Three-Level Colonial Single-Family
For Sale
$949,000
Pending
25 Furness Place, Staten Island, NY 10314
SINGLE_FAMILY - Colonial - Staten Island, NY
Property Size1,688 SF
Lot Size0.06 Acres
Days on Market76
Property Features for 25 Furness Place
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-1
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 1
Parking features
On Street, Driveway
Patio and Porch features
Patio, Deck
Interior features
Fireplace
Fencing
Fenced
Fireplace
1
Appliances
Dishwasher
Lot features
Front Yard, Back Yard, Side
Subdivision
New Springville
Standard status
Pending
Size
1,688 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
6999
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
1981
Floors in Building
3
Building materials
Stone, Vinyl Siding
Architectural style
Colonial
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Rosa La Barbera · License #40LA0903667
(917) 804-7716
Added: May 26
Changed: Aug 2
Last Checked: Aug 9 at 10:06PM
MLS# 2602951
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.
25 Furness Place is a maintained three-level colonial single-family home featuring four bedrooms and three bathrooms, plus an attic for additional storage and an attached garage. The layout includes a family room and full bath with a laundry area on the first level, a living/dining combination and eat-in kitchen with a fireplace, pantry, and sliding glass door to the deck on the second level, and a primary bedroom with direct access to a full bath along with two additional bedrooms and a full bath on the third level.
The home includes upgrades and improvements such as a 50-year warranty roof installed in 2017, two-zone heating and central air installed in 2025, a water heater installed in 2024, a newer 2019 full bath with skylight, and newly installed wood floors on the second floor. Exterior features include front and backyard pavers, along with GE Profile appliances and window treatments that stay with the property.
Additional conveniences include side access and a maintenance-free backyard. The property is located in New Springville near shopping plazas and SI Mall, with access to transportation and expressways to Brooklyn, Manhattan, and NJ.
The home includes upgrades and improvements such as a 50-year warranty roof installed in 2017, two-zone heating and central air installed in 2025, a water heater installed in 2024, a newer 2019 full bath with skylight, and newly installed wood floors on the second floor. Exterior features include front and backyard pavers, along with GE Profile appliances and window treatments that stay with the property.
Additional conveniences include side access and a maintenance-free backyard. The property is located in New Springville near shopping plazas and SI Mall, with access to transportation and expressways to Brooklyn, Manhattan, and NJ.
Key Highlights
- 4‑bedroom, 3‑bath one‑family semi on 3 levels with garage and attic storage
- Central air (2025) with 2‑zone heating; natural gas forced‑air system
- Upgraded roof with 50‑year warranty installed in 2017
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
$42,692
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
4.50%
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%
$853,840
$853.8K
Cap Rate 7%
$609,886
$609.9K
Cap Rate 9%
$474,356
$474.4K
Market Conditions
NOI Build-Up for 1,688 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
$81.0K $48.00/SF
− Vacancy
−$3.4K −$2.02/SF
EGI
$77.6K $45.98/SF
− OpEx
−$34.9K −$20.69/SF
NOI
$42.7K $25.29/SF
Area
ZIP 10314
Vacancy
4.20%
Lease Rate
$48.00 /SF/Yr
Expense Ratio
45.00%
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%
$853,840
Cap Rate 7%
$609,886
Cap Rate 9%
$474,356
Alternative Uses
Best Use
Apartment 5plus
$609.9K
$533.7K – $711.5K
NOI $42,692 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$805.4K
$704.8K – $939.7K
NOI $56,380 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
496
Businesses Nearby
Explore this area
Business Placement
Demographics for 10314, NY
92,157
Population
33,554
Households
2.7
Avg Household Size
41
Median Age
37%
College-Educated
89%
High-School Grad
13.0 sq mi
ZIP Area
7,089
Density / Sq Mi
$104,655
Median Household Income
$58,769
Median Earnings
$1,726
Median Rent
$665,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Spacious three-level colonial home with attached garage, multiple bathrooms, and recent upgrades including central air.
Where is this single family property located?
The property is located at 25 Furness Place Staten Island, NY.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: 4‑bedroom, 3‑bath one‑family semi on 3 levels with garage and attic storage; Central air (2025) with 2‑zone heating; natural gas forced‑air system; Upgraded roof with 50‑year warranty installed in 2017
