Well-Maintained Duplex
For Sale
$799,999
29 Natalie Court, Staten Island, NY 10304
Residential, Staten Island, NY
Property Size2,225 SF
Lot Size0.06 Acres
Price / SF$359.55
Days on Market58
Property Features for 29 Natalie Court
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-2
Bedrooms
4
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 4, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 3, Bedroom 2, Bathroom 2
Parking features
Carport, Off Street, On Street
Patio and Porch features
Patio
Lot features
Front Yard, Back Yard, Side
Subdivision
Grymes Hill
Standard status
Active
Size
2,225 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
5527
HOA Fee
$600 Annually
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Amenities
hardwood floors
skylights
custom kitchen
center island
Italian tile finishes
central air
alarm system
private backyard
electric awning
laundry area
Building Details
Year built
1998
Floors in Building
3
Building materials
Vinyl Siding
Architectural style
Colonial
Listing Agency:
Homes R Us Realty of NY, Inc.
(718) 668-2550
Listed By:
Gennady Gary Papirov · License #30PA0885250
(917) 856-2012
Added: Jul 14
Changed: Sep 8
Last Checked: Sep 9 at 4:06PM
MLS# 2603978
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.
This semi-attached duplex residence offers approximately 2,225 square feet of living space with four bedrooms and 3.5 baths. The Colonial-style home, built in 1998, includes hardwood floors, five skylights, a quartz-finished kitchen with stainless steel appliances and a center island, plus a first-floor bedroom with a full bath. The primary suite includes a private bath, generous closet space, and views toward the Verrazzano Bridge and surrounding water.
Additional features include central air, natural-gas forced-air heating, a third-floor laundry area, alarm and sprinkler systems, abundant storage, three private parking spaces, and a paved backyard with an electric awning. The property is served by public sewer and is located near Silver Lake Park, shopping, restaurants, schools, public transportation, and the Verrazzano Bridge. Low HOA fees cover private cul-de-sac maintenance, snow removal, and community sewer maintenance.
Additional features include central air, natural-gas forced-air heating, a third-floor laundry area, alarm and sprinkler systems, abundant storage, three private parking spaces, and a paved backyard with an electric awning. The property is served by public sewer and is located near Silver Lake Park, shopping, restaurants, schools, public transportation, and the Verrazzano Bridge. Low HOA fees cover private cul-de-sac maintenance, snow removal, and community sewer maintenance.
Key Highlights
- Approximately 2,225 square feet with 4 bedrooms and 3.5 baths
- Custom kitchen with quartz countertops, stainless steel appliances, center island, and Italian tile finishes
- Primary suite with private full bath, generous closet space, and Verrazzano Bridge and water views
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
$54,981
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
6.87%
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%
$1,099,620
$1.1M
Cap Rate 7%
$785,443
$785.4K
Cap Rate 9%
$610,900
$610.9K
Market Conditions
NOI Build-Up for 2,225 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
$85.4K $38.40/SF
− Vacancy
−$6.9K −$3.10/SF
EGI
$78.5K $35.30/SF
− OpEx
−$23.6K −$10.59/SF
NOI
$55.0K $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%
$1,099,620
Cap Rate 7%
$785,443
Cap Rate 9%
$610,900
Alternative Uses
Best Use
Multifamily LT 5
$785.4K
$687.3K – $916.4K
NOI $54,981 @ 7.0% cap · market cap 6.87%
Second Best
Apartment 5plus
$719.8K
$629.9K – $839.8K
NOI $50,388 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$1.06M
$928.9K – $1.24M
NOI $74,315 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Sprinkler system
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,505
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Semi-attached residence with flexible living areas, private outdoor space, and parking for three vehicles.
Where is this duplex located?
The property is located at 29 Natalie Court Staten Island, NY.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: Approximately 2,225 square feet with 4 bedrooms and 3.5 baths; Custom kitchen with quartz countertops, stainless steel appliances, center island, and Italian tile finishes; Primary suite with private full bath, generous closet space, and Verrazzano Bridge and water views
