Newer Two-Family
New
For Sale
$1,410,000
64 Butler Place, Staten Island, NY 10305
MULTI_FAMILY - Staten Island, NY
Property Size2,580 SF
Lot Size0.13 Acres
Price / SF$546.51
Days on Market6
Property Features for 64 Butler Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3A
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 2, Bedroom 5, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 6
Parking features
Garage - Detached
Interior features
Refrigerator, Stove
Basement
Full, Finished
Subdivision
New Brighton
Standard status
Active
Size
2,580 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
12512
Building Details
Year built
2023
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Flat
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Jin Yun (Jane) Wang
(917) 708-9966
Added: Aug 6
Changed: Aug 10
Last Checked: Aug 11 at 10:06PM
MLS# 503596
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.
Completed in 2023, this legal two-family residence provides approximately 2,580 square feet across two units, with each unit offering 3 bedrooms and 2 full bathrooms. The property includes a basement with an approximately 8-foot ceiling, separate entry, and full bathroom, creating additional space for recreation, storage, or a home office. Brick construction, tile and hardwood flooring, a flat roof, and included refrigerator and stove provide a practical modern configuration.
The home occupies an approximately 5,801-square-foot corner lot measuring 46.5' by 124.75'. Parking includes a detached garage, private driveway, and two additional front spaces. The property is located near the Verrazzano-Narrows Bridge, Staten Island Railway, local bus lines, schools, parks, shopping, restaurants, and everyday amenities. R3A zoning is identified for the property.
The home occupies an approximately 5,801-square-foot corner lot measuring 46.5' by 124.75'. Parking includes a detached garage, private driveway, and two additional front spaces. The property is located near the Verrazzano-Narrows Bridge, Staten Island Railway, local bus lines, schools, parks, shopping, restaurants, and everyday amenities. R3A zoning is identified for the property.
Key Highlights
- 2023‑built legal two‑family residence with approximately 2,580 square feet
- Each unit includes 3 bedrooms and 2 full bathrooms
- Approximately 8‑foot‑high basement with separate entrance and full bathroom
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
$67,738
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
4.80%
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%
$1,354,760
$1.4M
Cap Rate 7%
$967,686
$967.7K
Cap Rate 9%
$752,644
$752.6K
Market Conditions
NOI Build-Up for 2,580 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
$105.3K $40.80/SF
− Vacancy
−$8.5K −$3.29/SF
EGI
$96.8K $37.51/SF
− OpEx
−$29.0K −$11.25/SF
NOI
$67.7K $26.26/SF
Area
ZIP 10305
Vacancy
8.07%
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%
$1,354,760
Cap Rate 7%
$967,686
Cap Rate 9%
$752,644
Alternative Uses
Best Use
Multifamily LT 5
$967.7K
$846.7K – $1.13M
NOI $67,738 @ 7.0% cap · market cap 4.80%
Second Best
Apartment 5plus
$890.3K
$779.0K – $1.04M
NOI $62,322 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,173 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
956
Businesses Nearby
Explore this area
Business Placement
Demographics for 10305, NY
44,008
Population
16,850
Households
2.6
Avg Household Size
41
Median Age
32%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
11,002
Density / Sq Mi
$86,294
Median Household Income
$52,183
Median Earnings
$1,656
Median Rent
$627,200
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 - Separate living areas, basement space, and multiple parking options support flexible occupancy.
Where is this duplex located?
The property is located at 64 Butler Place Staten Island, NY.
What is the asking price?
The asking price for this property is $1,410,000.
What are key features of this property?
This property features: 2023‑built legal two‑family residence with approximately 2,580 square feet; Each unit includes 3 bedrooms and 2 full bathrooms; Approximately 8‑foot‑high basement with separate entrance and full bathroom
