Duplex with Finished
For Sale
$1,250,000
10 Errington Place, Staten Island, NY 10304
MULTI_FAMILY - Staten Island, NY
Property Size2,924 SF
Lot Size0.10 Acres
Price / SF$427.50
Days on Market185
Property Features for 10 Errington Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3X
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 6, Bedroom 1, Bedroom 4, Bathroom 3, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 5
Parking features
Garage - Detached, Carport
Interior features
Dishwasher, Fireplace, Garage Door Opener(s), Microwave, Refrigerator, Stove, Washer
Fireplace
1
Basement
Full
Subdivision
Clifton
Standard status
Active
Size
2,924 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
3103
Building Details
Year built
1905
Floors in Building
2
Number of units
2
Flooring type
Tile, Marble, Hardwood
Building materials
Wood Frame
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Robert Defalco Realty Inc
(718) 748-7000
Listed By:
Derek Risbrook
(718) 748-7000
Added: Feb 20
Changed: Aug 3
Last Checked: Aug 24 at 4:06PM
MLS# 499095
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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 side-by-side duplex offers two separate residences within a wood-frame 2-family home. The layout totals six bedrooms (3 by 3), with separate living rooms and well-appointed kitchens. In all, the property includes three kitchens, two full bathrooms, and one three-quarter bathroom. Additional finished space is provided by a finished attic and a finished basement, offering flexible room options for recreation or home office use.
The home sits on a 45 x 100 lot and includes a fireplace. Parking and outdoor space are designed for convenience with a 2-car driveway pad and a 1-car indoor garage.
Interior features include dishwasher, microwave, refrigerator, stove, and washer, with flooring reported as marble, hardwood, and tile. The roof is asphalt, and the property was built in 1905.
The home sits on a 45 x 100 lot and includes a fireplace. Parking and outdoor space are designed for convenience with a 2-car driveway pad and a 1-car indoor garage.
Interior features include dishwasher, microwave, refrigerator, stove, and washer, with flooring reported as marble, hardwood, and tile. The roof is asphalt, and the property was built in 1905.
Key Highlights
- Two‑family side‑by‑side duplex with 6 bedrooms total (3 by 3)
- 3 kitchens plus 2 full bathrooms and 1 three‑quarter bathroom
- Finished attic and finished basement for added flexible space
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
Lease Details
Multi-tenant
Tenancy
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 - Side-by-side duplex with finished attic and basement, fireplace, and multiple kitchens for flexible living arrangements.
Where is this duplex located?
The property is located at 10 Errington Place 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 side‑by‑side duplex with 6 bedrooms total (3 by 3); 3 kitchens plus 2 full bathrooms and 1 three‑quarter bathroom; Finished attic and finished basement for added flexible space
