Duplex with Separate
New
For Sale
$710,000
261 Elm St, Staten Island, NY 10310
Two residential units offer five bedrooms, three full baths, outdoor space, and a separate garage.
Property Size1,843 SF
Days on Market2
Property Features for 261 Elm St
General Information
Standard status
Active
Size
1,843 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$3,817
Building Details
Building Size
1,843 SF
Year Built
1910
Listing Agency:
Weichert Realtors The Franzese
Listed By:
Gregory Scott
(718) 232-1004
Source:
Elliman
Added: Sep 30
Last Checked: Oct 1 at 11:14AM
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 Weichert Realtors The Franzese
Investment Insights
Based on property information with market context.
This detached duplex at 261 Elm St in Staten Island dates to 1910 and contains approximately 1,843 square feet. The residence has five bedrooms and three full bathrooms across two units. A separate garage and yard are also part of the property. The building measures approximately 27 feet wide by 25 feet deep, and the lot is approximately 77 feet wide by 96 feet deep, totaling 7,392 square feet.
The first-floor unit is tenant-occupied. The property is located in West Brighton, with a Walk Score of 83, a Bike Score of 66, and a Transit Score of 65.
The first-floor unit is tenant-occupied. The property is located in West Brighton, with a Walk Score of 83, a Bike Score of 66, and a Transit Score of 65.
Key Highlights
- Approximately 1,843 square feet of living space
- Two‑family residence with 5 bedrooms and 3 full bathrooms
- 7,392‑square‑foot lot measuring approximately 77 feet wide by 96 feet deep
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
$45,832
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
6.46%
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%
$916,640
$916.6K
Cap Rate 7%
$654,743
$654.7K
Cap Rate 9%
$509,244
$509.2K
Market Conditions
NOI Build-Up for 1,843 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
$68.6K $37.20/SF
− Vacancy
−$3.1K −$1.67/SF
EGI
$65.5K $35.53/SF
− OpEx
−$19.6K −$10.66/SF
NOI
$45.8K $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%
$916,640
Cap Rate 7%
$654,743
Cap Rate 9%
$509,244
Alternative Uses
Best Use
Multifamily LT 5
$654.7K
$572.9K – $763.9K
NOI $45,832 @ 7.0% cap · market cap 6.46%
Second Best
Apartment 5plus
$583.9K
$510.9K – $681.2K
NOI $40,870 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$879.4K
$769.5K – $1.03M
NOI $61,557 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,779
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer five bedrooms, three full baths, outdoor space, and a separate garage.
Where is this duplex located?
The property is located at 261 Elm St Staten Island, NY.
What is the asking price?
The asking price for this property is $710,000.
What are key features of this property?
This property features: Approximately 1,843 square feet of living space; Two‑family residence with 5 bedrooms and 3 full bathrooms; 7,392‑square‑foot lot measuring approximately 77 feet wide by 96 feet deep
