Duplex with Separate One-Bedroom
For Sale
$829,999
Pending
212 Gervil Street, Staten Island, NY 10309
MULTI_FAMILY - Staten Island, NY
Property Size2,496 SF
Lot Size0.08 Acres
Days on Market71
Property Features for 212 Gervil Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3-1
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 4
Parking features
Garage, Driveway
Patio and Porch features
Patio
Fencing
Chain Link, Fenced
Basement
Finished, Full
Lot features
Front Yard, Back Yard
Subdivision
Woodrow
Standard status
Pending
APN
07034-0057
Size
2,496 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
8903
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Amenities
garage
private backyard
Building Details
Year built
1986
Floors in Building
2
Number of units
2
Building materials
Brick, Vinyl Siding
Listing Agency:
Tom Crimmins Realty, Ltd.
(718) 370-3200
Listed By:
Steven Schwab · License #10401349960
(718) 370-3200
Added: Jun 15
Changed: Aug 18
Last Checked: Aug 24 at 7:06PM
MLS# 2603358
Copyright © 2026 Staten Island Board of Realtors. 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.
212 Gervil Street is a duplex-style multi-family property built in 1986 with brick construction and vinyl siding. The entry level includes a garage and a family room with sliding doors that lead to the backyard. The upper level features an open living and dining area flowing into the kitchen, along with three bedrooms and a primary bedroom that has direct access to a full bathroom.
The fully finished basement adds additional living space with high ceilings and a half bathroom. A separate one-bedroom apartment with its own utilities provides flexibility for extended family living or rental use. Outside, the property offers a private, low-maintenance yard and a patio, with fenced chain-link perimeter fencing.
The home is served by public sewer, with natural gas forced-air heating and central air conditioning. Parking includes a garage and multiple driveways for off-street parking. The lot is 0.0803 acres and the property size is 2,496 square feet.
The fully finished basement adds additional living space with high ceilings and a half bathroom. A separate one-bedroom apartment with its own utilities provides flexibility for extended family living or rental use. Outside, the property offers a private, low-maintenance yard and a patio, with fenced chain-link perimeter fencing.
The home is served by public sewer, with natural gas forced-air heating and central air conditioning. Parking includes a garage and multiple driveways for off-street parking. The lot is 0.0803 acres and the property size is 2,496 square feet.
Key Highlights
- Separate one‑bedroom apartment with its own utilities
- Lot size: 0.0803 acres; property size: 2,496 square feet
- Zoned R3‑1
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
Lease Details
2
Residential units
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 in R3-1 zoning with a separate one-bedroom apartment and its own utilities, plus a finished basement and backyard patio.
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: Separate one‑bedroom apartment with its own utilities; Lot size: 0.0803 acres; property size: 2,496 square feet; Zoned R3‑1
