Two-Family High-Ranch
For Sale
$1,099,900
Pending
201 Arlene St, Staten Island, NY 10314
Renovated two-family residence with separate 1-bedroom and 3-bedroom living spaces, plus basement utility and backyard pool.
Property Size2,916 SF
Days on Market117
Property Features for 201 Arlene St
General Information
Standard status
Pending
Size
2,916 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1970
Year Renovated
2019
Tenancy
Multi
Listing Agency:
Homes R Us Realty of NY, Inc.
Listed By:
Gennady Gary Papirov · License #30PA0885250
(917) 856-2012
Source:
Statenislandhomelistings
Added: May 17
Changed: Sep 9
Last Checked: Sep 9 at 11:20AM
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 Homes R Us Realty of NY, Inc.
Investment Insights
Based on property information with market context.
201 Arlene Street is a spacious two-family high-ranch home configured as a main 3-bedroom unit and a separate side 1-bedroom apartment. The main level offers a bright, open layout with a large family room on the first floor that provides direct access to the backyard. Additional basement space is available for recreation, storage, or extended living. The side apartment is fully renovated and includes its own basement area, supporting flexibility for rental use or multi-generational living.
The property has been well maintained with updates throughout, including new roof work with plywood replacement in 2019. Interior improvements include updated kitchens and bathrooms for both units. Outside, there is a paved driveway and a finished backyard featuring a saltwater, above-ground pool.
This home is well suited for buyers looking for a live-in arrangement with an additional, separately configured apartment, or for purchasers seeking a residential income property with substantial, finished interior space. With two renovated units, separate basement areas, and outdoor recreation space, the layout supports multiple household needs while keeping day-to-day usability straightforward.
The property has been well maintained with updates throughout, including new roof work with plywood replacement in 2019. Interior improvements include updated kitchens and bathrooms for both units. Outside, there is a paved driveway and a finished backyard featuring a saltwater, above-ground pool.
This home is well suited for buyers looking for a live-in arrangement with an additional, separately configured apartment, or for purchasers seeking a residential income property with substantial, finished interior space. With two renovated units, separate basement areas, and outdoor recreation space, the layout supports multiple household needs while keeping day-to-day usability straightforward.
Key Highlights
- Two‑family high‑ranch home built in 1970 with separate main and side units
- Main unit offers 3 bedrooms and 2 fully renovated bathrooms, plus a large family room with direct backyard access
- Side apartment is a fully renovated 1‑bedroom unit with its own basement area
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
$79,533
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
7.23%
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%
$1,590,660
$1.6M
Cap Rate 7%
$1,136,186
$1.1M
Cap Rate 9%
$883,700
$883.7K
Market Conditions
NOI Build-Up for 2,916 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
$119.0K $40.80/SF
− Vacancy
−$5.4K −$1.84/SF
EGI
$113.6K $38.96/SF
− OpEx
−$34.1K −$11.69/SF
NOI
$79.5K $27.27/SF
Area
ZIP 10314
Vacancy
4.50%
Lease Rate
$40.80 /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%
$1,590,660
Cap Rate 7%
$1,136,186
Cap Rate 9%
$883,700
Alternative Uses
Best Use
Multifamily LT 5
$1.14M
$994.2K – $1.33M
NOI $79,533 @ 7.0% cap · market cap 7.23%
Second Best
Apartment 5plus
$1.05M
$921.9K – $1.23M
NOI $73,749 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,395 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,030
Businesses Nearby
Explore this area
Business Placement
Demographics for 10314, NY
92,157
Population
33,554
Households
2.7
Avg Household Size
41
Median Age
37%
College-Educated
89%
High-School Grad
13.0 sq mi
ZIP Area
7,089
Density / Sq Mi
$104,655
Median Household Income
$58,769
Median Earnings
$1,726
Median Rent
$665,500
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 - Renovated two-family residence with separate 1-bedroom and 3-bedroom living spaces, plus basement utility and backyard pool.
Where is this duplex located?
The property is located at 201 Arlene St Staten Island, NY.
What is the asking price?
The asking price for this property is $1,099,900.
What are key features of this property?
This property features: Two‑family high‑ranch home built in 1970 with separate main and side units; Main unit offers 3 bedrooms and 2 fully renovated bathrooms, plus a large family room with direct backyard access; Side apartment is a fully renovated 1‑bedroom unit with its own basement area
