Duplex with Separate
For Sale
$994,999
Pending
39 Hemlock Street, Staten Island, NY 10309
Residential Income, Staten Island, NY
Property Size2,496 SF
Lot Size0.10 Acres
Days on Market23
Property Features for 39 Hemlock Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3-1
Bedrooms
4
Bathrooms
4
Full bathrooms
2
Rooms
Bathroom 3, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 3, Bathroom 4, Bedroom 1, Bedroom 4
Parking features
Driveway, Off Street, On Street
Patio and Porch features
Deck
Pool private
1
Interior features
Ceiling Fan(s)
Basement
Finished
Lot features
Back Yard
Subdivision
Rossville
Standard status
Pending
APN
070320068
Size
2,496 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
8555
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Amenities
above-ground pool
deck
laundry room
Building Details
Year built
1987
Floors in Building
2
Number of units
2
Building materials
Brick, Vinyl Siding
Architectural style
Ranch
Listing Agency:
Hometime Estates LLC
(718) 524-0400
Listed By:
Joseph Giaccio · License #10401269947
(917) 751-5921
Added: Aug 14
Changed: Aug 27
Last Checked: Sep 5 at 3:06AM
MLS# 2604469
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 2,496-square-foot duplex includes a three-bedroom main residence and a separate one-bedroom apartment with its own entrance and utilities. The main home has hardwood floors, granite counters, ceramic tile, stainless-steel appliances, multiple bathrooms, and a finished basement with laundry, kitchenette, and an additional bathroom. A newer Trex deck extends the living space outdoors, while the private yard includes pavers, an above-ground pool, and room for gardening or outdoor storage.
Recent improvements include a newer roof, central air-conditioning systems and hot water heaters for both residences, and upgraded 200-amp electrical service. The property also offers driveway, off-street, and on-street parking. Built in 1987, the brick and vinyl-sided home is served by public sewer and natural-gas forced-air heat. It is located near schools, shopping, restaurants, and public transportation in Staten Island, NY.
Recent improvements include a newer roof, central air-conditioning systems and hot water heaters for both residences, and upgraded 200-amp electrical service. The property also offers driveway, off-street, and on-street parking. Built in 1987, the brick and vinyl-sided home is served by public sewer and natural-gas forced-air heat. It is located near schools, shopping, restaurants, and public transportation in Staten Island, NY.
Key Highlights
- Two‑family duplex with a 3‑bedroom main residence and separate 1‑bedroom apartment
- 2,496 square feet on a 0.0987‑acre lot
- Separate apartment entrance and utilities support rental use or extended‑family accommodations
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
$62,071
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
6.24%
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%
$1,241,420
$1.2M
Cap Rate 7%
$886,729
$886.7K
Cap Rate 9%
$689,678
$689.7K
Market Conditions
NOI Build-Up for 2,496 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
$92.9K $37.20/SF
− Vacancy
−$4.2K −$1.67/SF
EGI
$88.7K $35.53/SF
− OpEx
−$26.6K −$10.66/SF
NOI
$62.1K $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%
$1,241,420
Cap Rate 7%
$886,729
Cap Rate 9%
$689,678
Alternative Uses
Best Use
Multifamily LT 5
$886.7K
$775.9K – $1.03M
NOI $62,071 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$790.7K
$691.9K – $922.5K
NOI $55,351 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,367 @ 7.0% cap · market cap 8.38%
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
475
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 - Brick two-family residence with updated systems, private outdoor space, and off-street parking.
Where is this duplex located?
The property is located at 39 Hemlock Street Staten Island, NY.
What is the asking price?
The asking price for this property is $994,999.
What are key features of this property?
This property features: Two‑family duplex with a 3‑bedroom main residence and separate 1‑bedroom apartment; 2,496 square feet on a 0.0987‑acre lot; Separate apartment entrance and utilities support rental use or extended‑family accommodations
