Colonial Duplex With In-Ground
New
For Sale
$1,275,000
571 Rockaway Street, Staten Island, NY 10307
Residential, Colonial, Staten Island, NY
Property Size3,240 SF
Lot Size0.11 Acres
Price / SF$393.52
Days on Market4
Property Features for 571 Rockaway Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3A
Bedrooms
5
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 4, Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 1, Bathroom 2
Parking features
Garage, Offsite
Patio and Porch features
Deck
Interior features
Deck, Fireplace, Garage Door Opener(s)
Fireplace
1
Basement
Finished, Full
Subdivision
Tottenville
Standard status
Active
Size
3,240 SF
Lot size
0.11 Acres
Amenities
hardwood floors
custom exterior lighting
audio sound system
security system
pavers
zoned sprinkler system
heated in ground pool
anderson windows
3 zone heating
2 Zone A/C
wood burning fireplace
garage
Building Details
Year built
1999
Floors in Building
2
Number of units
1
Flooring type
Ceramic, Hardwood
Building materials
Brick
Roof type
Shingle
Architectural style
Colonial
Listing Agency:
DiTommaso Real Estate
(718) 667-8000
Listed By:
Robert Martino
(718) 667-8000
Added: Aug 27
Changed: Aug 28
Last Checked: Aug 30 at 7:06AM
MLS# 504108
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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.
Built in 1999, this 3,240-square-foot brick Colonial is configured as a two-family residence with a one-bedroom apartment. The property sits on a 0.1148-acre lot and includes hardwood and ceramic flooring, a wood-burning fireplace, Anderson windows, a spacious garage, deck, security system, audio system, exterior lighting, and a zoned sprinkler system.
Outdoor improvements include a heated in-ground pool measuring 14 X 28, with the liner changed 2 yrs ago, along with pavers and a backyard designed for outdoor use. Mechanical features include 3-zone heating and 2 Zone A/C. The property is zoned R3A and is located minutes from the beach, transportation, restaurants, and Historic Conference House.
Outdoor improvements include a heated in-ground pool measuring 14 X 28, with the liner changed 2 yrs ago, along with pavers and a backyard designed for outdoor use. Mechanical features include 3-zone heating and 2 Zone A/C. The property is zoned R3A and is located minutes from the beach, transportation, restaurants, and Historic Conference House.
Key Highlights
- Two‑family Colonial on a 0.1148‑acre lot
- 3,240‑square‑foot brick property built in 1999
- Heated in‑ground pool measuring 14 X 28; liner changed 2 yrs ago
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
$80,573
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
6.32%
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%
$1,611,460
$1.6M
Cap Rate 7%
$1,151,043
$1.2M
Cap Rate 9%
$895,256
$895.3K
Market Conditions
NOI Build-Up for 3,240 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
$120.5K $37.20/SF
− Vacancy
−$5.4K −$1.67/SF
EGI
$115.1K $35.53/SF
− OpEx
−$34.5K −$10.66/SF
NOI
$80.6K $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%
$1,611,460
Cap Rate 7%
$1,151,043
Cap Rate 9%
$895,256
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.01M – $1.34M
NOI $80,573 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$1.03M
$898.1K – $1.20M
NOI $71,850 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$1.55M
$1.35M – $1.80M
NOI $108,217 @ 7.0% cap · market cap 8.49%
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
406
Businesses Nearby
Explore this area
Business Placement
Demographics for 10307, NY
14,129
Population
5,390
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
90%
High-School Grad
1.6 sq mi
ZIP Area
8,831
Density / Sq Mi
$138,807
Median Household Income
$74,211
Median Earnings
$1,618
Median Rent
$799,100
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 property with a one-bedroom apartment, garage, pool, and multiple heating and cooling zones.
Where is this duplex located?
The property is located at 571 Rockaway Street Staten Island, NY.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Two‑family Colonial on a 0.1148‑acre lot; 3,240‑square‑foot brick property built in 1999; Heated in‑ground pool measuring 14 X 28; liner changed 2 yrs ago
