Brick Duplex With In-Ground
For Sale
Contact for pricing
21 Kerry Lane, Staten Island, NY 10307
Two-level brick duplex with a private secondary entrance, attached garage, pool, and flexible living arrangements.
Property Size3,780 SF
Lot Size0.26 Acres
Price / SF$373.02
Days on Market159
Property Features for 21 Kerry Lane
General Information
Standard status
Active
Size
3,780 SF
Total Parking Spaces
2
Lot size
0.26 Acres
Property subtype
Multifamily
Zoning
R3X
Units
Unit Mix
1 x 4BR/2.5BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
central air conditioning
in-ground pool
Building Details
Year Built
1993
Buildings
1
Stories
2
Units
2
Construction
brick Colonial
Listing Agency:
casandra properties
(718) 702-4991
Listed By:
Victor Salvo · License #10401358595
Source:
Crexi
Added: Mar 26
Changed: Aug 29
Last Checked: Aug 29 at 11:57PM
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 casandra properties
Investment Insights
Based on property information with market context.
This brick duplex, built in 1993, occupies a corner parcel and provides approximately 3,780 square feet across two floors. The primary residence includes four bedrooms, three bathrooms, formal living and dining rooms, a family room, and an eat-in kitchen connected to the backyard. A separate entrance serves the second unit, which offers two bedrooms, one full bathroom, a living room, and a full kitchen. Central air conditioning, an in-ground pool, and a built-in two-car garage add practical functionality.
The property sits on an approximately 11,224-square-foot parcel with a 54-by-35 footprint. Its corner position provides additional outdoor space and privacy, while the backyard supports recreation and entertaining. The property is zoned R3X and is located at 21 Kerry Lane in Staten Island, New York.
The property sits on an approximately 11,224-square-foot parcel with a 54-by-35 footprint. Its corner position provides additional outdoor space and privacy, while the backyard supports recreation and entertaining. The property is zoned R3X and is located at 21 Kerry Lane in Staten Island, New York.
Key Highlights
- Two‑family brick Colonial built in 1993
- Approximately 3,780 SF across two floors
- Primary residence with 4 bedrooms and 3 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
$94,002
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
6.67%
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%
$1,880,040
$1.9M
Cap Rate 7%
$1,342,886
$1.3M
Cap Rate 9%
$1,044,467
$1.0M
Market Conditions
NOI Build-Up for 3,780 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
$140.6K $37.20/SF
− Vacancy
−$6.3K −$1.67/SF
EGI
$134.3K $35.53/SF
− OpEx
−$40.3K −$10.66/SF
NOI
$94.0K $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%
$1,880,040
Cap Rate 7%
$1,342,886
Cap Rate 9%
$1,044,467
Alternative Uses
Best Use
Multifamily LT 5
$1.34M
$1.18M – $1.57M
NOI $94,002 @ 7.0% cap · market cap 6.67%
Second Best
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $83,825 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,253 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
590
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 - Two-level brick duplex with a private secondary entrance, attached garage, pool, and flexible living arrangements.
Where is this duplex located?
The property is located at 21 Kerry Lane Staten Island, NY.
What is the asking price?
The asking price for this property is $1,410,000.
What are key features of this property?
This property features: Two‑family brick Colonial built in 1993; Approximately 3,780 SF across two floors; Primary residence with 4 bedrooms and 3 bathrooms
