Duplex with Basement
New
For Sale
$775,000
15 Rachel Ct, Staten Island, NY 10310
Two-unit residential property with a three-bedroom main residence, apartment, backyard, and front carport.
Property Size1,930 SF
Lot Size0.08 Acres
Price / SF$430.56
Days on Market5
Property Features for 15 Rachel Ct
General Information
Standard status
Active
Size
1,930 SF
Lot size
0.08 Acres
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,930
Building Details
Building Size
1,930 SF
Year Built
2001
Stories
2
Listing Agency:
Womcore LLC dba Remax Edge
(718) 612-3088
Listed By:
Thanh H. Cantone
(718) 612-3088
Source:
Elliman
Added: Aug 28
Changed: Aug 31
Last Checked: Aug 31 at 2:28PM
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 Womcore LLC dba Remax Edge
Investment Insights
Based on property information with market context.
Built in 2001, this duplex provides approximately 1,800 square feet of living space on a 3,700-square-foot lot. The configuration includes a three-bedroom primary residence and a separate apartment, along with a basement for storage. A front carport and rear yard add practical exterior amenities, while the maintained condition supports immediate residential use.
The property is located at 15 Rachel Ct in Staten Island, NY 10310. Recorded walkability is car-dependent, with a Walk Score of 0; the property also has a Bike Score of 43 and a Transit Score of 58. The two-unit layout, outdoor space, and on-site covered parking define the property's core residential features.
The property is located at 15 Rachel Ct in Staten Island, NY 10310. Recorded walkability is car-dependent, with a Walk Score of 0; the property also has a Bike Score of 43 and a Transit Score of 58. The two-unit layout, outdoor space, and on-site covered parking define the property's core residential features.
Key Highlights
- Duplex built in 2001
- Approximately 1,800 square feet on a 3,700‑square‑foot lot
- Three‑bedroom main residence plus a separate apartment
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
$44,763
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
5.78%
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%
$895,260
$895.3K
Cap Rate 7%
$639,471
$639.5K
Cap Rate 9%
$497,367
$497.4K
Market Conditions
NOI Build-Up for 1,800 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
$67.0K $37.20/SF
− Vacancy
−$3.0K −$1.67/SF
EGI
$63.9K $35.53/SF
− OpEx
−$19.2K −$10.66/SF
NOI
$44.8K $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%
$895,260
Cap Rate 7%
$639,471
Cap Rate 9%
$497,367
Alternative Uses
Best Use
Multifamily LT 5
$639.5K
$559.5K – $746.1K
NOI $44,763 @ 7.0% cap · market cap 5.78%
Second Best
Apartment 5plus
$570.2K
$499.0K – $665.3K
NOI $39,917 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$858.9K
$751.5K – $1.00M
NOI $60,120 @ 7.0% cap · market cap 7.76%
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
1,068
Businesses Nearby
Explore this area
Business Placement
Demographics for 10310, NY
26,667
Population
9,909
Households
2.7
Avg Household Size
37
Median Age
31%
College-Educated
88%
High-School Grad
1.8 sq mi
ZIP Area
14,815
Density / Sq Mi
$106,118
Median Household Income
$57,861
Median Earnings
$1,638
Median Rent
$623,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with a three-bedroom main residence, apartment, backyard, and front carport.
Where is this duplex located?
The property is located at 15 Rachel Ct Staten Island, NY.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Duplex built in 2001; Approximately 1,800 square feet on a 3,700‑square‑foot lot; Three‑bedroom main residence plus a separate apartment
