Semi-Detached Duplex with Finished
For Sale
$720,000
17 Federal Place, Staten Island, NY 10303
MULTI_FAMILY - Staten Island, NY
Property Size2,160 SF
Lot Size0.05 Acres
Price / SF$333.33
Days on Market983
Property Features for 17 Federal Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Interior features
Refrigerator, Stove
Subdivision
Mariners Harbor
Standard status
Active
Size
2,160 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
4200
Building Details
Year built
2012
Floors in Building
3
Number of units
2
Flooring type
Hardwood
Building materials
Masonry
Listing Agency:
Momentum Real Estate LLC
(718) 382-0001
Listed By:
Kevin Lam · License #KL3175
(718) 382-0001
Added: Dec 13, 2023
Changed: Jul 30
Last Checked: Aug 22 at 12:06AM
MLS# 478760
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This semi-detached, 3-story, two-family duplex was built in 2012 and offers two separate living spaces within one masonry structure. The home includes a fully finished basement and a private driveway designed to support parking and storage needs.
The front family unit is laid out across the first through third levels, with living areas on the first level, a second level featuring a living room, dining area, kitchen, and a full bathroom, and a third level with three bedrooms and additional full-bath space. The rear family unit provides separate living with a kitchen/living room combination, a dining area, one bedroom, and a full bathroom.
Interior finishes include hardwood flooring, and the property features a refrigerator and stove. The listing notes the property must be purchased with the current two tenants.
Zoned R5, the lot measures 0.0528 acres and the property size is 2,160 square feet.
The front family unit is laid out across the first through third levels, with living areas on the first level, a second level featuring a living room, dining area, kitchen, and a full bathroom, and a third level with three bedrooms and additional full-bath space. The rear family unit provides separate living with a kitchen/living room combination, a dining area, one bedroom, and a full bathroom.
Interior finishes include hardwood flooring, and the property features a refrigerator and stove. The listing notes the property must be purchased with the current two tenants.
Zoned R5, the lot measures 0.0528 acres and the property size is 2,160 square feet.
Key Highlights
- R5 zoned duplex on a 0.0528‑acre lot
- Semi‑detached 3‑story, 2‑family layout with separate rear unit
- Fully finished basement plus private driveway for parking and storage
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
$53,715
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
7.46%
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%
$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
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
$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 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%
$1,074,300
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.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
272
Businesses Nearby
Explore this area
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
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 - R5 zoned, 3-story, two-family semi-detached duplex built in 2012 with a private driveway and fully finished basement.
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: R5 zoned duplex on a 0.0528‑acre lot; Semi‑detached 3‑story, 2‑family layout with separate rear unit; Fully finished basement plus private driveway for parking and storage
