Duplex with Detached
For Sale
$799,000
130 Driggs Street, Staten Island, NY 10308
Two apartments each have two bedrooms and one bathroom, with tenants willing to remain under new leases.
Property Size1,200 SF
Lot Size0.09 Acres
Price / SF$665.83
Days on Market12
Property Features for 130 Driggs Street
General Information
Standard status
Active
Size
1,200 SF
Lot size
0.09 Acres
Property subtype
Residential Income
Zoning
R3A
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$42,900
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$5,728
Amenities
true
2
4
Back Yard
4000
40x100
0.09
Garage,Driveway,Off Street
1200
Building Details
Building Size
1,200 SF
Year Built
1925
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Village Realty of SI Ltd.
Listed By:
Eugene Jaconetti · License #10301204887
Source:
Matiasrealestatenyc
Added: Oct 26
Changed: Nov 4
Last Checked: Nov 5 at 9:00AM
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 Village Realty of SI Ltd.
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Investment Insights
Based on property information with market context.
This 1925 duplex contains two apartments, each configured with two bedrooms and one bathroom. The first-floor unit has an updated kitchen and a finished cellar room; the second-floor apartment is identified as needing cosmetic improvements. Cellar space also provides storage and workshop area, with additional hookups. The property is being sold as-is.
The 40-by-100-foot lot includes a long driveway with parking for up to six cars, a detached garage, and R3A zoning. Shopping, restaurants, transit, parks, and schools are in the surrounding Great Kills and South Shore area. Tenants are willing to stay with new leases in place.
The 40-by-100-foot lot includes a long driveway with parking for up to six cars, a detached garage, and R3A zoning. Shopping, restaurants, transit, parks, and schools are in the surrounding Great Kills and South Shore area. Tenants are willing to stay with new leases in place.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- 40x100 lot with R3A zoning
- Driveway parking for up to 6 cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,842
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$596,840
$596.8K
Cap Rate 7%
$426,314
$426.3K
Cap Rate 9%
$331,578
$331.6K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$44.6K $37.20/SF
− Vacancy
−$2.0K −$1.67/SF
EGI
$42.6K $35.53/SF
− OpEx
−$12.8K −$10.66/SF
NOI
$29.8K $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%
$596,840
Cap Rate 7%
$426,314
Cap Rate 9%
$331,578
Alternative Uses
Best Use
Multifamily LT 5
$426.3K
$373.0K – $497.4K
NOI $29,842 @ 7.0% cap · market cap 3.73%
Second Best
Apartment 5plus
$380.2K
$332.6K – $443.5K
NOI $26,611 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$572.6K
$501.0K – $668.0K
NOI $40,080 @ 7.0% cap · market cap 5.02%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,159
Businesses Nearby
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Business Placement
Demographics for 10308, NY
28,198
Population
11,093
Households
2.5
Avg Household Size
44
Median Age
40%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
12,817
Density / Sq Mi
$122,654
Median Household Income
$67,149
Median Earnings
$1,729
Median Rent
$648,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments each have two bedrooms and one bathroom, with tenants willing to remain under new leases.
Where is this duplex located?
The property is located at 130 Driggs Street Staten Island, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; 40x100 lot with R3A zoning; Driveway parking for up to 6 cars
