Two-Family Duplex with
New
For Sale
$1,410,000
64 Butler Pl, Staten Island, NY 10305
Newer construction includes private parking and a basement with a separate entrance and full bathroom.
Property Size2,580 SF
Lot Size0.13 Acres
Price / SF$546.51
Days on Market4
Property Features for 64 Butler Pl
General Information
Standard status
Active
Size
2,580 SF
Lot size
0.13 Acres
Property subtype
Multi Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$12,512
Building Details
Building Size
2,580 SF
Year Built
2023
Buildings
1
Stories
2
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Jin Yun (Jane) Wang
(917) 708-9966
Source:
Elliman
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 11 at 12:04PM
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 Tiger Realty
Investment Insights
Based on property information with market context.
Completed in 2023, this legal two-family duplex provides approximately 2,580 sq. ft. of living space, arranged at about 1,290 sq. ft. per floor. Each unit includes 3 bedrooms and 2 full bathrooms, creating a consistent layout across both residences. The property also features an approximately 8-foot-high basement with its own entrance and full bathroom, offering additional space for recreation, storage, or a home office.
A private garage, private driveway, and two additional front parking spaces support the property’s practical residential configuration. Set on an approximately 5,801 sq. ft. corner lot measuring 46.5' × 124.75', the home includes substantial outdoor space. The location is minutes from the Verrazzano-Narrows Bridge and convenient to the Staten Island Railway, local bus lines, schools, parks, shopping, restaurants, and everyday amenities. Walk Score is 84, Transit Score is 62, and Bike Score is 57.
A private garage, private driveway, and two additional front parking spaces support the property’s practical residential configuration. Set on an approximately 5,801 sq. ft. corner lot measuring 46.5' × 124.75', the home includes substantial outdoor space. The location is minutes from the Verrazzano-Narrows Bridge and convenient to the Staten Island Railway, local bus lines, schools, parks, shopping, restaurants, and everyday amenities. Walk Score is 84, Transit Score is 62, and Bike Score is 57.
Key Highlights
- Completed in 2023 as a legal two‑family residence
- Approximately 2,580 sq. ft. of living space; about 1,290 sq. ft. per floor
- Each unit includes 3 bedrooms and 2 full bathrooms
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
$67,738
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
4.80%
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%
$1,354,760
$1.4M
Cap Rate 7%
$967,686
$967.7K
Cap Rate 9%
$752,644
$752.6K
Market Conditions
NOI Build-Up for 2,580 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
$105.3K $40.80/SF
− Vacancy
−$8.5K −$3.29/SF
EGI
$96.8K $37.51/SF
− OpEx
−$29.0K −$11.25/SF
NOI
$67.7K $26.26/SF
Area
ZIP 10305
Vacancy
8.07%
Lease Rate
$40.80 /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%
$1,354,760
Cap Rate 7%
$967,686
Cap Rate 9%
$752,644
Alternative Uses
Best Use
Multifamily LT 5
$967.7K
$846.7K – $1.13M
NOI $67,738 @ 7.0% cap · market cap 4.80%
Second Best
Apartment 5plus
$890.3K
$779.0K – $1.04M
NOI $62,322 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,173 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
956
Businesses Nearby
Explore this area
Business Placement
Demographics for 10305, NY
44,008
Population
16,850
Households
2.6
Avg Household Size
41
Median Age
32%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
11,002
Density / Sq Mi
$86,294
Median Household Income
$52,183
Median Earnings
$1,656
Median Rent
$627,200
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 - Newer construction includes private parking and a basement with a separate entrance and full bathroom.
Where is this duplex located?
The property is located at 64 Butler Pl Staten Island, NY.
What is the asking price?
The asking price for this property is $1,410,000.
What are key features of this property?
This property features: Completed in 2023 as a legal two‑family residence; Approximately 2,580 sq. ft. of living space; about 1,290 sq. ft. per floor; Each unit includes 3 bedrooms and 2 full bathrooms
