Duplex Home with Off-Street
For Sale
Contact for pricing
224 Freeborn Street, Staten Island, NY 10306
Two-family duplex built in 1975 featuring private outdoor space and off-street parking.
Property Size960 SF
Price / SF$570.83
Days on Market10
Property Features for 224 Freeborn Street
General Information
Standard status
Active
Size
960 SF
Property subtype
Multifamily
Building Details
Year Built
1975
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Precious Properties Corp.
Listed By:
Tianting Huang · License #10301213479
Source:
Crexi
Added: Jul 24
Changed: Jul 30
Last Checked: Aug 1 at 12:34PM
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 Precious Properties Corp.
Investment Insights
Based on property information with market context.
This two-family duplex offers a practical layout designed for flexible living and rental income. Each unit includes a spacious living room and kitchen on the first floor, with a private bedroom and full bathroom on the second floor to create a clear separation between living and sleeping areas. The property also includes private outdoor space and plenty of off-street parking.
Set at 224 Freeborn Street in Staten Island, the home is conveniently located just minutes from Midland Beach and close to shopping, restaurants, schools, parks, and public transportation. Express buses to Manhattan are also nearby.
The building was constructed in 1975 and has an overall size of 960. Off-street parking and the private outdoor area provide everyday convenience for residents.
Set at 224 Freeborn Street in Staten Island, the home is conveniently located just minutes from Midland Beach and close to shopping, restaurants, schools, parks, and public transportation. Express buses to Manhattan are also nearby.
The building was constructed in 1975 and has an overall size of 960. Off-street parking and the private outdoor area provide everyday convenience for residents.
Key Highlights
- Two‑family duplex layout with living room and kitchen on the first floor
- Second‑floor private bedroom and full bathroom in each unit
- Private outdoor space plus plenty of off‑street parking
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.9k | $38.40 |
| − Vacancy | −$2.0k | −$2.11 |
| EGI | $34.8k | $36.29 |
| − OpEx | −$10.5k | −$10.89 |
| NOI | $24.4k | $25.40 |
960 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$348.4K
$304.8K – $406.4K
NOI $24,386 @ 7.0% cap · market cap 4.45%
Second Best
Apartment 5plus
$309.6K
$270.9K – $361.2K
NOI $21,669 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$458.1K
$400.8K – $534.4K
NOI $32,064 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
740
Businesses Nearby
Explore this area
Business Placement
Demographics for 10306, NY
57,919
Population
21,299
Households
2.7
Avg Household Size
43
Median Age
34%
College-Educated
88%
High-School Grad
7.2 sq mi
ZIP Area
8,044
Density / Sq Mi
$97,746
Median Household Income
$54,052
Median Earnings
$1,743
Median Rent
$675,400
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-family duplex built in 1975 featuring private outdoor space and off-street parking.
Where is this duplex located?
The property is located at 224 Freeborn Street Staten Island, NY.
What is the asking price?
The asking price for this property is $548,000.
What are key features of this property?
This property features: Two‑family duplex layout with living room and kitchen on the first floor; Second‑floor private bedroom and full bathroom in each unit; Private outdoor space plus plenty of off‑street parking
