Two-Family Home 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
Other
Zoning description
Residential
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 2
Patio and Porch features
Patio
Fencing
Fenced
Subdivision
New Dorp
Directions
Amboy Rd to Rose Ave, Rose Ave to 1st St.
Standard status
Active
Size
1,856 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
7880
Utilities
Heating system
Hot Water(Heating), Natural Gas, Electric (Heating)
Amenities
large front porch
outdoor balcony
peaceful backyard
Building Details
Year built
1899
Floors in Building
2
Building materials
Stucco
Listing Agency:
RED DOOR REALTY GROUP
(718) 987-3667
Listed By:
Daniel Fausak
Added: Jan 29
Changed: Aug 3
Last Checked: Aug 24 at 4:06PM
MLS# 11639754
Copyright © 2026 My State MLS. 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 two-family home offers two separate living levels with well-defined layouts and multiple finished interior spaces. Unit 1 includes the first floor plus a finished basement, providing two bedrooms and two bathrooms, along with a renovated kitchen and renovated bathrooms. The finished basement is set up as a family room/entertainment area, and the unit has an in-unit washer and dryer. Unit 2 spans the second and third floors and features two bedrooms and one bathroom, with a bright living area, access to an outdoor balcony, and a third-floor finished attic currently used as an entertainment area and home office.
The property is located at 19 1st Street in Staten Island’s New Dorp area, on a quiet residential block. Exterior features include a large front porch, an attached two-car garage, and a low-maintenance backyard.
With one unit described as currently occupied and the option to be delivered vacant or fully occupied, the home can fit either an owner-occupant or an investor seeking a flexible setup. The combination of multi-level living, finished basement/attic space, and in-unit laundry in Unit 1 supports a practical long-term tenant experience.
The property is located at 19 1st Street in Staten Island’s New Dorp area, on a quiet residential block. Exterior features include a large front porch, an attached two-car garage, and a low-maintenance backyard.
With one unit described as currently occupied and the option to be delivered vacant or fully occupied, the home can fit either an owner-occupant or an investor seeking a flexible setup. The combination of multi-level living, finished basement/attic space, and in-unit laundry in Unit 1 supports a practical long-term tenant experience.
Key Highlights
- Two‑family home built in 1899 with stucco construction and multiple levels of living space
- Unit 1 (1st floor + finished basement): 2BR, 2BA, fully finished basement family/entertainment space, and in‑unit washer/dryer
- Unit 1: updated kitchen and renovated bathrooms; currently occupied by reliable tenants
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 - Two-unit Staten Island residence with attached two-car garage, private outdoor space, and a finished basement and attic.
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: Two‑family home built in 1899 with stucco construction and multiple levels of living space; Unit 1 (1st floor + finished basement): 2BR, 2BA, fully finished basement family/entertainment space, and in‑unit washer/dryer; Unit 1: updated kitchen and renovated bathrooms; currently occupied by reliable tenants
