Spacious Staten Island Two-Family
For Sale
$720,000
17 Federal Place, Staten Island, NY 10303
Semi-detached, 3-story, 2-family home in Arlington, Staten Island.
Property Size2,160 SF
Price / SF$333.33
Days on Market1030
Property Features for 17 Federal Place
General Information
Standard status
Active
Size
2,160 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$4,200
Building Details
Year Built
2012
Listing Agency:
Momentum Real Estate LLC
Listed By:
Kevin Lam · License #KL3175
(718) 382-0001
Source:
Exitrealty
Added: Dec 27, 2023
Changed: Sep 29
Last Checked: Sep 29 at 6:44AM
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 Momentum Real Estate LLC
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Investment Insights
Based on property information with market context.
Located in Arlington, Staten Island, this semi-detached, 3-story, 2-family home offers a blend of comfort and convenience. The property features a private driveway and a fully finished basement. The main family unit, situated at the front of the home, includes a living space on the first level with storage options. The second floor features a living room, dining area, kitchen, and a full bathroom. The third level offers three bedrooms. The second family unit at the rear of the home provides a separate living space, comprising a kitchen/living room combination and a dining area, along with one bedroom and a full bathroom. The property is situated near the Staten Island Expressway, providing access to Newark Liberty International Airport. Mariner's Marsh Park is nearby, as are shops, restaurants, and transportation options. The property is currently occupied by two tenants.
Key Highlights
- Two‑family home with separate units offering flexibility.
- Convenient location near the Staten Island Expressway, providing easy access to Newark Liberty International Airport.
- Spacious 3‑story layout with three bedrooms in the main unit.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,715
Cap Rate
7.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,074,300
$1.1M
Cap Rate 7%
$767,357
$767.4K
Cap Rate 9%
$596,833
$596.8K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$80.4K $37.20/SF
− Vacancy
−$3.6K −$1.67/SF
EGI
$76.7K $35.53/SF
− OpEx
−$23.0K −$10.66/SF
NOI
$53.7K $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 Rate 5%
$1,074,300
Cap Rate 7%
$767,357
Cap Rate 9%
$596,833
Alternative Uses
Best Use
Multifamily LT 5
$767.4K
$671.4K – $895.3K
NOI $53,715 @ 7.0% cap · market cap 7.46%
Second Best
Apartment 5plus
$684.3K
$598.8K – $798.3K
NOI $47,900 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$1.03M
$901.8K – $1.20M
NOI $72,144 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Location Intelligence
Trade Area within ½ mile
272
Businesses Nearby
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Business Placement
Demographics for 10303, NY
28,155
Population
9,580
Households
2.9
Avg Household Size
34
Median Age
30%
College-Educated
83%
High-School Grad
3.2 sq mi
ZIP Area
8,798
Density / Sq Mi
$79,429
Median Household Income
$49,072
Median Earnings
$1,520
Median Rent
$457,600
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
Frequently Asked Questions
What type of property is this?
Duplex - Semi-detached, 3-story, 2-family home in Arlington, Staten Island.
Where is this duplex located?
The property is located at 17 Federal Place Staten Island, NY.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Two‑family home with separate units offering flexibility.; Convenient location near the Staten Island Expressway, providing easy access to Newark Liberty International Airport.; Spacious 3‑story layout with three bedrooms in the main unit.
