Brick Duplex with Finished
For Sale
$826,888
Pending
98 Purcell Street, Staten Island, NY 10310
Residential, Staten Island, NY
Property Size1,438 SF
Lot Size0.05 Acres
Days on Market26
Property Features for 98 Purcell Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-1
Bedrooms
3
Bathrooms
3
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 1, Bathroom 3, Bathroom 2, Bedroom 3, Bathroom 1
Parking features
Underground/Basement, Driveway, Carport
Patio and Porch features
Deck
Interior features
Walk-In Closet(s), Ceiling Fan(s)
Fencing
Fenced
Basement
Finished, Full
Appliances
Dishwasher, Dryer, Microwave, Refrigerator, Washer
Lot features
Back Yard
Subdivision
Clove Lake
Standard status
Pending
APN
00311/0006
Size
1,438 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
5812
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Cooling system
Central Air
Amenities
hardwood flooring
granite countertops
backsplash
central air conditioning
finished basement
Pella windows
sliding door
radiant heated flooring
surround-sound speakers
rear deck
natural gas connection for BBQ
exterior lighting
walk-in closet
Jacuzzi tub
separate shower
Building Details
Year built
2005
Floors in Building
2
Building materials
Brick
Architectural style
Colonial
Listing Agency:
Robert DeFalco Realty, Inc.
Listed By:
Skender Alex Fici · License #10301209813
(718) 987-7900
Added: Aug 10
Changed: Sep 4
Last Checked: Sep 4 at 10:06PM
MLS# 2604497
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 brick duplex property presents a Colonial-style configuration with 1,438 square feet of interior space and a 0.0491-acre lot. The home includes living and dining areas, an eat-in kitchen with granite finishes, three bedrooms, two full bathrooms, and additional lower-level space with another bathroom. Hardwood flooring, high ceilings, a walk-in closet, Pella windows, and a sliding door add functional and finish details. Central air conditioning, natural-gas heating, select radiant-heated flooring, and a finished basement further support the layout. Exterior features include a rear deck with a natural gas BBQ connection, fencing, exterior lighting, and driveway, carport, and basement parking options.
The property is located in Staten Island, NY 10310, near shopping, schools, public transportation, and major roadways. It is served by public sewer and carries R3-1 zoning.
The property is located in Staten Island, NY 10310, near shopping, schools, public transportation, and major roadways. It is served by public sewer and carries R3-1 zoning.
Key Highlights
- 1,438 square feet on a 0.0491‑acre lot
- All‑brick construction with Colonial architectural style
- Finished basement with an additional 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
$35,760
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
4.32%
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%
$715,200
$715.2K
Cap Rate 7%
$510,857
$510.9K
Cap Rate 9%
$397,333
$397.3K
Market Conditions
NOI Build-Up for 1,438 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
$53.5K $37.20/SF
− Vacancy
−$2.4K −$1.67/SF
EGI
$51.1K $35.53/SF
− OpEx
−$15.3K −$10.66/SF
NOI
$35.8K $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%
$715,200
Cap Rate 7%
$510,857
Cap Rate 9%
$397,333
Alternative Uses
Best Use
Multifamily LT 5
$510.9K
$447.0K – $596.0K
NOI $35,760 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$455.6K
$398.6K – $531.5K
NOI $31,889 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$686.1K
$600.4K – $800.5K
NOI $48,030 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,857
Businesses Nearby
Explore this area
Business Placement
Demographics for 10310, NY
26,667
Population
9,909
Households
2.7
Avg Household Size
37
Median Age
31%
College-Educated
88%
High-School Grad
1.8 sq mi
ZIP Area
14,815
Density / Sq Mi
$106,118
Median Household Income
$57,861
Median Earnings
$1,638
Median Rent
$623,300
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 - Semi-attached brick property with Colonial styling, central air, a rear deck, and flexible lower-level space.
Where is this duplex located?
The property is located at 98 Purcell Street Staten Island, NY.
What is the asking price?
The asking price for this property is $826,888.
What are key features of this property?
This property features: 1,438 square feet on a 0.0491‑acre lot; All‑brick construction with Colonial architectural style; Finished basement with an additional bathroom
