Detached Duplex with
For Sale
$1,150,000
Pending
249 10th St, Staten Island, NY 10306
Two legal units offer separate utilities, updated kitchens, private laundry, and flexible basement space.
Property Size2,240 SF
Lot Size0.14 Acres
Days on Market161
Property Features for 249 10th St
General Information
Standard status
Pending
Size
2,240 SF
Lot size
0.14 Acres
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR, 1 x 3BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
wood-burning fireplace
in-ground pool
deck
solar panels
Building Details
Year Built
1960
Buildings
1
Listing Agency:
RE/MAX Elite
Listed By:
Salvatore R Carola
(718) 690-3900
Source:
Statenislandhomelistings
Added: Mar 28
Changed: Sep 2
Last Checked: Sep 2 at 6:31PM
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 RE/MAX Elite
Investment Insights
Based on property information with market context.
This detached duplex contains 2,240 square feet and is arranged as a legal 6-over-5 residence. The first unit includes a living room with a wood-burning fireplace, formal dining room, updated eat-in kitchen, two bedrooms, full bathroom, and laundry room. The upper unit provides three bedrooms, an updated eat-in kitchen, living room, full bathroom, laundry room, and deck access overlooking the backyard.
A full basement adds three finished rooms, a 3/4 bathroom, and a private side entrance. Exterior features include an in-ground pool, paver areas, a spacious deck, backyard space, and a long driveway with off-street parking. The property also has separately metered utilities and owned solar panels. Located near New Dorp Lane, shopping, restaurants, schools, public transportation, trains, and buses.
A full basement adds three finished rooms, a 3/4 bathroom, and a private side entrance. Exterior features include an in-ground pool, paver areas, a spacious deck, backyard space, and a long driveway with off-street parking. The property also has separately metered utilities and owned solar panels. Located near New Dorp Lane, shopping, restaurants, schools, public transportation, trains, and buses.
Key Highlights
- Legal 6‑over‑5 duplex on a 60x100 lot
- 2,240 square feet; built in 1960
- Full basement with 3 finished rooms, a 3/4 bath, and private side entrance
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
$56,900
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
4.95%
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%
$1,138,000
$1.1M
Cap Rate 7%
$812,857
$812.9K
Cap Rate 9%
$632,222
$632.2K
Market Conditions
NOI Build-Up for 2,240 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
$86.0K $38.40/SF
− Vacancy
−$4.7K −$2.11/SF
EGI
$81.3K $36.29/SF
− OpEx
−$24.4K −$10.89/SF
NOI
$56.9K $25.40/SF
Area
ZIP 10306
Vacancy
5.50%
Lease Rate
$38.40 /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%
$1,138,000
Cap Rate 7%
$812,857
Cap Rate 9%
$632,222
Alternative Uses
Best Use
Multifamily LT 5
$812.9K
$711.3K – $948.3K
NOI $56,900 @ 7.0% cap · market cap 4.95%
Second Best
Apartment 5plus
$722.3K
$632.0K – $842.7K
NOI $50,561 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$1.07M
$935.2K – $1.25M
NOI $74,817 @ 7.0% cap · market cap 6.51%
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
1,788
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 legal units offer separate utilities, updated kitchens, private laundry, and flexible basement space.
Where is this duplex located?
The property is located at 249 10th St Staten Island, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Legal 6‑over‑5 duplex on a 60x100 lot; 2,240 square feet; built in 1960; Full basement with 3 finished rooms, a 3/4 bath, and private side entrance
