2023-Built Duplex with Finished
For Sale
$1,218,000
109 Gower Street, Staten Island, NY 10314
Two independent living levels support flexible occupancy and multigenerational residential use.
Property Size2,176 SF
Price / SF$559.74
Days on Market171
Property Features for 109 Gower Street
General Information
Standard status
Active
Size
2,176 SF
Property subtype
MultiFamily
Zoning
R3-1
Taxes and HOA fees
Annual Taxes
$11,882
Amenities
Eat In
Full Bath
Natural Gas
Hot Water
Combination
5.00
2
Central Air
Stone, Stucco, Vinyl Siding
Building Details
Year Built
2023
Listing Agency:
Reliance Realty One
Listed By:
Tsun Ming "Calvin" Lau · License #10301216684
(917) 332-8987
Source:
Compass
Added: Mar 17
Changed: Sep 2
Last Checked: Sep 2 at 12:15AM
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 Reliance Realty One
Investment Insights
Based on property information with market context.
Built in 2023, this semi-attached duplex at 109 Gower Street provides 2,176 square feet with 6 bedrooms and 5 bathrooms. The layout is organized around two self-contained living levels, each offering an open-concept arrangement, a primary suite, and a kitchen with quartz countertops and stainless steel appliances. Wide-plank oak flooring, 9-foot ceilings, Pella windows, forced-air heating, and central air add to the interior specification.
The fully finished walk-out basement includes a bathroom, laundry area, and direct access to the yard. Exterior improvements include stone, stucco, and vinyl siding, along with a concrete driveway and detached garage. The property is near the Staten Island Expressway and the amenities along Victory Boulevard, with R3-1 zoning.
The fully finished walk-out basement includes a bathroom, laundry area, and direct access to the yard. Exterior improvements include stone, stucco, and vinyl siding, along with a concrete driveway and detached garage. The property is near the Staten Island Expressway and the amenities along Victory Boulevard, with R3-1 zoning.
Key Highlights
- 2023‑built duplex with 2,176 square feet
- 6 bedrooms and 5 bathrooms across two self‑contained living levels
- Finished walk‑out basement with bathroom, laundry, and yard access
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
$59,350
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
4.87%
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%
$1,187,000
$1.2M
Cap Rate 7%
$847,857
$847.9K
Cap Rate 9%
$659,444
$659.4K
Market Conditions
NOI Build-Up for 2,176 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
$88.8K $40.80/SF
− Vacancy
−$4.0K −$1.84/SF
EGI
$84.8K $38.96/SF
− OpEx
−$25.4K −$11.69/SF
NOI
$59.3K $27.27/SF
Area
ZIP 10314
Vacancy
4.50%
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%
$1,187,000
Cap Rate 7%
$847,857
Cap Rate 9%
$659,444
Alternative Uses
Best Use
Multifamily LT 5
$847.9K
$741.9K – $989.2K
NOI $59,350 @ 7.0% cap · market cap 4.87%
Second Best
Apartment 5plus
$786.2K
$687.9K – $917.2K
NOI $55,034 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$1.04M
$908.5K – $1.21M
NOI $72,679 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,340
Businesses Nearby
Explore this area
Business Placement
Demographics for 10314, NY
92,157
Population
33,554
Households
2.7
Avg Household Size
41
Median Age
37%
College-Educated
89%
High-School Grad
13.0 sq mi
ZIP Area
7,089
Density / Sq Mi
$104,655
Median Household Income
$58,769
Median Earnings
$1,726
Median Rent
$665,500
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 independent living levels support flexible occupancy and multigenerational residential use.
Where is this duplex located?
The property is located at 109 Gower Street Staten Island, NY.
What is the asking price?
The asking price for this property is $1,218,000.
What are key features of this property?
This property features: 2023‑built duplex with 2,176 square feet; 6 bedrooms and 5 bathrooms across two self‑contained living levels; Finished walk‑out basement with bathroom, laundry, and yard access
