Two-Family Colonial
For Sale
$899,999
Pending
97 Wilson Street, Staten Island, NY 10304
Residential Income, Staten Island, NY
Property Size2,377 SF
Lot Size0.06 Acres
Days on Market146
Property Features for 97 Wilson Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3X
Bedrooms
4
Bathrooms
4
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 4, Bathroom 2, Bathroom 1, Bedroom 4
Parking features
Driveway
Patio and Porch features
Deck
Lot features
Back Yard
Subdivision
Dongan Hills-Above Hylan
Standard status
Pending
Size
2,377 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
7202
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Amenities
deck
yard
Building Details
Year built
1984
Floors in Building
3
Number of units
2
Building materials
Vinyl Siding
Architectural style
Colonial
Listing Agency:
Comfort Homes Realty Group Inc
Listed By:
Sucuri Tony Palevic
(718) 370-2390
Added: May 2
Changed: Sep 13
Last Checked: Sep 24 at 10:06PM
MLS# 2602409
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 1984 two-family Colonial duplex contains 2,377 square feet on a 0.0588-acre lot. The semi-detached residence features vinyl siding, hardwood floors, central air, forced-air natural gas heat, public sewer, and a driveway. The interior includes four bedrooms, living and dining areas, an eat-in kitchen, a utility room, and multiple bathroom areas. Sliding doors connect the kitchen to an outdoor deck and yard.
The property is near the Verrazano Bridge and transportation in Staten Island. Its R3X zoning, two-family configuration, and residential layout provide a defined framework for continued residential income use.
The property is near the Verrazano Bridge and transportation in Staten Island. Its R3X zoning, two-family configuration, and residential layout provide a defined framework for continued residential income use.
Key Highlights
- Two‑family duplex with 2,377 square feet
- Four‑bedroom layout with living, dining, kitchen, utility, and outdoor areas
- R3X zoning on a 0.0588‑acre lot
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
$58,738
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
6.53%
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%
$1,174,760
$1.2M
Cap Rate 7%
$839,114
$839.1K
Cap Rate 9%
$652,644
$652.6K
Market Conditions
NOI Build-Up for 2,377 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
$91.3K $38.40/SF
− Vacancy
−$7.4K −$3.10/SF
EGI
$83.9K $35.30/SF
− OpEx
−$25.2K −$10.59/SF
NOI
$58.7K $24.71/SF
Area
ZIP 10304
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%
$1,174,760
Cap Rate 7%
$839,114
Cap Rate 9%
$652,644
Alternative Uses
Best Use
Multifamily LT 5
$839.1K
$734.2K – $979.0K
NOI $58,738 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$769.0K
$672.9K – $897.2K
NOI $53,830 @ 7.0% cap · market cap 5.98%
Theoretical Best
Office A
$1.13M
$992.4K – $1.32M
NOI $79,392 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,395
Businesses Nearby
Explore this area
Business Placement
Demographics for 10304, NY
46,944
Population
17,524
Households
2.7
Avg Household Size
38
Median Age
31%
College-Educated
84%
High-School Grad
3.5 sq mi
ZIP Area
13,413
Density / Sq Mi
$71,506
Median Household Income
$41,752
Median Earnings
$1,516
Median Rent
$659,900
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Semi-detached residential income property with a deck, driveway, central air, and R3X zoning.
Where is this duplex located?
The property is located at 97 Wilson Street Staten Island, NY.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Two‑family duplex with 2,377 square feet; Four‑bedroom layout with living, dining, kitchen, utility, and outdoor areas; R3X zoning on a 0.0588‑acre lot
