Spacious Staten Island Two-Family
For Sale
$720,000
17 Federal Place, Staten Island, NY 10303
Semi-detached, 3-story, 2-family home in Arlington, Staten Island.
Property Size2,160 SF
Price / SF$333.33
Days on Market991
Property Features for 17 Federal Place
General Information
Standard status
Active
Size
2,160 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$4,200
Building Details
Year Built
2012
Listing Agency:
Momentum Real Estate LLC
(718) 382-0001
Listed By:
Kevin Lam · License #10401361912
(718) 382-0001
Source:
Exitrealty
Added: Dec 14, 2023
Changed: Aug 25
Last Checked: Aug 30 at 3:36PM
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 Momentum Real Estate LLC
Investment Insights
Based on property information with market context.
Located in Arlington, Staten Island, this semi-detached, 3-story, 2-family home offers a blend of comfort and convenience. The property features a private driveway and a fully finished basement. The main family unit, situated at the front of the home, includes a living space on the first level with storage options. The second floor features a living room, dining area, kitchen, and a full bathroom. The third level offers three bedrooms. The second family unit at the rear of the home provides a separate living space, comprising a kitchen/living room combination and a dining area, along with one bedroom and a full bathroom. The property is situated near the Staten Island Expressway, providing access to Newark Liberty International Airport. Mariner's Marsh Park is nearby, as are shops, restaurants, and transportation options. The property is currently occupied by two tenants.
Key Highlights
- Two‑family home with separate units offering flexibility.
- Convenient location near the Staten Island Expressway, providing easy access to Newark Liberty International Airport.
- Spacious 3‑story layout with three bedrooms in the main unit.
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
$53,715
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
7.46%
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%
$1,074,300
$1.1M
Cap Rate 7%
$767,357
$767.4K
Cap Rate 9%
$596,833
$596.8K
Market Conditions
NOI Build-Up for 2,160 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
$80.4K $37.20/SF
− Vacancy
−$3.6K −$1.67/SF
EGI
$76.7K $35.53/SF
− OpEx
−$23.0K −$10.66/SF
NOI
$53.7K $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%
$1,074,300
Cap Rate 7%
$767,357
Cap Rate 9%
$596,833
Alternative Uses
Best Use
Multifamily LT 5
$767.4K
$671.4K – $895.3K
NOI $53,715 @ 7.0% cap · market cap 7.46%
Second Best
Apartment 5plus
$684.3K
$598.8K – $798.3K
NOI $47,900 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$1.03M
$901.8K – $1.20M
NOI $72,144 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
272
Businesses Nearby
Explore this area
Business Placement
Demographics for 10303, NY
28,155
Population
9,580
Households
2.9
Avg Household Size
34
Median Age
30%
College-Educated
83%
High-School Grad
3.2 sq mi
ZIP Area
8,798
Density / Sq Mi
$79,429
Median Household Income
$49,072
Median Earnings
$1,520
Median Rent
$457,600
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 - Semi-detached, 3-story, 2-family home in Arlington, Staten Island.
Where is this duplex located?
The property is located at 17 Federal Place Staten Island, NY.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Two‑family home with separate units offering flexibility.; Convenient location near the Staten Island Expressway, providing easy access to Newark Liberty International Airport.; Spacious 3‑story layout with three bedrooms in the main unit.
