Two-Family Semi with Side
For Sale
Contact for pricing
Pending
15 Gloria Court, Staten Island, NY 10302
Two-family semi delivered vacant, featuring an eat-in kitchen, large side and rear yard, and an additional parking pad.
Property Size1,260 SF
Days on Market127
Property Features for 15 Gloria Court
General Information
Standard status
Pending
Size
1,260 SF
Property subtype
Multifamily
Zoning
R3 -2
Additional Details
Multifamily Units
2
Building Details
Year Built
2001
Stories
2
Units
2
Listing Agency:
Robert Defalco Realty
Listed By:
Mark Boscaino · License #10301212181
(718) 987-7900
Source:
Crexi
Added: May 1
Changed: Aug 7
Last Checked: Aug 5 at 4:47AM
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 Robert Defalco Realty
Investment Insights
Based on property information with market context.
This two-family semi offers two separate living levels with large rooms throughout. The home includes a bright eat-in kitchen and generous living spaces. The lower level features a large one-bedroom apartment with an excellent layout and privacy.
The property includes a large side and rear yard, providing outdoor space for gardening and day-to-day use. In addition, there is an additional parking pad for convenient off-street parking.
The home will be delivered vacant, giving the new owner flexibility to update and customize the interior. Located near shopping, transportation, and schools, it is positioned for convenient neighborhood access.
The property includes a large side and rear yard, providing outdoor space for gardening and day-to-day use. In addition, there is an additional parking pad for convenient off-street parking.
The home will be delivered vacant, giving the new owner flexibility to update and customize the interior. Located near shopping, transportation, and schools, it is positioned for convenient neighborhood access.
Key Highlights
- Two‑family semi on Staten Island delivered vacant for immediate owner occupancy or customization
- Year built: 2001
- Lower level has a large one‑bedroom apartment with an eat‑in kitchen and a layout noted for privacy
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
$31,334
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
4.48%
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%
$626,680
$626.7K
Cap Rate 7%
$447,629
$447.6K
Cap Rate 9%
$348,156
$348.2K
Market Conditions
NOI Build-Up for 1,260 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
$46.9K $37.20/SF
− Vacancy
−$2.1K −$1.67/SF
EGI
$44.8K $35.53/SF
− OpEx
−$13.4K −$10.66/SF
NOI
$31.3K $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%
$626,680
Cap Rate 7%
$447,629
Cap Rate 9%
$348,156
Alternative Uses
Best Use
Multifamily LT 5
$447.6K
$391.7K – $522.2K
NOI $31,334 @ 7.0% cap · market cap 4.48%
Second Best
Apartment 5plus
$399.2K
$349.3K – $465.7K
NOI $27,942 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$601.2K
$526.1K – $701.4K
NOI $42,084 @ 7.0% cap · market cap 6.02%
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
1,143
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 - Two-family semi delivered vacant, featuring an eat-in kitchen, large side and rear yard, and an additional parking pad.
Where is this duplex located?
The property is located at 15 Gloria Court 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: Two‑family semi on Staten Island delivered vacant for immediate owner occupancy or customization; Year built: 2001; Lower level has a large one‑bedroom apartment with an eat‑in kitchen and a layout noted for privacy
