Updated Two-Family
For Sale
$699,000
133 Eaton Place, Staten Island, NY 10302
End-unit duplex with a three-bedroom main residence, new studio apartment, upgraded systems, and separately accessed basement.
Property Size1,536 SF
Days on Market138
Property Features for 133 Eaton Place
General Information
Standard status
Active
Size
1,536 SF
Property subtype
Residential Income
Zoning
R3-2
Units
Unit Mix
1 x 3BR, 1 x studio
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,341
Building Details
Building Size
1,536 SF
Year Built
1931
Buildings
1
Stories
2
Units
2
Listing Agency:
Master Associates Inc.
(718) 490-0057
Listed By:
Louis L Rizzo · License #30RI0802013
(718) 490-0057
Source:
Joannecostarealty
Added: Apr 13
Changed: Aug 28
Last Checked: Aug 25 at 9:21AM
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 Master Associates Inc.
Investment Insights
Based on property information with market context.
This 1,536-square-foot two-family end unit was built in 1931 and includes a three-bedroom main residence along with a new studio apartment. The first level contains the studio, kitchen, living room, and half bath. A separate entrance leads to a full basement that has been gutted for additional flexibility.
Recent improvements include a new roof, electrical system, plumbing, and windows. The property is equipped with three electric meters and may be delivered vacant or with tenants remaining. Its two-family configuration and distinct apartment spaces provide a practical layout for residential income use.
Recent improvements include a new roof, electrical system, plumbing, and windows. The property is equipped with three electric meters and may be delivered vacant or with tenants remaining. Its two-family configuration and distinct apartment spaces provide a practical layout for residential income use.
Key Highlights
- 1,536 SF two‑family end unit built in 1931
- Three‑bedroom main residence plus a new studio apartment
- New roof, electrical system, plumbing, and windows
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
$38,198
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
5.46%
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%
$763,960
$764.0K
Cap Rate 7%
$545,686
$545.7K
Cap Rate 9%
$424,422
$424.4K
Market Conditions
NOI Build-Up for 1,536 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
$57.1K $37.20/SF
− Vacancy
−$2.6K −$1.67/SF
EGI
$54.6K $35.53/SF
− OpEx
−$16.4K −$10.66/SF
NOI
$38.2K $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%
$763,960
Cap Rate 7%
$545,686
Cap Rate 9%
$424,422
Alternative Uses
Best Use
Multifamily LT 5
$545.7K
$477.5K – $636.6K
NOI $38,198 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$486.6K
$425.8K – $567.7K
NOI $34,062 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$732.9K
$641.3K – $855.1K
NOI $51,303 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,007
Businesses Nearby
Explore this area
Business Placement
Demographics for 10302, NY
20,931
Population
6,927
Households
3
Avg Household Size
35
Median Age
29%
College-Educated
85%
High-School Grad
1.2 sq mi
ZIP Area
17,443
Density / Sq Mi
$76,089
Median Household Income
$43,608
Median Earnings
$1,800
Median Rent
$586,300
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 - End-unit duplex with a three-bedroom main residence, new studio apartment, upgraded systems, and separately accessed basement.
Where is this duplex located?
The property is located at 133 Eaton Place Staten Island, NY.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 1,536 SF two‑family end unit built in 1931; Three‑bedroom main residence plus a new studio apartment; New roof, electrical system, plumbing, and windows
