Detached Duplex with Separate
For Sale
$925,000
135 Commerce Street, Staten Island, NY 10314
Residential Income, Staten Island, NY
Property Size1,898 SF
Lot Size0.10 Acres
Price / SF$487.36
Days on Market10
Property Features for 135 Commerce Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3X
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 3, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 1
Parking features
Driveway, Open
Interior features
Ceiling Fan(s)
Basement
Finished, Full
Appliances
Humidifier
Lot features
Front Yard, Back Yard
Subdivision
Bulls Head
Standard status
Active
APN
01574-0183
Size
1,898 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
9309
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
1970
Floors in Building
2
Number of units
2
Building materials
Asbestos, Stucco
Architectural style
Ranch
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Deborah Bracco
(718) 987-7900
Added: Aug 14
Changed: Aug 21
Last Checked: Aug 23 at 9:06PM
MLS# 2604606
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 High Ranch offers 1,898 square feet on a 0.0964-acre lot. The primary residence includes three bedrooms, a formal living room, dining room, eat-in kitchen, full bath with dual-entry access and double vanity, plus a lower-level family room with wet bar, half bath, utility room, laundry closet, and garage access. Hardwood flooring is located beneath rugs in several areas. A separate three-room apartment has its own side entrance, eat-in kitchen, living room, bedroom, and driveway access.
Exterior features include a paved double driveway with parking for approximately 3-4 cars and a backyard. The property is served by public sewer, forced-air natural gas heating, and central air. The roof was replaced in 2023, the central AC and furnace were replaced in 2020, and the water heater dates to approximately 2019. R3X zoning and the 1970 construction date complete the property profile.
Exterior features include a paved double driveway with parking for approximately 3-4 cars and a backyard. The property is served by public sewer, forced-air natural gas heating, and central air. The roof was replaced in 2023, the central AC and furnace were replaced in 2020, and the water heater dates to approximately 2019. R3X zoning and the 1970 construction date complete the property profile.
Key Highlights
- Detached two‑family High Ranch with 1,898 square feet
- Separate three‑room apartment with private side entrance and driveway
- 0.0964‑acre lot with paved double driveway and parking for approx. 3‑4 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
$51,768
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
5.60%
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%
$1,035,360
$1.0M
Cap Rate 7%
$739,543
$739.5K
Cap Rate 9%
$575,200
$575.2K
Market Conditions
NOI Build-Up for 1,898 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
$77.4K $40.80/SF
− Vacancy
−$3.5K −$1.84/SF
EGI
$74.0K $38.96/SF
− OpEx
−$22.2K −$11.69/SF
NOI
$51.8K $27.27/SF
Area
ZIP 10314
Vacancy
4.50%
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%
$1,035,360
Cap Rate 7%
$739,543
Cap Rate 9%
$575,200
Alternative Uses
Best Use
Multifamily LT 5
$739.5K
$647.1K – $862.8K
NOI $51,768 @ 7.0% cap · market cap 5.60%
Second Best
Apartment 5plus
$685.8K
$600.0K – $800.1K
NOI $48,003 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$905.6K
$792.4K – $1.06M
NOI $63,394 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,103
Businesses Nearby
Explore this area
Business Placement
Demographics for 10314, NY
92,157
Population
33,554
Households
2.7
Avg Household Size
41
Median Age
37%
College-Educated
89%
High-School Grad
13.0 sq mi
ZIP Area
7,089
Density / Sq Mi
$104,655
Median Household Income
$58,769
Median Earnings
$1,726
Median Rent
$665,500
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 - Two-family layout includes a private side entrance, separate driveway, and flexible lower-level space.
Where is this duplex located?
The property is located at 135 Commerce Street Staten Island, NY.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Detached two‑family High Ranch with 1,898 square feet; Separate three‑room apartment with private side entrance and driveway; 0.0964‑acre lot with paved double driveway and parking for approx. 3‑4 cars
