Staten Island Two-Family
For Sale
Contact for pricing
3 Alaska Street, Staten Island, NY 10310
Two-family home with income potential near amenities.
Property Size1,274 SF
Price / SF$470.96
Days on Market98
Property Features for 3 Alaska Street
General Information
Standard status
Active
Size
1,274 SF
Property subtype
Multifamily
Zoning
R3-2
Building Details
Year Built
2001
Stories
2
Units
2
Listing Agency:
Keller Williams Realty Staten Island
(347) 893-2180
Listed By:
Roseann Currie
Source:
Crexi
Added: May 17
Changed: Aug 8
Last Checked: Aug 8 at 3:09PM
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 Keller Williams Realty Staten Island
Investment Insights
Based on property information with market context.
This two-family home is located in Staten Island. Constructed in 2001, this property offers possibilities for investors or owner-occupiers. The property contains a total of 3 bedrooms and 3 bathrooms. One unit is currently occupied and generating income. The second unit is vacant and available for rental income or owner occupancy. The property is located near shopping, transportation, schools, and local amenities. The property size is 1274 square feet.
Key Highlights
- Income‑producing property with one unit already rented
- Ideal for owner‑occupancy with potential to offset mortgage
- Two‑family home offering versatility for investors or homeowners
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
$31,682
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
5.28%
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%
$633,640
$633.6K
Cap Rate 7%
$452,600
$452.6K
Cap Rate 9%
$352,022
$352.0K
Market Conditions
NOI Build-Up for 1,274 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
$47.4K $37.20/SF
− Vacancy
−$2.1K −$1.67/SF
EGI
$45.3K $35.53/SF
− OpEx
−$13.6K −$10.66/SF
NOI
$31.7K $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%
$633,640
Cap Rate 7%
$452,600
Cap Rate 9%
$352,022
Alternative Uses
Best Use
Multifamily LT 5
$452.6K
$396.0K – $528.0K
NOI $31,682 @ 7.0% cap · market cap 5.28%
Second Best
Apartment 5plus
$403.6K
$353.2K – $470.9K
NOI $28,252 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$607.9K
$531.9K – $709.2K
NOI $42,552 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,489
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
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 - Two-family home with income potential near amenities.
Where is this duplex located?
The property is located at 3 Alaska Street Staten Island, NY.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: Income‑producing property with one unit already rented; Ideal for owner‑occupancy with potential to offset mortgage; Two‑family home offering versatility for investors or homeowners
