Two-Family Residence with Detached
New
For Sale
$710,000
261 Elm Street, Staten Island, NY 10310
Residential, Staten Island, NY
Property Size1,843 SF
Lot Size0.17 Acres
Price / SF$385.24
Days on Market4
Property Features for 261 Elm Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3A
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 2
Parking features
Garage - Detached
Patio and Porch features
Porch, Deck
Interior features
Deck, Porch
Basement
Full
Subdivision
West Brighton
Standard status
Active
Size
1,843 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
3817
Amenities
garage
yard
Building Details
Year built
1910
Number of units
2
Flooring type
Hardwood, Carpet
Listing Agency:
MadisonEstates Sothebys Realty
Listed By:
Gregory Scott
(718) 232-1004
Added: Sep 28
Changed: Sep 30
Last Checked: Oct 1 at 5:06PM
MLS# 504885
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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.
This detached two-family residence contains 1,843 square feet, with five bedrooms and three full bathrooms. Interior features include carpet and hardwood flooring, while a deck and porch provide outdoor space. A separate detached garage is also on site. The building dates to 1910 and is zoned R3A.
The property occupies a 7,392-square-foot lot measuring approximately 77 feet wide by 96 feet deep. The first floor is tenant-occupied.
The property occupies a 7,392-square-foot lot measuring approximately 77 feet wide by 96 feet deep. The first floor is tenant-occupied.
Key Highlights
- Detached two‑family residence built in 1910
- 1,843 square feet with 5 bedrooms and 3 full bathrooms
- First floor is tenant‑occupied
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
$45,832
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
6.46%
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%
$916,640
$916.6K
Cap Rate 7%
$654,743
$654.7K
Cap Rate 9%
$509,244
$509.2K
Market Conditions
NOI Build-Up for 1,843 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
$68.6K $37.20/SF
− Vacancy
−$3.1K −$1.67/SF
EGI
$65.5K $35.53/SF
− OpEx
−$19.6K −$10.66/SF
NOI
$45.8K $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%
$916,640
Cap Rate 7%
$654,743
Cap Rate 9%
$509,244
Alternative Uses
Best Use
Multifamily LT 5
$654.7K
$572.9K – $763.9K
NOI $45,832 @ 7.0% cap · market cap 6.46%
Second Best
Apartment 5plus
$583.9K
$510.9K – $681.2K
NOI $40,870 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$879.4K
$769.5K – $1.03M
NOI $61,557 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,855
Businesses Nearby
Explore this area
Business Placement
Demographics for 10310, NY
26,667
Population
9,909
Households
2.7
Avg Household Size
37
Median Age
31%
College-Educated
88%
High-School Grad
1.8 sq mi
ZIP Area
14,815
Density / Sq Mi
$106,118
Median Household Income
$57,861
Median Earnings
$1,638
Median Rent
$623,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - A tenant-occupied first floor provides current rental use within a detached residential property.
Where is this duplex located?
The property is located at 261 Elm Street Staten Island, NY.
What is the asking price?
The asking price for this property is $710,000.
What are key features of this property?
This property features: Detached two‑family residence built in 1910; 1,843 square feet with 5 bedrooms and 3 full bathrooms; First floor is tenant‑occupied
