Two-Family Duplex with Finished
For Sale
$1,248,000
35 Cattaraugus Street, Staten Island, NY 10301
MULTI_FAMILY - Contemporary, Ranch - Staten Island, NY
Property Size3,307 SF
Lot Size0.13 Acres
Price / SF$377.38
Days on Market49
Property Features for 35 Cattaraugus Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R2
Bedrooms
5
Bathrooms
4
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 3, Bedroom 5, Bathroom 3, Bedroom 4, Bathroom 4, Bathroom 1, Bathroom 2, Bedroom 1
Parking features
Driveway, Carport
Patio and Porch features
Patio
Basement
Full, Finished
Lot features
Back Yard
Subdivision
Sunnyside
Standard status
Active
APN
00677-0016
Size
3,307 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
7607
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Amenities
covered veranda
solar panels
attached garage
Building Details
Year built
1965
Floors in Building
2
Number of units
1
Building materials
Brick, Vinyl Siding
Architectural style
Ranch, Contemporary
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
C.Michel Scibetta-Nicolo · License #10301221252
(718) 644-0063
Added: Jul 6
Changed: Aug 16
Last Checked: Aug 23 at 9:06AM
MLS# 2603777
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.
35 Cattaraugus Street is a fully detached two-family duplex that has been renovated and is offered fully vacant. The main residence includes four bedrooms, a bright living room, formal dining room, family room, an updated kitchen and bath, plus a full finished basement with separate access. The second unit is an oversized one-bedroom apartment positioned away from the main home, with potential to convert into a two-bedroom setup.
The property sits on a 0.1255-acre lot and totals 3,307 square feet. Construction materials include brick and vinyl siding, with hot water heating and natural gas, and public sewer service. Exterior and site improvements include two driveways, an attached garage, a patio and covered veranda, a spacious backyard, and solar panels.
Both units have separate utilities, supporting flexible living arrangements for an extended family, work-from-home needs, or rental use.
The property sits on a 0.1255-acre lot and totals 3,307 square feet. Construction materials include brick and vinyl siding, with hot water heating and natural gas, and public sewer service. Exterior and site improvements include two driveways, an attached garage, a patio and covered veranda, a spacious backyard, and solar panels.
Both units have separate utilities, supporting flexible living arrangements for an extended family, work-from-home needs, or rental use.
Key Highlights
- R2 zoning for a fully detached two‑family duplex
- 0.1255‑acre lot and 3,307 SF total size
- Renovated main residence with a full finished basement and separate access
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
$82,239
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
6.59%
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%
$1,644,780
$1.6M
Cap Rate 7%
$1,174,843
$1.2M
Cap Rate 9%
$913,767
$913.8K
Market Conditions
NOI Build-Up for 3,307 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
$123.0K $37.20/SF
− Vacancy
−$5.5K −$1.67/SF
EGI
$117.5K $35.53/SF
− OpEx
−$35.2K −$10.66/SF
NOI
$82.2K $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%
$1,644,780
Cap Rate 7%
$1,174,843
Cap Rate 9%
$913,767
Alternative Uses
Best Use
Multifamily LT 5
$1.17M
$1.03M – $1.37M
NOI $82,239 @ 7.0% cap · market cap 6.59%
Second Best
Apartment 5plus
$1.05M
$916.7K – $1.22M
NOI $73,336 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,455 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
688
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
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 - Renovated, fully detached two-family duplex in R2 zoning with separate-access finished basement and solar panels.
Where is this duplex located?
The property is located at 35 Cattaraugus Street Staten Island, NY.
What is the asking price?
The asking price for this property is $1,248,000.
What are key features of this property?
This property features: R2 zoning for a fully detached two‑family duplex; 0.1255‑acre lot and 3,307 SF total size; Renovated main residence with a full finished basement and separate access
