Duplex with Private
For Sale
$669,999
179 Sandalwood Drive, Staten Island, NY 10308
Residential, Staten Island, NY
Property Size1,350 SF
Lot Size0.05 Acres
Price / SF$496.30
Days on Market80
Property Features for 179 Sandalwood Drive
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-2
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1
Parking features
Off Street
Patio and Porch features
Deck
Appliances
Dryer, Microwave, Refrigerator, Washer
Lot features
Front Yard, Back Yard, Side
Subdivision
Great Kills
Standard status
Active
Size
1,350 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
6143
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Building Details
Year built
1986
Floors in Building
2
Building materials
Brick, Vinyl Siding
Listing Agency:
Village Realty of SI Ltd.
(646) 996-4131
Listed By:
Josephine Tidona
(718) 948-3600
Added: Jun 22
Changed: Sep 8
Last Checked: Sep 9 at 6:06PM
MLS# 2603538
Copyright © 2026 Staten Island Board of Realtors. 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 R3-2 residential property offers 1,350 square feet on a 0.0459-acre lot and was built in 1986. The layout includes three bedrooms, one full bathroom, one half bathroom, a living and dining area, an eat-in kitchen, laundry space, and attic storage. Recent improvements include hardwood flooring upstairs, tiled flooring on the first floor, fresh paint, a newer roof, updated entry doors, and added ventilation intended to improve upper-level air conditioning. Central air, forced-air natural gas heat, and public sewer serve the property.
Outdoor features include a fenced rear yard with wetlands behind it, a deck, shed, side-yard access, and an off-street parking area. The property is located at 179 Sandalwood Drive in Staten Island, New York, within ZIP Code 10308. Appliances include a washer, dryer, refrigerator, and microwave.
Outdoor features include a fenced rear yard with wetlands behind it, a deck, shed, side-yard access, and an off-street parking area. The property is located at 179 Sandalwood Drive in Staten Island, New York, within ZIP Code 10308. Appliances include a washer, dryer, refrigerator, and microwave.
Key Highlights
- 1,350 square feet on a 0.0459‑acre lot
- R3‑2 zoning
- Three bedrooms and 1.5 bathrooms
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
$33,572
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
5.01%
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%
$671,440
$671.4K
Cap Rate 7%
$479,600
$479.6K
Cap Rate 9%
$373,022
$373.0K
Market Conditions
NOI Build-Up for 1,350 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
$50.2K $37.20/SF
− Vacancy
−$2.3K −$1.67/SF
EGI
$48.0K $35.53/SF
− OpEx
−$14.4K −$10.66/SF
NOI
$33.6K $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%
$671,440
Cap Rate 7%
$479,600
Cap Rate 9%
$373,022
Alternative Uses
Best Use
Multifamily LT 5
$479.6K
$419.7K – $559.5K
NOI $33,572 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$427.7K
$374.2K – $499.0K
NOI $29,938 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$644.1K
$563.6K – $751.5K
NOI $45,090 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
407
Businesses Nearby
Explore this area
Business Placement
Demographics for 10308, NY
28,198
Population
11,093
Households
2.5
Avg Household Size
44
Median Age
40%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
12,817
Density / Sq Mi
$122,654
Median Household Income
$67,149
Median Earnings
$1,729
Median Rent
$648,800
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
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Frequently Asked Questions
What type of property is this?
Duplex - Updated interiors, central air, and a fenced rear yard add practical appeal to this residential property.
Where is this duplex located?
The property is located at 179 Sandalwood Drive Staten Island, NY.
What is the asking price?
The asking price for this property is $669,999.
What are key features of this property?
This property features: 1,350 square feet on a 0.0459‑acre lot; R3‑2 zoning; Three bedrooms and 1.5 bathrooms
