Detached Two-Family
For Sale
$1,150,000
153 Chelsea St, Staten Island, NY 10307
Well-maintained detached residence with a separate one-bedroom apartment, built-in garage, basement, and adaptable living space.
Property Size2,820 SF
Price / SF$407.80
Days on Market69
Property Features for 153 Chelsea St
General Information
Standard status
Active
Size
2,820 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 1BR
Multifamily Units
2
Amenities
laundry room
Building Details
Year Built
1988
Construction
Center Hall Colonial
Listing Agency:
DiTommaso Real Estate
(718) 667-8000
Listed By:
Lori A Ficarra · License #10401318951
Source:
Statenislandhomelistings
Added: Jun 21
Changed: Aug 28
Last Checked: Aug 28 at 6:51AM
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 DiTommaso Real Estate
Investment Insights
Based on property information with market context.
This detached duplex at 153 Chelsea St. contains 2,820 square feet and was built in 1988. The primary residence offers formal living and dining rooms, a family room, eat-in kitchen, laundry area, three bedrooms, and multiple bathrooms. A primary suite includes a private bath, while attic storage is accessed through a pull-down stairway in the bedroom closet. Hardwood flooring is located beneath the carpeting in portions of the home.
A separate one-bedroom apartment sits above the built-in one-car garage, creating flexibility for extended household use, guests, or rental income. The property also includes a full basement with partially finished space suitable for recreation, an office, exercise area, storage, or future expansion. Located in Tottenville near shopping, transportation, parks, PS 1, and IS 34, the home offers access to South Shore amenities while providing a substantial two-family layout.
A separate one-bedroom apartment sits above the built-in one-car garage, creating flexibility for extended household use, guests, or rental income. The property also includes a full basement with partially finished space suitable for recreation, an office, exercise area, storage, or future expansion. Located in Tottenville near shopping, transportation, parks, PS 1, and IS 34, the home offers access to South Shore amenities while providing a substantial two-family layout.
Key Highlights
- 2,820‑square‑foot detached two‑family home
- Built in 1988
- Separate one‑bedroom apartment above the garage
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
$70,128
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
6.10%
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%
$1,402,560
$1.4M
Cap Rate 7%
$1,001,829
$1.0M
Cap Rate 9%
$779,200
$779.2K
Market Conditions
NOI Build-Up for 2,820 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
$104.9K $37.20/SF
− Vacancy
−$4.7K −$1.67/SF
EGI
$100.2K $35.53/SF
− OpEx
−$30.1K −$10.66/SF
NOI
$70.1K $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%
$1,402,560
Cap Rate 7%
$1,001,829
Cap Rate 9%
$779,200
Alternative Uses
Best Use
Multifamily LT 5
$1.00M
$876.6K – $1.17M
NOI $70,128 @ 7.0% cap · market cap 6.10%
Second Best
Apartment 5plus
$893.4K
$781.7K – $1.04M
NOI $62,536 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,189 @ 7.0% cap · market cap 8.19%
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
546
Businesses Nearby
Explore this area
Business Placement
Demographics for 10307, NY
14,129
Population
5,390
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
90%
High-School Grad
1.6 sq mi
ZIP Area
8,831
Density / Sq Mi
$138,807
Median Household Income
$74,211
Median Earnings
$1,618
Median Rent
$799,100
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 - Well-maintained detached residence with a separate one-bedroom apartment, built-in garage, basement, and adaptable living space.
Where is this duplex located?
The property is located at 153 Chelsea St Staten Island, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 2,820‑square‑foot detached two‑family home; Built in 1988; Separate one‑bedroom apartment above the garage
