Two-Family Detached
For Sale
$1,488,888
197 Finlay Street, Staten Island, NY 10307
New two-family residence with open-concept main living and a separate 1-bedroom, 1-bath apartment for flexible occupancy.
Property Size2,917 SF
Days on Market85
Property Features for 197 Finlay Street
General Information
Standard status
Active
Size
2,917 SF
Total Parking Spaces
1
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Building Details
Building Size
2,917 SF
Year Built
2026
Units
2
Tenancy
Multi
Listing Agency:
Coldwell Banker Advantage
(718) 447-3000
Listed By:
Cristina Dattolo
(718) 447-3000
Source:
Cohenandcohenrealty
Added: Jun 1
Changed: Aug 23
Last Checked: Aug 23 at 5:01AM
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 Coldwell Banker Advantage
Investment Insights
Based on property information with market context.
New construction two-family detached home designed around spacious, open-concept living. The main residence offers 4 bedrooms and 4 bathrooms, with soaring ceilings, custom millwork and designer moldings, recessed lighting, and wide-plank hardwood floors. A dramatic entry foyer features a custom staircase with wrought iron spindles. The oversized living and dining area flows into a chef’s kitchen with custom white cabinetry, quartz countertops, stainless steel appliances, a decorative tile backsplash, and a vented hood. An impressive navy center island supports entertaining, and a fireplace adds warmth to the main living space. Sliding glass doors bring natural light and provide access to outdoor space.
The property is situated in Tottenville, just moments from the waterfront and within a short distance of Conference House Park. The area is described as near parks, shopping, dining, and transportation. BikeScore is 42 (Somewhat Bikeable), WalkScore is 34 (Car-Dependent), and TransitScore is 47 (Some Transit).
The layout includes a spacious 1-bedroom, 1-bath apartment, which can support extended family, guest use, or additional income while keeping the main residence’s living space fully separate. As a newly built detached two-family home, it offers a turnkey configuration for owner-occupants or buyers seeking a flexible home with two distinct living units.
The property is situated in Tottenville, just moments from the waterfront and within a short distance of Conference House Park. The area is described as near parks, shopping, dining, and transportation. BikeScore is 42 (Somewhat Bikeable), WalkScore is 34 (Car-Dependent), and TransitScore is 47 (Some Transit).
The layout includes a spacious 1-bedroom, 1-bath apartment, which can support extended family, guest use, or additional income while keeping the main residence’s living space fully separate. As a newly built detached two-family home, it offers a turnkey configuration for owner-occupants or buyers seeking a flexible home with two distinct living units.
Key Highlights
- New construction 2‑family detached home in Tottenville with open‑concept main living plus a separate 1‑bedroom, 1‑bath apartment
- Main residence offers 4 bedrooms and 4 bathrooms with soaring ceilings and wide‑plank hardwood floors
- Chef’s kitchen includes custom white cabinetry, quartz countertops, stainless steel appliances, decorative tile backsplash, and a vented hood
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
$72,541
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
4.87%
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%
$1,450,820
$1.5M
Cap Rate 7%
$1,036,300
$1.0M
Cap Rate 9%
$806,011
$806.0K
Market Conditions
NOI Build-Up for 2,917 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
$108.5K $37.20/SF
− Vacancy
−$4.9K −$1.67/SF
EGI
$103.6K $35.53/SF
− OpEx
−$31.1K −$10.66/SF
NOI
$72.5K $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%
$1,450,820
Cap Rate 7%
$1,036,300
Cap Rate 9%
$806,011
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$906.8K – $1.21M
NOI $72,541 @ 7.0% cap · market cap 4.87%
Second Best
Apartment 5plus
$924.1K
$808.6K – $1.08M
NOI $64,687 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,428 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
352
Businesses Nearby
Explore this area
Business Placement
Demographics for 10307, NY
14,129
Population
5,390
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
90%
High-School Grad
1.6 sq mi
ZIP Area
8,831
Density / Sq Mi
$138,807
Median Household Income
$74,211
Median Earnings
$1,618
Median Rent
$799,100
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 - New two-family residence with open-concept main living and a separate 1-bedroom, 1-bath apartment for flexible occupancy.
Where is this duplex located?
The property is located at 197 Finlay Street Staten Island, NY.
What is the asking price?
The asking price for this property is $1,488,888.
What are key features of this property?
This property features: New construction 2‑family detached home in Tottenville with open‑concept main living plus a separate 1‑bedroom, 1‑bath apartment; Main residence offers 4 bedrooms and 4 bathrooms with soaring ceilings and wide‑plank hardwood floors; Chef’s kitchen includes custom white cabinetry, quartz countertops, stainless steel appliances, decorative tile backsplash, and a vented hood
