Duplex with Detached
For Sale
$998,000
130 Driggs Street, Staten Island, NY 10308
MULTI_FAMILY - Colonial - Staten Island, NY
Property Size1,700 SF
Lot Size0.09 Acres
Price / SF$831.67
Days on Market94
Property Features for 130 Driggs Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3A
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 1, Bathroom 2
Parking features
Garage, Off Street, Driveway
Patio and Porch features
Patio
Basement
Unfinished, Full
Lot features
Back Yard
Subdivision
Great Kills
Standard status
Active
APN
57290020
Size
1,200 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
5728
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating)
Amenities
cellar storage and workshop space
laundry hook-ups
Building Details
Year built
1925
Floors in Building
2
Number of units
2
Building materials
Aluminum Siding
Architectural style
Colonial
Listing Agency:
Village Realty of SI Ltd.
(646) 996-4131
Listed By:
Eugene Jaconetti
(917) 841-6707
Added: May 22
Changed: Aug 2
Last Checked: Aug 23 at 3:06AM
MLS# 2602886
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.
This detached two-family (duplex) home offers two separate apartments, each with two bedrooms and one bathroom. The first floor measures 1,032 SF, and the second floor is approximately 698 SF (+/-), for an approximate total of 1,700 SF. An accessible cellar provides additional storage and workshop space, and the detached garage offers future conversion potential. The property includes an updated kitchen in Apartment 1 and a finished bonus room in the cellar; Apartment 2 presents an opportunity for cosmetic improvements. Both apartments have hook-ups, with additional hook-ups in the cellar.
Outside, the home sits on a 40 x 100 lot (0.0918 acres) and features a long driveway with off-street parking for up to six cars, plus a patio. The exterior is constructed with aluminum siding, and heating is provided by natural gas hot water. The property is served by public sewer.
Tenants are described as cooperative and willing to remain with new leases in place, supporting stability for an investor, and the home is offered as-is condition.
Outside, the home sits on a 40 x 100 lot (0.0918 acres) and features a long driveway with off-street parking for up to six cars, plus a patio. The exterior is constructed with aluminum siding, and heating is provided by natural gas hot water. The property is served by public sewer.
Tenants are described as cooperative and willing to remain with new leases in place, supporting stability for an investor, and the home is offered as-is condition.
Key Highlights
- R3A zoning duplex on a 0.0918‑acre 40 x 100 lot
- First floor measures 1,032 SF; second floor approx 698 SF (+/-) for approx 1,700 SF
- Detached garage with future conversion potential plus long driveway parking for up to 6 cars
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
$29,842
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
2.99%
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%
$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
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
$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 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%
$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 2.99%
Second Best
Apartment 5plus
$380.2K
$332.6K – $443.5K
NOI $26,611 @ 7.0% cap · market cap 2.67%
Theoretical Best
Office A
$572.6K
$501.0K – $668.0K
NOI $40,080 @ 7.0% cap · market cap 4.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
975
Businesses Nearby
Explore this area
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
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 - Detached two-family duplex in R3A with cellar access, patio, and driveway parking for up to six cars.
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 $998,000.
What are key features of this property?
This property features: R3A zoning duplex on a 0.0918‑acre 40 x 100 lot; First floor measures 1,032 SF; second floor approx 698 SF (+/-) for approx 1,700 SF; Detached garage with future conversion potential plus long driveway parking for up to 6 cars
