rate 9%
$914,011
$914.0K
Market Conditions
NOI Build-Up for 3,016 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
$123.1K $40.80/SF
− Vacancy
−$5.5K −$1.84/SF
EGI
$117.5K $38.96/SF
− OpEx
−$35.3K −$11.69/SF
NOI
$82.3K $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%
$1,645,220
Cap Rate 7%
$1,175,157
Cap Rate 9%
$914,011
Alternative Uses
Best Use
Multifamily LT 5
$1.18M
$1.03M – $1.37M
NOI $82,261 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$1.09M
$953.5K – $1.27M
NOI $76,278 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,735 @ 7.0% cap · market cap 8.57%
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
1,060
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 - Separate apartment includes its own entrance, driveway, kitchen, bedrooms, and full bathroom.
Where is this duplex located?
The property is located at 33 Fraser Street Staten Island, NY.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: 3,016‑square‑foot duplex on a 0.0929‑acre lot; Separate two‑bedroom apartment with private entrance and driveway; Main residence includes three bedrooms, four bathrooms, and a renovated 2018 kitchen
