Two-Family Brick
For Sale
$1,149,000
33 Area Pl, Staten Island, NY 10314
Separate living and dining areas serve both residences, with a private driveway and built-in garage.
Property Size2,497 SF
Price / SF$460.15
Days on Market10
Property Features for 33 Area Pl
General Information
Standard status
Active
Size
2,497 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2.5BA, 1 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1975
Construction
raised ranch
Listing Agency:
Tom Crimmins Realty, LTD
Listed By:
Ross A. Buxbaum · License #40BU1069624
(718) 619-7976
Source:
Jaida.mappmyhome
Added: Oct 5
Changed: Oct 13
Last Checked: Oct 13 at 2:24AM
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 Tom Crimmins Realty, LTD
Investment Insights
Based on property information with market context.
This brick-facing, two-family raised ranch contains two residences. The larger unit has a living room, formal dining room, updated kitchen, three bedrooms, two full bathrooms and a half bathroom. The second residence includes living and dining rooms, a kitchen, one bedroom and a full bathroom. A built-in garage and private driveway provide on-site parking. The property was built in 1975 and is located at 33 Area Pl in Staten Island.
Key Highlights
- Two residences in a brick‑facing raised ranch
- Main unit includes three bedrooms, two full bathrooms and a half bathroom
- Second unit has one bedroom and one full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,105
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,362,100
$1.4M
Cap Rate 7%
$972,929
$972.9K
Cap Rate 9%
$756,722
$756.7K
Market Conditions
NOI Build-Up for 2,497 SF
Gross rent
$101.9K $40.80/SF
− Vacancy
−$4.6K −$1.84/SF
EGI
$97.3K $38.96/SF
− OpEx
−$29.2K −$11.69/SF
NOI
$68.1K $27.27/SF
Area
ZIP 10314
Vacancy
4.50%
Lease Rate
$40.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,362,100
Cap Rate 7%
$972,929
Cap Rate 9%
$756,722
Alternative Uses
Best Use
Multifamily LT 5
$972.9K
$851.3K – $1.14M
NOI $68,105 @ 7.0% cap · market cap 5.93%
Second Best
Apartment 5plus
$902.2K
$789.4K – $1.05M
NOI $63,152 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,400 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,159
Businesses Nearby
Explore this area
Business Placement
Demographics for 10314, NY
92,157
Population
33,554
Households
2.7
Avg Household Size
41
Median Age
37%
College-Educated
89%
High-School Grad
13.0 sq mi
ZIP Area
7,089
Density / Sq Mi
$104,655
Median Household Income
$58,769
Median Earnings
$1,726
Median Rent
$665,500
Median Home Value
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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 - Separate living and dining areas serve both residences, with a private driveway and built-in garage.
Where is this duplex located?
The property is located at 33 Area Pl Staten Island, NY.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: Two residences in a brick‑facing raised ranch; Main unit includes three bedrooms, two full bathrooms and a half bathroom; Second unit has one bedroom and one full bathroom
