Detached Two-Family
New
For Sale
$1,235,999
38 Mulberry Circle, Staten Island, NY 10314
Residential Income, Staten Island, NY
Property Size2,870 SF
Lot Size0.12 Acres
Price / SF$430.66
Days on Market2
Property Features for 38 Mulberry Circle
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3-1
Bedrooms
5
Bathrooms
4
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 5, Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 1, Bathroom 4
Parking features
On Street, Garage, Driveway
Patio and Porch features
Patio
Pool private
1
Exterior features
Balcony
Fencing
Fenced
Basement
Full, Finished
Lot features
Front Yard, Back Yard
Subdivision
New Springville
Standard status
Active
APN
02111-0052
Size
2,870 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
9015
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Amenities
pool
Building Details
Year built
1975
Floors in Building
2
Number of units
2
Building materials
Stone, Vinyl Siding
Architectural style
Colonial, Ranch
Listing Agency:
Tom Crimmins Realty, Ltd.
(718) 370-3200
Listed By:
Jennifer Dattoli
(917) 337-4808
Added: Sep 30
Changed: Oct 1
Last Checked: Oct 1 at 4:06PM
MLS# 2605534
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 detached duplex contains 2,870 square feet across two residences. The primary unit occupies the first and second floors and includes three bedrooms, three bathrooms, an eat-in kitchen, living and dining rooms, and a family room. A finished basement adds interior space to this unit. The second residence has its own side entrance and comprises two bedrooms, a living room, a kitchen, and a full bathroom.
The 5,234-square-foot parcel includes a fenced yard, patio, and private in-ground pool. Parking features include a driveway and garage, with on-street parking also listed. The property is in New Springville and is zoned R3-1.
Built in 1975, the home has central air conditioning and natural-gas forced-air heat. Exterior materials include stone and vinyl siding; additional features include a balcony and ENERGY STAR appliances.
The 5,234-square-foot parcel includes a fenced yard, patio, and private in-ground pool. Parking features include a driveway and garage, with on-street parking also listed. The property is in New Springville and is zoned R3-1.
Built in 1975, the home has central air conditioning and natural-gas forced-air heat. Exterior materials include stone and vinyl siding; additional features include a balcony and ENERGY STAR appliances.
Key Highlights
- Detached two‑family property with 2,870 square feet of interior area
- Primary residence spans the first and second floors and has three bedrooms and three bathrooms
- Separate‑entry second unit has two bedrooms, a living room, kitchen, and full bath
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
$78,279
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
6.33%
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%
$1,565,580
$1.6M
Cap Rate 7%
$1,118,271
$1.1M
Cap Rate 9%
$869,767
$869.8K
Market Conditions
NOI Build-Up for 2,870 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
$117.1K $40.80/SF
− Vacancy
−$5.3K −$1.84/SF
EGI
$111.8K $38.96/SF
− OpEx
−$33.5K −$11.69/SF
NOI
$78.3K $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%
$1,565,580
Cap Rate 7%
$1,118,271
Cap Rate 9%
$869,767
Alternative Uses
Best Use
Multifamily LT 5
$1.12M
$978.5K – $1.30M
NOI $78,279 @ 7.0% cap · market cap 6.33%
Second Best
Apartment 5plus
$1.04M
$907.3K – $1.21M
NOI $72,586 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,859 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
781
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate side access serves a second residence with two bedrooms, a living room, kitchen, and full bath.
Where is this duplex located?
The property is located at 38 Mulberry Circle Staten Island, NY.
What is the asking price?
The asking price for this property is $1,235,999.
What are key features of this property?
This property features: Detached two‑family property with 2,870 square feet of interior area; Primary residence spans the first and second floors and has three bedrooms and three bathrooms; Separate‑entry second unit has two bedrooms, a living room, kitchen, and full bath
