Detached Two-Family
For Sale
$1,090,000
179 Gervil St, Staten Island, NY 10309
Two-family Hi-Ranch home featuring four total baths, fireplace, garage, finished basement, and paver backyard.
Property Size3,999 SF
Days on Market75
Property Features for 179 Gervil St
General Information
Standard status
Active
Size
3,999 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,444
Building Details
Building Size
3,999 SF
Year Built
1987
Stories
2
Tenancy
Multi
Listing Agency:
COMPASS REALTY CENTRAL INC
(718) 232-6400
Listed By:
Joseph Fuda
(718) 232-6400
Source:
Elliman
Added: Jun 1
Changed: Aug 12
Last Checked: Aug 14 at 9:52AM
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 COMPASS REALTY CENTRAL INC
Investment Insights
Based on property information with market context.
This detached two-family Hi-Ranch is configured as “7 over 3,” and offers a total of four bathrooms. The property includes a fireplace, a garage, and a finished basement for additional indoor living and utility space. Outside, there is a paver backyard providing a finished outdoor area.
Located on Gervil Street in Staten Island, the home is presented as a must-see opportunity, with details described as extensive beyond the highlights listed here. Additional information is available by request.
For buyers seeking a detached residential income property, this layout and feature set can support flexible occupancy and practical day-to-day use. The combination of multiple baths, a garage, and a finished basement adds convenience for tenants and households, while the paver backyard supports outdoor enjoyment. The “7 over 3” configuration should also be reviewed in detail to understand how the space is organized between the two family portions and where the finished areas align with your intended use.
Located on Gervil Street in Staten Island, the home is presented as a must-see opportunity, with details described as extensive beyond the highlights listed here. Additional information is available by request.
For buyers seeking a detached residential income property, this layout and feature set can support flexible occupancy and practical day-to-day use. The combination of multiple baths, a garage, and a finished basement adds convenience for tenants and households, while the paver backyard supports outdoor enjoyment. The “7 over 3” configuration should also be reviewed in detail to understand how the space is organized between the two family portions and where the finished areas align with your intended use.
Key Highlights
- Detached two‑family hi‑ranch home built in 1987
- 7 over 3 layout with four total baths
- Fireplace included
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
$99,448
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
9.12%
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%
$1,988,960
$2.0M
Cap Rate 7%
$1,420,686
$1.4M
Cap Rate 9%
$1,104,978
$1.1M
Market Conditions
NOI Build-Up for 3,999 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
$148.8K $37.20/SF
− Vacancy
−$6.7K −$1.67/SF
EGI
$142.1K $35.53/SF
− OpEx
−$42.6K −$10.66/SF
NOI
$99.4K $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%
$1,988,960
Cap Rate 7%
$1,420,686
Cap Rate 9%
$1,104,978
Alternative Uses
Best Use
Multifamily LT 5
$1.42M
$1.24M – $1.66M
NOI $99,448 @ 7.0% cap · market cap 9.12%
Second Best
Apartment 5plus
$1.27M
$1.11M – $1.48M
NOI $88,682 @ 7.0% cap · market cap 8.14%
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,567 @ 7.0% cap · market cap 12.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
475
Businesses Nearby
Explore this area
Business Placement
Demographics for 10309, NY
33,523
Population
12,770
Households
2.6
Avg Household Size
41
Median Age
40%
College-Educated
92%
High-School Grad
7.3 sq mi
ZIP Area
4,592
Density / Sq Mi
$123,638
Median Household Income
$67,348
Median Earnings
$1,907
Median Rent
$745,500
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-family Hi-Ranch home featuring four total baths, fireplace, garage, finished basement, and paver backyard.
Where is this duplex located?
The property is located at 179 Gervil St Staten Island, NY.
What is the asking price?
The asking price for this property is $1,090,000.
What are key features of this property?
This property features: Detached two‑family hi‑ranch home built in 1987; 7 over 3 layout with four total baths; Fireplace included
