Renovated Duplex
For Sale
$789,000
86 Russek Dr, Staten Island, NY 10312
Residential Income, Staten Island, NY
Property Size2,080 SF
Price / SF$379.33
Days on Market58
Property Features for 86 Russek Dr
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 1, Bedroom 3, Bathroom 4, Bathroom 3, Laundry Room, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 4
Parking features
Driveway
Patio and Porch features
Deck
Interior features
Walk-In Closet(s)
Subdivision
Rossville
Standard status
Active
Size
2,080 SF
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1980
Floors in Building
2
Building materials
Vinyl Siding
Roof type
Asphalt
Listing Agency:
TRADEMARK PROPERTIES NYC LLC
(908) 451-1421
Listed By:
Kathy Giovinazzo
Added: Jul 26
Changed: Sep 16
Last Checked: Sep 21 at 10:06PM
MLS# 11904518
Copyright © 2026 My State MLS. 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 two-family duplex property contains 2,080 square feet and was built in 1980. The interior has been completely renovated, with four bedrooms, four bathrooms, a laundry room, and a walk-in closet. Vinyl siding, an asphalt roof, and forced-air heating supplied by natural gas are among the existing improvements.
The property includes a driveway and deck, with public water service. Exterior work and some interior finishing remain, providing a clear scope for completing the property. Located at 86 Russek Dr in Staten Island, the home is identified in Richmond County, NY 10312.
The property includes a driveway and deck, with public water service. Exterior work and some interior finishing remain, providing a clear scope for completing the property. Located at 86 Russek Dr in Staten Island, the home is identified in Richmond County, NY 10312.
Key Highlights
- Two‑family duplex property with 2,080 square feet
- Four bedrooms and four bathrooms
- Interior completely renovated
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
$51,398
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
6.51%
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%
$1,027,960
$1.0M
Cap Rate 7%
$734,257
$734.3K
Cap Rate 9%
$571,089
$571.1K
Market Conditions
NOI Build-Up for 2,080 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
$79.9K $38.40/SF
− Vacancy
−$6.4K −$3.10/SF
EGI
$73.4K $35.30/SF
− OpEx
−$22.0K −$10.59/SF
NOI
$51.4K $24.71/SF
Area
ZIP 10312
Vacancy
8.07%
Lease Rate
$38.40 /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%
$1,027,960
Cap Rate 7%
$734,257
Cap Rate 9%
$571,089
Alternative Uses
Best Use
Multifamily LT 5
$734.3K
$642.5K – $856.6K
NOI $51,398 @ 7.0% cap · market cap 6.51%
Second Best
Apartment 5plus
$646.0K
$565.3K – $753.7K
NOI $45,220 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$992.5K
$868.4K – $1.16M
NOI $69,472 @ 7.0% cap · market cap 8.81%
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
446
Businesses Nearby
Explore this area
Business Placement
Demographics for 10312, NY
61,642
Population
22,547
Households
2.7
Avg Household Size
43
Median Age
41%
College-Educated
92%
High-School Grad
6.9 sq mi
ZIP Area
8,934
Density / Sq Mi
$111,434
Median Household Income
$62,700
Median Earnings
$1,911
Median Rent
$698,900
Median Home Value
Check the figures for this property
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 - Two-family property with four bedrooms, four bathrooms, a driveway, and a rear deck.
Where is this duplex located?
The property is located at 86 Russek Dr Staten Island, NY.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: Two‑family duplex property with 2,080 square feet; Four bedrooms and four bathrooms; Interior completely renovated
