Detached Duplex with
New
For Sale
$888,000
21 Murray Street, Staten Island, NY 10309
Residential, Staten Island, NY
Property Size1,900 SF
Lot Size0.17 Acres
Price / SF$467.37
Days on Market4
Property Features for 21 Murray Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3X
Bedrooms
4
Bathrooms
3
Full bathrooms
1
Rooms
Bathroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 1
Parking features
Offsite
Interior features
A/C Unit, Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer
Basement
Finished
Subdivision
Tottenville
Standard status
Active
Size
1,900 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
4421
Amenities
Modern kitchens and baths
basement
beautiful yard
Building Details
Floors in Building
3
Number of units
2
Flooring type
Carpet, Hardwood, Tile
Building materials
Wood Frame
Roof type
Shingle
Listing Agency:
Volpe Realty
(718) 356-9200
Listed By:
Debra Ann Neglia · License #10491202006
(917) 887-5923
Added: Oct 2
Changed: Oct 4
Last Checked: Oct 5 at 4:06AM
MLS# 504980
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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 detached duplex contains 1,900 square feet on a 0.1711-acre lot and includes a basement and yard. The property has two kitchens and two baths described as modern, along with tile, carpet, and hardwood flooring. Interior appliances include a dishwasher, refrigerator, stove, microwave, washer, dryer, and an air-conditioning unit. The first floor has a three-room rental. Zoning is R3X.
The home is on a residential dead-end street in Staten Island, minutes from major shopping and transportation. Parking is listed as offsite.
The home is on a residential dead-end street in Staten Island, minutes from major shopping and transportation. Parking is listed as offsite.
Key Highlights
- Two‑family detached residence with a first‑floor, three‑room rental
- 1,900 square feet on a 0.1711‑acre lot
- Basement and yard
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
$47,250
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
5.32%
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%
$945,000
$945.0K
Cap Rate 7%
$675,000
$675.0K
Cap Rate 9%
$525,000
$525.0K
Market Conditions
NOI Build-Up for 1,900 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
$70.7K $37.20/SF
− Vacancy
−$3.2K −$1.67/SF
EGI
$67.5K $35.53/SF
− OpEx
−$20.2K −$10.66/SF
NOI
$47.2K $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%
$945,000
Cap Rate 7%
$675,000
Cap Rate 9%
$525,000
Alternative Uses
Best Use
Multifamily LT 5
$675.0K
$590.6K – $787.5K
NOI $47,250 @ 7.0% cap · market cap 5.32%
Second Best
Apartment 5plus
$601.9K
$526.7K – $702.2K
NOI $42,134 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$906.6K
$793.3K – $1.06M
NOI $63,460 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
785
Businesses Nearby
Explore this area
Business Placement
Demographics for 10309, NY
33,523
Population
12,770
Households
2.6
Avg Household Size
41
Median Age
40%
College-Educated
92%
High-School Grad
7.3 sq mi
ZIP Area
4,592
Density / Sq Mi
$123,638
Median Household Income
$67,348
Median Earnings
$1,907
Median Rent
$745,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - A yard, updated kitchens and baths, and a first-floor rental add practical features to this two-family residence.
Where is this duplex located?
The property is located at 21 Murray Street Staten Island, NY.
What is the asking price?
The asking price for this property is $888,000.
What are key features of this property?
This property features: Two‑family detached residence with a first‑floor, three‑room rental; 1,900 square feet on a 0.1711‑acre lot; Basement and yard
