Renovated Side-by-Side
For Sale
Contact for pricing
31-33 Rockland Avenue, Staten Island, NY 10306
Two independent living quarters include private kitchens, dining areas, and updated interiors.
Property Size2,400 SF
Lot Size0.18 Acres
Price / SF$499.95
Days on Market20
Property Features for 31-33 Rockland Avenue
General Information
Standard status
Active
Size
2,400 SF
Lot size
0.18 Acres
Property subtype
Multifamily
Zoning
R2
Additional Details
Public Transit
Yes
Multifamily Units
2
Building Details
Year Built
1950
Buildings
1
Stories
2
Units
2
Listing Agency:
Mark International Real Estate
(718) 987-4500
Listed By:
Jesse Aronovich · License #10301220154
Source:
Crexi
Added: Aug 5
Changed: Aug 14
Last Checked: Aug 23 at 9:41PM
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 Mark International Real Estate
Investment Insights
Based on property information with market context.
This detached duplex contains two separate residences arranged side by side, with a combined 2,400 square feet of property size. Each dwelling includes a living room, formal dining area, kitchen, bedrooms, and two full bathrooms. One unit provides an additional bedroom and a full-size finished basement, while the property also includes attic storage and private off-street parking. The interiors have been renovated for immediate residential use.
The property sits on a 7,685-square-foot lot and was built in 1950. R2 zoning supports its two-family configuration. Its position near the New Dorp Lane and Hylan Boulevard corridors provides access to public transportation, shopping, and dining options. In total, the building offers seven bedrooms and four bathrooms across the two residences.
The property sits on a 7,685-square-foot lot and was built in 1950. R2 zoning supports its two-family configuration. Its position near the New Dorp Lane and Hylan Boulevard corridors provides access to public transportation, shopping, and dining options. In total, the building offers seven bedrooms and four bathrooms across the two residences.
Key Highlights
- Detached side‑by‑side two‑family residence with two independent units
- Seven bedrooms and four bathrooms across the property
- 2,400 square feet of property size on a 7,685‑square‑foot lot
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
$60,964
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
5.08%
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%
$1,219,280
$1.2M
Cap Rate 7%
$870,914
$870.9K
Cap Rate 9%
$677,378
$677.4K
Market Conditions
NOI Build-Up for 2,400 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
$92.2K $38.40/SF
− Vacancy
−$5.1K −$2.11/SF
EGI
$87.1K $36.29/SF
− OpEx
−$26.1K −$10.89/SF
NOI
$61.0K $25.40/SF
Area
ZIP 10306
Vacancy
5.50%
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%
$1,219,280
Cap Rate 7%
$870,914
Cap Rate 9%
$677,378
Alternative Uses
Best Use
Multifamily LT 5
$870.9K
$762.1K – $1.02M
NOI $60,964 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$773.9K
$677.2K – $902.9K
NOI $54,173 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,161 @ 7.0% cap · market cap 6.68%
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
888
Businesses Nearby
Explore this area
Business Placement
Demographics for 10306, NY
57,919
Population
21,299
Households
2.7
Avg Household Size
43
Median Age
34%
College-Educated
88%
High-School Grad
7.2 sq mi
ZIP Area
8,044
Density / Sq Mi
$97,746
Median Household Income
$54,052
Median Earnings
$1,743
Median Rent
$675,400
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 - Two independent living quarters include private kitchens, dining areas, and updated interiors.
Where is this duplex located?
The property is located at 31-33 Rockland Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,199,888.
What are key features of this property?
This property features: Detached side‑by‑side two‑family residence with two independent units; Seven bedrooms and four bathrooms across the property; 2,400 square feet of property size on a 7,685‑square‑foot lot
