Renovated Duplex with
For Sale
$639,900
1035 Victory Boulevard, Staten Island, NY 10301
MULTI_FAMILY - Colonial - Staten Island, NY
Property Size1,344 SF
Lot Size0.08 Acres
Price / SF$476.12
Days on Market95
Property Features for 1035 Victory Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R2
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 3, Bathroom 2, Bedroom 2
Parking features
Driveway, Off Street
Patio and Porch features
Patio
Fencing
Fenced
Basement
Finished, Full
Lot features
Front Yard, Back Yard
Subdivision
Silver Lake
Standard status
Active
APN
00244/0056
Size
1,344 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
6806
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating)
Building Details
Year built
1901
Floors in Building
3
Number of units
2
Building materials
Brick, Vinyl Siding
Architectural style
Colonial
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Natalia Zukhovich · License #40ZU1080861
(718) 987-7900
Added: May 22
Changed: Aug 18
Last Checked: Aug 24 at 1:06PM
MLS# 2602880
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 fully renovated Colonial-style duplex contains 1,344 square feet and is arranged as two residential levels, each with a kitchen, living room, bedrooms, and full bathroom. The home includes hardwood flooring, custom interior doors, newer appliances, and a finished walk-out basement with large windows, family room, half bath, closet, storage, and utility room. Brick and vinyl siding complement the exterior, while natural-gas hot-water heating serves the property.
The 0.0758-acre parcel is located at 1035 Victory Boulevard in Staten Island, NY 10301. Exterior features include a fenced backyard, patio, long driveway, and off-street parking. The property is tenant occupied with no leases, and public sewer service is in place. Built in 1901, the property carries R2 zoning and is positioned near the Verrazzano-Narrows Bridge.
The 0.0758-acre parcel is located at 1035 Victory Boulevard in Staten Island, NY 10301. Exterior features include a fenced backyard, patio, long driveway, and off-street parking. The property is tenant occupied with no leases, and public sewer service is in place. Built in 1901, the property carries R2 zoning and is positioned near the Verrazzano-Narrows Bridge.
Key Highlights
- Fully renovated two‑family duplex with 1,344 square feet
- Finished walk‑out basement with family room, half bath, storage, and utility room
- 0.0758‑acre parcel with fenced backyard, patio, and long driveway
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
$33,423
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
5.22%
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%
$668,460
$668.5K
Cap Rate 7%
$477,471
$477.5K
Cap Rate 9%
$371,367
$371.4K
Market Conditions
NOI Build-Up for 1,344 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
$50.0K $37.20/SF
− Vacancy
−$2.2K −$1.67/SF
EGI
$47.7K $35.53/SF
− OpEx
−$14.3K −$10.66/SF
NOI
$33.4K $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%
$668,460
Cap Rate 7%
$477,471
Cap Rate 9%
$371,367
Alternative Uses
Best Use
Multifamily LT 5
$477.5K
$417.8K – $557.1K
NOI $33,423 @ 7.0% cap · market cap 5.22%
Second Best
Apartment 5plus
$425.8K
$372.6K – $496.8K
NOI $29,805 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$641.3K
$561.1K – $748.2K
NOI $44,890 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
767
Businesses Nearby
Explore this area
Business Placement
Demographics for 10301, NY
41,474
Population
16,631
Households
2.5
Avg Household Size
40
Median Age
38%
College-Educated
88%
High-School Grad
3.8 sq mi
ZIP Area
10,914
Density / Sq Mi
$84,937
Median Household Income
$50,140
Median Earnings
$1,697
Median Rent
$657,000
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 property with finished walk-out basement, driveway parking, and R2 zoning.
Where is this duplex located?
The property is located at 1035 Victory Boulevard Staten Island, NY.
What is the asking price?
The asking price for this property is $639,900.
What are key features of this property?
This property features: Fully renovated two‑family duplex with 1,344 square feet; Finished walk‑out basement with family room, half bath, storage, and utility room; 0.0758‑acre parcel with fenced backyard, patio, and long driveway
