Brick Duplex
For Sale
$679,000
Pending
12 Freeman Pl, Staten Island, NY 10310
Two-family residence with separate living areas, tenant occupancy, and a full unfinished basement.
Property Size1,650 SF
Days on Market242
Property Features for 12 Freeman Pl
General Information
Standard status
Pending
Size
1,650 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1960
Construction
All Brick Semi-Attached
Listing Agency:
Coldwell Banker Advantage
Listed By:
Mary T Giordano · License #10301218265
(718) 948-3600
Source:
Statenislandhomelistings
Added: Feb 21
Changed: Oct 1
Last Checked: Oct 19 at 7:08AM
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 Coldwell Banker Advantage
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Investment Insights
Based on property information with market context.
This legal two-family, semi-attached residence was built in 1960 and offers approximately 1,650 square feet across two residential levels. The original first floor includes a living room, eat-in kitchen, two bedrooms, and one bathroom. The second floor has been updated and provides an eat-in kitchen, living room, two bedrooms, one bathroom, and attic space.
A full unfinished basement adds storage and utility space. The property is currently tenant occupied, with showings scheduled around tenant availability. It is located in the Clove Lakes section of Staten Island.
A full unfinished basement adds storage and utility space. The property is currently tenant occupied, with showings scheduled around tenant availability. It is located in the Clove Lakes section of Staten Island.
Key Highlights
- Legal two‑family semi‑attached home
- All‑brick construction built in 1960
- Approximately 1,650 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,033
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$820,660
$820.7K
Cap Rate 7%
$586,186
$586.2K
Cap Rate 9%
$455,922
$455.9K
Market Conditions
NOI Build-Up for 1,650 SF
Gross rent
$61.4K $37.20/SF
− Vacancy
−$2.8K −$1.67/SF
EGI
$58.6K $35.53/SF
− OpEx
−$17.6K −$10.66/SF
NOI
$41.0K $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 Rate 5%
$820,660
Cap Rate 7%
$586,186
Cap Rate 9%
$455,922
Alternative Uses
Best Use
Multifamily LT 5
$586.2K
$512.9K – $683.9K
NOI $41,033 @ 7.0% cap · market cap 6.04%
Second Best
Apartment 5plus
$522.7K
$457.4K – $609.8K
NOI $36,590 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$787.3K
$688.9K – $918.5K
NOI $55,110 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,857
Businesses Nearby
Explore this area
Business Placement
Demographics for 10310, NY
26,667
Population
9,909
Households
2.7
Avg Household Size
37
Median Age
31%
College-Educated
88%
High-School Grad
1.8 sq mi
ZIP Area
14,815
Density / Sq Mi
$106,118
Median Household Income
$57,861
Median Earnings
$1,638
Median Rent
$623,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family residence with separate living areas, tenant occupancy, and a full unfinished basement.
Where is this duplex located?
The property is located at 12 Freeman Pl Staten Island, NY.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: Legal two‑family semi‑attached home; All‑brick construction built in 1960; Approximately 1,650 square feet
