Residential Income Duplex with
For Sale
Contact for pricing
Pending
212 Gervil Street, Staten Island, NY 10309
Duplex-style property features a main residence plus a separate one-bedroom apartment, with off-street parking and private outdoor space.
Property Size2,496 SF
Days on Market71
Property Features for 212 Gervil Street
General Information
Standard status
Pending
Size
2,496 SF
Property subtype
Multifamily
Zoning
R3-1
Building Details
Year Built
1986
Stories
2
Units
2
Listing Agency:
Tom Crimmins Realty, Ltd.
(718) 370-3200
Listed By:
Steven Schwab · License #10401349960
Source:
Crexi
Added: Jun 16
Changed: Aug 8
Last Checked: Jul 24 at 1:39PM
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 Tom Crimmins Realty, Ltd.
Investment Insights
Based on property information with market context.
This for-sale residential income property at 212 Gervil Street includes a main residence and a separate one-bedroom apartment. The entry level has a garage, a generous family room with sliding doors to the backyard, and a finished, high-ceiling basement with an additional half bathroom. The upper level offers an open-concept living and dining area flowing into the kitchen, along with three bedrooms and a primary bedroom with direct access to a full bathroom. The separate one-bedroom apartment has its own utilities, providing flexibility for extended family use or rental occupancy.
The property includes an expansive concrete yard designed for low maintenance, with outdoor space suitable for gatherings and everyday enjoyment. Multiple driveways provide off-street parking. The home is described as conveniently located near shopping, restaurants, transportation, major roadways, and everyday amenities.
For tenants, buyers, or owner-occupants seeking a dual-configuration setup, the layout supports comfortable living with additional finished basement space and a separate apartment that can be managed independently due to its own utilities. Off-street parking and private backyard space add practicality for daily routines, while the overall configuration offers multiple ways to use the property.
The property includes an expansive concrete yard designed for low maintenance, with outdoor space suitable for gatherings and everyday enjoyment. Multiple driveways provide off-street parking. The home is described as conveniently located near shopping, restaurants, transportation, major roadways, and everyday amenities.
For tenants, buyers, or owner-occupants seeking a dual-configuration setup, the layout supports comfortable living with additional finished basement space and a separate apartment that can be managed independently due to its own utilities. Off-street parking and private backyard space add practicality for daily routines, while the overall configuration offers multiple ways to use the property.
Key Highlights
- Duplex‑style setup with a main residence plus a separate one‑bedroom apartment
- Year built: 1986
- Entry level includes a garage and a family room with sliding doors to the backyard
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
$62,071
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
7.48%
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%
$1,241,420
$1.2M
Cap Rate 7%
$886,729
$886.7K
Cap Rate 9%
$689,678
$689.7K
Market Conditions
NOI Build-Up for 2,496 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
$92.9K $37.20/SF
− Vacancy
−$4.2K −$1.67/SF
EGI
$88.7K $35.53/SF
− OpEx
−$26.6K −$10.66/SF
NOI
$62.1K $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%
$1,241,420
Cap Rate 7%
$886,729
Cap Rate 9%
$689,678
Alternative Uses
Best Use
Multifamily LT 5
$886.7K
$775.9K – $1.03M
NOI $62,071 @ 7.0% cap · market cap 7.48%
Second Best
Apartment 5plus
$790.7K
$691.9K – $922.5K
NOI $55,351 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,367 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
475
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
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 - Duplex-style property features a main residence plus a separate one-bedroom apartment, with off-street parking and private outdoor space.
Where is this duplex located?
The property is located at 212 Gervil Street Staten Island, NY.
What is the asking price?
The asking price for this property is $829,999.
What are key features of this property?
This property features: Duplex‑style setup with a main residence plus a separate one‑bedroom apartment; Year built: 1986; Entry level includes a garage and a family room with sliding doors to the backyard
