Two-Family Duplex
For Sale
$799,000
Pending
258 Targee St, Staten Island, NY 10304
Residential layouts include eat-in kitchens, living and dining rooms, and parking via a shared driveway.
Property Size2,044 SF
Days on Market424
Property Features for 258 Targee St
General Information
Standard status
Pending
Size
2,044 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1920
Listing Agency:
Ashford Homes LLC
Listed By:
Njoek Kong Tjon · License #10401380276
(929) 364-1301
Source:
Statenislandhomelistings
Added: Jul 8, 2025
Changed: Sep 2
Last Checked: Sep 4 at 7:30AM
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 Ashford Homes LLC
Investment Insights
Based on property information with market context.
This two-family duplex property measures 2,044 square feet and was built in 1920. The first floor contains four bedrooms, an eat-in kitchen, living room, dining room, and full bathroom. The second and third floors together include five bedrooms, a living room, dining room, eat-in kitchen, and full bathroom.
A shared driveway provides parking for the property. The address is 258 Targee St in Staten Island, New York, within ZIP code 10304. The multi-level configuration and room arrangement provide a defined residential layout across the two-family property.
A shared driveway provides parking for the property. The address is 258 Targee St in Staten Island, New York, within ZIP code 10304. The multi-level configuration and room arrangement provide a defined residential layout across the two-family property.
Key Highlights
- Two‑family duplex property measuring 2,044 square feet
- Built in 1920
- First floor includes 4 bedrooms, eat‑in kitchen, living room, dining room, and full bath
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
$50,509
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
6.32%
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%
$1,010,180
$1.0M
Cap Rate 7%
$721,557
$721.6K
Cap Rate 9%
$561,211
$561.2K
Market Conditions
NOI Build-Up for 2,044 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
$78.5K $38.40/SF
− Vacancy
−$6.3K −$3.10/SF
EGI
$72.2K $35.30/SF
− OpEx
−$21.6K −$10.59/SF
NOI
$50.5K $24.71/SF
Area
ZIP 10304
Vacancy
8.07%
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%
$1,010,180
Cap Rate 7%
$721,557
Cap Rate 9%
$561,211
Alternative Uses
Best Use
Multifamily LT 5
$721.6K
$631.4K – $841.8K
NOI $50,509 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$661.3K
$578.6K – $771.5K
NOI $46,289 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$975.3K
$853.4K – $1.14M
NOI $68,270 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,334
Businesses Nearby
Explore this area
Business Placement
Demographics for 10304, NY
46,944
Population
17,524
Households
2.7
Avg Household Size
38
Median Age
31%
College-Educated
84%
High-School Grad
3.5 sq mi
ZIP Area
13,413
Density / Sq Mi
$71,506
Median Household Income
$41,752
Median Earnings
$1,516
Median Rent
$659,900
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 - Residential layouts include eat-in kitchens, living and dining rooms, and parking via a shared driveway.
Where is this duplex located?
The property is located at 258 Targee St Staten Island, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two‑family duplex property measuring 2,044 square feet; Built in 1920; First floor includes 4 bedrooms, eat‑in kitchen, living room, dining room, and full bath
