Two-Family Duplex with Private
32 Franklin Place Staten Island, NY 10314
For Sale
$799,000
MULTI_FAMILY - State Island, NY
Property Size2,088 SF
Lot Size0.05 Acres
Price / SF$382.66
Days on Market50
Property Features for 32 Franklin Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3
Bedrooms
4
Bathrooms
3
Rooms
Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 2
Interior features
Washer
Standard status
Active
Size
2,088 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
6458
Building Details
Year built
1998
Floors in Building
3
Number of units
2
Listing Agency:
RE/MAX Edge
(718) 612-3088
Listed By:
Dazhi (Simon) Su
(718) 612-3088
Added: Jun 11
Changed: Jul 16
Last Checked: Jul 30 at 6:06AM
MLS# 502223
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.
Semi-detached, legal two-family duplex at 32 Franklin Place on Staten Island, built in 1998 and described as move-in ready. The upper level consists of a 3-bedroom, 1.5-bath layout configured as a duplex over a 1-bedroom unit on the lower level. Interior features include hardwood flooring throughout, central HVAC, and separate utilities for each unit. The home also includes two entrances and a private driveway.
The property sits on a lot with an “huge irregular backyard,” providing outdoor space beyond the building footprint.
This residence is offered for sale as a residential income property under R3 zoning, with a stated building size of 12x58 and lot size of 16x107 and total property size of 2,088 square feet.
The property sits on a lot with an “huge irregular backyard,” providing outdoor space beyond the building footprint.
This residence is offered for sale as a residential income property under R3 zoning, with a stated building size of 12x58 and lot size of 16x107 and total property size of 2,088 square feet.
Key Highlights
- Semi‑detached legal two‑family built in 1998 with a private driveway
- Upper level duplex: 3 bedrooms and 1.5 baths
- Lower level: 1‑bedroom unit
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $85.2k | $40.80 |
| − Vacancy | −$3.8k | −$1.84 |
| EGI | $81.4k | $38.96 |
| − OpEx | −$24.4k | −$11.69 |
| NOI | $56.9k | $27.27 |
2,088 SF · lease $40.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$813.6K
$711.9K – $949.2K
NOI $56,950 @ 7.0% cap · market cap 7.13%
Second Best
Apartment 5plus
$754.4K
$660.1K – $880.1K
NOI $52,808 @ 7.0% cap · market cap 6.61%
Theoretical Best
Office A
$996.3K
$871.8K – $1.16M
NOI $69,740 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family duplex with separate utilities, central HVAC, hardwood flooring, and two entrances.
Where is this duplex located?
The property is located at 32 Franklin Place 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: Semi‑detached legal two‑family built in 1998 with a private driveway; Upper level duplex: 3 bedrooms and 1.5 baths; Lower level: 1‑bedroom unit
