Two-Family Duplex with
For Sale
$948,000
Pending
11 Remsen Street, Staten Island, NY 10304
Residential Income, Staten Island, NY
Property Size2,042 SF
Lot Size0.05 Acres
Days on Market56
Property Features for 11 Remsen Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3X
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
2
Rooms
Bathroom 3, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 3, Bathroom 4, Bedroom 1, Bedroom 4
Parking features
Driveway, Garage, Off Street
Patio and Porch features
Deck
Basement
Full, Finished
Lot features
Back Yard
Subdivision
Dongan Hills-Above Hylan
Standard status
Pending
APN
3310-27
Size
2,042 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
6448
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Building Details
Year built
1975
Floors in Building
3
Number of units
2
Building materials
Vinyl Siding
Listing Agency:
Keller Williams Realty Staten Island
(718) 766-7159
Listed By:
Kristina Patafio
(917) 232-8765
Added: Jul 10
Changed: Aug 27
Last Checked: Sep 3 at 1:06AM
MLS# 2603936
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.
Located at 11 Remsen Street in Staten Island, this 2,042-square-foot duplex was built in 1975 and has vinyl siding, natural gas forced-air heat, and public sewer service. The primary residence includes three bedrooms, hardwood flooring, a renovated eat-in kitchen with granite countertops and stainless steel appliances, plus a permitted sunroom extension. Interior features also include a finished basement, two fireplaces, one full bathroom, two half bathrooms, a built-in garage, and a stand-up attic for storage.
A separate one-bedroom apartment provides additional living space within the property. Exterior amenities include a private backyard, deck, driveway, and off-street parking. The home is positioned near bus and train service and offers access to the Verrazzano Bridge. The property is zoned R3X and occupies 0.0547 acres.
A separate one-bedroom apartment provides additional living space within the property. Exterior amenities include a private backyard, deck, driveway, and off-street parking. The home is positioned near bus and train service and offers access to the Verrazzano Bridge. The property is zoned R3X and occupies 0.0547 acres.
Key Highlights
- 2,042‑square‑foot duplex on a 0.0547‑acre lot
- Primary residence includes 3 bedrooms and a separate 1‑bedroom apartment
- Renovated eat‑in kitchen with granite countertops and stainless steel appliances
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
$50,459
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
5.32%
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%
$1,009,180
$1.0M
Cap Rate 7%
$720,843
$720.8K
Cap Rate 9%
$560,656
$560.7K
Market Conditions
NOI Build-Up for 2,042 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
$78.4K $38.40/SF
− Vacancy
−$6.3K −$3.10/SF
EGI
$72.1K $35.30/SF
− OpEx
−$21.6K −$10.59/SF
NOI
$50.5K $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%
$1,009,180
Cap Rate 7%
$720,843
Cap Rate 9%
$560,656
Alternative Uses
Best Use
Multifamily LT 5
$720.8K
$630.7K – $841.0K
NOI $50,459 @ 7.0% cap · market cap 5.32%
Second Best
Apartment 5plus
$660.6K
$578.1K – $770.7K
NOI $46,244 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$974.3K
$852.5K – $1.14M
NOI $68,203 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,773
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 - Well-maintained semi-detached residence with a renovated kitchen, finished basement, private deck, and separate one-bedroom apartment.
Where is this duplex located?
The property is located at 11 Remsen Street Staten Island, NY.
What is the asking price?
The asking price for this property is $948,000.
What are key features of this property?
This property features: 2,042‑square‑foot duplex on a 0.0547‑acre lot; Primary residence includes 3 bedrooms and a separate 1‑bedroom apartment; Renovated eat‑in kitchen with granite countertops and stainless steel appliances
