Two-Unit Duplex with
For Sale
$999,000
Pending
10 Andrease Street, Staten Island, NY 10305
A separate one-bedroom apartment complements the four-bedroom primary residence, with R4A zoning.
Property Size3,169 SF
Days on Market9
Property Features for 10 Andrease Street
General Information
Standard status
Pending
Size
3,169 SF
Property subtype
Residential Income
Zoning
R4A
Units
Unit Mix
1 x 4BR/2.5BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,000
Amenities
private backyard
patio
1
true
4
5
Walk-In Closet(s),Ceiling Fan(s)
Front Yard,Back Yard
3400
34x100
0.08
Driveway,Concrete
Balcony
3169
Building Details
Building Size
3,169 SF
Year Built
2004
Buildings
1
Stories
2
Listing Agency:
Homes R Us Realty of NY, Inc.
Listed By:
Agata Zukowski · License #10401336374
(718) 668-2550
Source:
Matiasrealestatenyc
Added: Oct 29
Changed: Nov 3
Last Checked: Nov 5 at 8:59AM
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.
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Investment Insights
Based on property information with market context.
This detached duplex contains two residences. The primary unit has four bedrooms, two full bathrooms, a half bath, a kitchen, formal dining room, and a large living room. Hardwood floors and large windows are noted throughout, with a family room opening to the backyard. The second residence is a one-bedroom, one-bathroom apartment. The property was built in 2004 and has 3,169 square feet of building area.
A private backyard and patio provide outdoor space, while a driveway offers on-site parking. R4A zoning applies. The property is at 10 Andrease Street in Staten Island, New York, near parks, restaurants, shopping, transportation, and the Verrazano Bridge.
A private backyard and patio provide outdoor space, while a driveway offers on-site parking. R4A zoning applies. The property is at 10 Andrease Street in Staten Island, New York, near parks, restaurants, shopping, transportation, and the Verrazano Bridge.
Key Highlights
- Two residences: primary unit with 4 bedrooms and a second unit with 1 bedroom
- Main unit includes 2 full bathrooms and 1 half bath; apartment has 1 bathroom
- 3,169 square feet of building area; built in 2004
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,203
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
734
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A separate one-bedroom apartment complements the four-bedroom primary residence, with R4A zoning.
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 residences: primary unit with 4 bedrooms and a second unit with 1 bedroom; Main unit includes 2 full bathrooms and 1 half bath; apartment has 1 bathroom; 3,169 square feet of building area; built in 2004
