Spacious 6-Bedroom Staten Island
For Sale
$1,250,000
10 Errington Pl, Staten Island, NY 10304
Two-family home with income potential on a generous lot.
Property Size2,924 SF
Lot Size0.10 Acres
Days on Market120
Property Features for 10 Errington Pl
General Information
Standard status
Active
Size
2,924 SF
Lot size
0.10 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$3,103
Building Details
Building Size
2,924 SF
Year Built
1905
Stories
2
Listing Agency:
Robert Defalco Realty
(718) 748-7000
Listed By:
Derek Risbrook
(718) 748-7000
Source:
Elliman
Added: Apr 27
Changed: Aug 23
Last Checked: Aug 24 at 5:40AM
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 Robert Defalco Realty
Investment Insights
Based on property information with market context.
This two-family home is situated on a 45 x 100 lot, presenting opportunities for both homeowners and investors. The property includes a total of 6 bedrooms, with 3 bedrooms in each unit, suitable for extended or multi-generational living. Each residence features a layout with separate living rooms, kitchens, and bedroom configurations. In total, the home offers three kitchens, two full bathrooms, and one three-quarter bathroom. The property also has a finished attic and a finished basement, providing bonus spaces that can be used for recreation or home offices. Outdoor features include a backyard, a two-car driveway pad, and a one-car indoor garage. The location has a transit score of 68, indicating good transit options, and a bike score of 59, indicating it is bikeable.
Key Highlights
- Two‑family home ideal for homeowners or investors with income potential.
- Six bedrooms (3 in each unit) suitable for extended or multi‑generational living.
- Each unit features separate living rooms and well‑appointed kitchens.
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
$72,254
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
5.78%
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%
$1,445,080
$1.4M
Cap Rate 7%
$1,032,200
$1.0M
Cap Rate 9%
$802,822
$802.8K
Market Conditions
NOI Build-Up for 2,924 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
$112.3K $38.40/SF
− Vacancy
−$9.1K −$3.10/SF
EGI
$103.2K $35.30/SF
− OpEx
−$31.0K −$10.59/SF
NOI
$72.3K $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%
$1,445,080
Cap Rate 7%
$1,032,200
Cap Rate 9%
$802,822
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$903.2K – $1.20M
NOI $72,254 @ 7.0% cap · market cap 5.78%
Second Best
Apartment 5plus
$946.0K
$827.7K – $1.10M
NOI $66,218 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,662 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,575
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
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 - Two-family home with income potential on a generous lot.
Where is this duplex located?
The property is located at 10 Errington Pl Staten Island, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Two‑family home ideal for homeowners or investors with income potential.; Six bedrooms (3 in each unit) suitable for extended or multi‑generational living.; Each unit features separate living rooms and well‑appointed kitchens.
