Duplex with Attached Two-Car
For Sale
$1,020,000
19 1st Street, Staten Island, NY 10306
MULTI_FAMILY - Staten Island, NY
Property Size1,856 SF
Lot Size0.07 Acres
Price / SF$549.57
Days on Market207
Property Features for 19 1st Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3X
Bedrooms
4
Bathrooms
5
Full bathrooms
3
Rooms
Bedroom 2, Bathroom 5, Bedroom 3, Bedroom 4, Bathroom 3, Bathroom 2, Bedroom 1, Bathroom 4, Bathroom 1
Parking features
Off Street, On Street
Patio and Porch features
Patio
Exterior features
Balcony
Fencing
Fenced
Basement
Finished, Full
Lot features
Back Yard
Subdivision
New Dorp
Standard status
Active
APN
04190-0008
Size
1,856 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
7880
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Electric (Heating), Natural Gas
Building Details
Year built
1899
Floors in Building
2
Number of units
2
Building materials
Stucco
Listing Agency:
Red Door Realty Group
(718) 987-3667
Listed By:
Stephen A Loffredo
(718) 987-3667
Added: Jan 29
Changed: Aug 2
Last Checked: Aug 24 at 7:06PM
MLS# 2600554
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 duplex offers two separate units with flexible living space. Unit 1 features two bedrooms and two bathrooms on the first floor with a finished basement, updated kitchen, renovated bathrooms, and in-unit washer and dryer. Unit 2 spans the second and third floors with two bedrooms and one bathroom, plus a large living area with multiple windows, access to a balcony, and a finished attic used as an entertainment area and home office.
The property includes an attached two-car garage, a fenced backyard, and a patio. Built in 1899, it is served by public sewer and has hot water, electric, and natural gas heating.
The lot size is 0.0666 acres, and the property size is 1,856 square feet.
The property includes an attached two-car garage, a fenced backyard, and a patio. Built in 1899, it is served by public sewer and has hot water, electric, and natural gas heating.
The lot size is 0.0666 acres, and the property size is 1,856 square feet.
Key Highlights
- R3X zoning
- Two units with in‑unit washer and dryer in Unit 1
- Attached two‑car 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
$47,145
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
4.62%
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%
$942,900
$942.9K
Cap Rate 7%
$673,500
$673.5K
Cap Rate 9%
$523,833
$523.8K
Market Conditions
NOI Build-Up for 1,856 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
$71.3K $38.40/SF
− Vacancy
−$3.9K −$2.11/SF
EGI
$67.4K $36.29/SF
− OpEx
−$20.2K −$10.89/SF
NOI
$47.1K $25.40/SF
Area
ZIP 10306
Vacancy
5.50%
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%
$942,900
Cap Rate 7%
$673,500
Cap Rate 9%
$523,833
Alternative Uses
Best Use
Multifamily LT 5
$673.5K
$589.3K – $785.8K
NOI $47,145 @ 7.0% cap · market cap 4.62%
Second Best
Apartment 5plus
$598.5K
$523.7K – $698.2K
NOI $41,894 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$885.6K
$774.9K – $1.03M
NOI $61,991 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,699
Businesses Nearby
Explore this area
Business Placement
Demographics for 10306, NY
57,919
Population
21,299
Households
2.7
Avg Household Size
43
Median Age
34%
College-Educated
88%
High-School Grad
7.2 sq mi
ZIP Area
8,044
Density / Sq Mi
$97,746
Median Household Income
$54,052
Median Earnings
$1,743
Median Rent
$675,400
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 - Duplex in R3X zoning with two bedrooms per unit, attached two-car garage, and in-unit washer and dryer.
Where is this duplex located?
The property is located at 19 1st Street Staten Island, NY.
What is the asking price?
The asking price for this property is $1,020,000.
What are key features of this property?
This property features: R3X zoning; Two units with in‑unit washer and dryer in Unit 1; Attached two‑car garage
