Spacious Two-Family Home in Shore
For Sale
Contact for pricing
10 Andrease Street, Staten Island, NY 10305
Well-maintained two-family home with rental income potential.
Property Size3,169 SF
Price / SF$315.24
Days on Market110
Property Features for 10 Andrease Street
General Information
Standard status
Active
Size
3,169 SF
Property subtype
Multifamily
Zoning
R4A
Building Details
Year Built
2004
Stories
2
Units
2
Listing Agency:
Homes R Us Realty of NY, Inc.
(347) 404-0844
Listed By:
Agata Zukowski · License #10401336374
Source:
Crexi
Added: May 14
Changed: Aug 14
Last Checked: Aug 29 at 12:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Homes R Us Realty of NY, Inc.
Investment Insights
Based on property information with market context.
This spacious and well-maintained two-family detached home is located in the desirable Shore Acres neighborhood. The main unit features 4 generously sized bedrooms, 2 full bathrooms, and 1 half bath, along with a kitchen, formal dining room, and oversized living room. Hardwood floors and large windows throughout the home provide plenty of natural light. A bright and inviting family room offers direct access to the private backyard. The second unit is a well-sized 1-bedroom, 1-bathroom apartment, perfect for extended family, guests, or additional rental income. The property offers generous closet space, a private backyard, and a huge patio ideal for outdoor entertaining. The property size is 3169 square feet. It is conveniently located close to parks, restaurants, shopping, and transportation, and just minutes from the Verrazano Bridge.
Key Highlights
- Two‑family detached home ideal for extended family, guests, or rental income.
- Main unit features 4 bedrooms, 2 full bathrooms, and 1 half bath.
- Convenient location near parks, restaurants, shopping, and transportation.
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
$83,203
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
8.33%
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%
$1,664,060
$1.7M
Cap Rate 7%
$1,188,614
$1.2M
Cap Rate 9%
$924,478
$924.5K
Market Conditions
NOI Build-Up for 3,169 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
$129.3K $40.80/SF
− Vacancy
−$10.4K −$3.29/SF
EGI
$118.9K $37.51/SF
− OpEx
−$35.7K −$11.25/SF
NOI
$83.2K $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%
$1,664,060
Cap Rate 7%
$1,188,614
Cap Rate 9%
$924,478
Alternative Uses
Best Use
Multifamily LT 5
$1.19M
$1.04M – $1.39M
NOI $83,203 @ 7.0% cap · market cap 8.33%
Second Best
Apartment 5plus
$1.09M
$956.9K – $1.28M
NOI $76,550 @ 7.0% cap · market cap 7.66%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,845 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
734
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 - Well-maintained two-family home with rental income potential.
Where is this duplex located?
The property is located at 10 Andrease Street Staten Island, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Two‑family detached home ideal for extended family, guests, or rental income.; Main unit features **4 bedrooms, 2 full bathrooms, and 1 half bath.**; Convenient location near parks, restaurants, shopping, and transportation.
