Detached Duplex with Finished
For Sale
$1,899,549
37 Torrice Loop, Staten Island, NY 10309
Residential Income, Staten Island, NY
Property Size4,000 SF
Lot Size0.17 Acres
Price / SF$474.89
Days on Market59
Property Features for 37 Torrice Loop
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3-X
Bedrooms
5
Bathrooms
5
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 2, Bathroom 1, Bathroom 5, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 4, Bathroom 4, Bedroom 5
Parking features
Off Street, Driveway, Open
Security features
Security System
Patio and Porch features
Patio
Interior features
Walk-In Closet(s), Central Vacuum, Ceiling Fan(s)
Fencing
Fenced
Basement
Full, Finished, Apartment
Lot features
Front Yard, Back Yard
Subdivision
Richmond Valley
Standard status
Active
APN
07577-0040
Size
4,000 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
10242
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Cooling system
Central Air
Amenities
gas fireplace
hot tub
finished basement
outside TV
gas line BBQ
gas pizza oven
soffit camera system
6 zone heat
radiant heat
Baccarat lighting
Building Details
Year built
2022
Floors in Building
3
Number of units
2
Building materials
Brick, Stone
Architectural style
Colonial
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Ann Grande · License #40GR1025086
(718) 987-7900
Added: Jul 1
Changed: Aug 26
Last Checked: Aug 28 at 7:06AM
MLS# 2603720
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.
Located at 37 Torrice Loop in Staten Island, this 2022 detached duplex combines a four-bedroom primary residence with a one-bedroom basement apartment accessed through its own side entrance. The approximately 4,000-square-foot property includes a finished lower level with a family room and three-quarter bathroom, along with a Colonial design, brick and stone exterior, central air, natural-gas hot-water heating, and public sewer service.
The main residence features a formal living room, dining room, great room with gas fireplace, eat-in kitchen, laundry closet, half bathroom, and a second-floor primary suite with walk-in closet and private full bathroom. Interior improvements include a wet bar, Wolf oven and microwave, dual Fisher & Paykel dishwashers, marble backsplash, radiant-heated tile flooring, and six heating zones. Exterior amenities include a paved entertaining area, tiled garage, gas barbecue line, gas pizza oven, hot tub, patio, fencing, and a driveway accommodating six vehicles. The property is zoned R3-X and occupies a 0.1684-acre lot measuring 56 x 131 feet.
The main residence features a formal living room, dining room, great room with gas fireplace, eat-in kitchen, laundry closet, half bathroom, and a second-floor primary suite with walk-in closet and private full bathroom. Interior improvements include a wet bar, Wolf oven and microwave, dual Fisher & Paykel dishwashers, marble backsplash, radiant-heated tile flooring, and six heating zones. Exterior amenities include a paved entertaining area, tiled garage, gas barbecue line, gas pizza oven, hot tub, patio, fencing, and a driveway accommodating six vehicles. The property is zoned R3-X and occupies a 0.1684-acre lot measuring 56 x 131 feet.
Key Highlights
- Detached two‑family home with a four‑bedroom primary residence and a one‑bedroom basement apartment
- Separate side entrance serves the one‑bedroom apartment; finished basement also includes a family room and 3/4 bathroom
- Approximately 4,000 square feet on a 0.1684‑acre lot measuring 56 x 131 feet
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
$99,473
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
5.24%
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%
$1,989,460
$2.0M
Cap Rate 7%
$1,421,043
$1.4M
Cap Rate 9%
$1,105,256
$1.1M
Market Conditions
NOI Build-Up for 4,000 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
$99.5K $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%
$1,989,460
Cap Rate 7%
$1,421,043
Cap Rate 9%
$1,105,256
Alternative Uses
Best Use
Multifamily LT 5
$1.42M
$1.24M – $1.66M
NOI $99,473 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$1.27M
$1.11M – $1.48M
NOI $88,704 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,601 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
914
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family residence with a separate-entry one-bedroom apartment and private driveway.
Where is this duplex located?
The property is located at 37 Torrice Loop Staten Island, NY.
What is the asking price?
The asking price for this property is $1,899,549.
What are key features of this property?
This property features: Detached two‑family home with a four‑bedroom primary residence and a one‑bedroom basement apartment; Separate side entrance serves the one‑bedroom apartment; finished basement also includes a family room and 3/4 bathroom; Approximately 4,000 square feet on a 0.1684‑acre lot measuring 56 x 131 feet
