Legal Two-Family
For Sale
$930,000
Pending
162 Bathgate St, Staten Island, NY 10312
Legal two-family semi offers updated kitchen and bathrooms, central A/C, and separate systems with a currently rented one-bedroom unit.
Property Size2,238 SF
Days on Market254
Property Features for 162 Bathgate St
General Information
Standard status
Pending
Size
2,238 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
Central A/C
Trex Deck
Huge Backyard
Pull down attic
Basement finished
Building Details
Year Built
1995
Listing Agency:
Robert DeFalco Realty, Inc.
Listed By:
Cindy C Cheung · License #40CH0915567
(917) 601-2627
Source:
Statenislandhomelistings
Added: Dec 30, 2025
Changed: Sep 9
Last Checked: Sep 9 at 11:41AM
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, Inc.
Investment Insights
Based on property information with market context.
162 Bathgate Street presents a legal two-family semi in excellent condition with a total interior size of 2,238 square feet. The main residence features updated bathrooms, an eat-in kitchen with granite countertops and stainless steel appliances, select oak floors, and central A/C. Living spaces include an open living room, dining room with sliders to a trex deck, a primary bedroom with a 3/4 bath, two additional bedrooms, and a pull-down attic. The basement is finished with tile floors, and the home includes separated heating units and hot water heaters.
The second unit has a private entrance and is a one-bedroom apartment that is currently rented to an excellent tenant paying rent on time. The house will be delivered vacant, and the property is located about one block from Hylan Blvd with public transportation nearby.
Additional features include a large backyard and separate systems servicing the two units.
The second unit has a private entrance and is a one-bedroom apartment that is currently rented to an excellent tenant paying rent on time. The house will be delivered vacant, and the property is located about one block from Hylan Blvd with public transportation nearby.
Additional features include a large backyard and separate systems servicing the two units.
Key Highlights
- Legal 2‑family semi built in 1995 with 2,238 SF interior space (15 X 55).
- Updated kitchen with granite countertop and stainless steel appliances.
- Central A/C plus separated heating units and hot water heaters for added system separation.
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
$55,303
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
5.95%
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%
$1,106,060
$1.1M
Cap Rate 7%
$790,043
$790.0K
Cap Rate 9%
$614,478
$614.5K
Market Conditions
NOI Build-Up for 2,238 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
$85.9K $38.40/SF
− Vacancy
−$6.9K −$3.10/SF
EGI
$79.0K $35.30/SF
− OpEx
−$23.7K −$10.59/SF
NOI
$55.3K $24.71/SF
Area
ZIP 10312
Vacancy
8.07%
Lease Rate
$38.40 /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%
$1,106,060
Cap Rate 7%
$790,043
Cap Rate 9%
$614,478
Alternative Uses
Best Use
Multifamily LT 5
$790.0K
$691.3K – $921.7K
NOI $55,303 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$695.1K
$608.2K – $810.9K
NOI $48,655 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$1.07M
$934.4K – $1.25M
NOI $74,750 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
461
Businesses Nearby
Explore this area
Business Placement
Demographics for 10312, NY
61,642
Population
22,547
Households
2.7
Avg Household Size
43
Median Age
41%
College-Educated
92%
High-School Grad
6.9 sq mi
ZIP Area
8,934
Density / Sq Mi
$111,434
Median Household Income
$62,700
Median Earnings
$1,911
Median Rent
$698,900
Median Home Value
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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 - Legal two-family semi offers updated kitchen and bathrooms, central A/C, and separate systems with a currently rented one-bedroom unit.
Where is this duplex located?
The property is located at 162 Bathgate St Staten Island, NY.
What is the asking price?
The asking price for this property is $930,000.
What are key features of this property?
This property features: Legal 2‑family semi built in 1995 with 2,238 SF interior space (15 X 55).; Updated kitchen with granite countertop and stainless steel appliances.; Central A/C plus separated heating units and hot water heaters for added system separation.
