Two-Unit Raised-Ranch
New
For Sale
$1,149,000
33 Area Place, Staten Island, NY 10314
Residential Income, Staten Island, NY
Property Size2,497 SF
Lot Size0.09 Acres
Price / SF$460.15
Days on Market2
Property Features for 33 Area Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3-1
Bedrooms
4
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 3, Bathroom 4, Bedroom 2
Parking features
Garage, Driveway, Off Street, On Street
Fencing
Fenced
Lot features
Front Yard, Back Yard
Subdivision
Manor Heights
Standard status
Active
APN
00702-0052
Size
2,497 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
7243
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Cooling system
Central Air
Building Details
Year built
1975
Floors in Building
2
Number of units
2
Building materials
Brick, Stucco, Vinyl Siding
Architectural style
Ranch
Listing Agency:
Tom Crimmins Realty, Ltd.
(718) 370-3200
Listed By:
Ross Buxbaum · License #40BU1069624
(718) 619-7976
Added: Oct 8
Last Checked: Oct 9 at 2:06AM
MLS# 2605724
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 2,497-square-foot duplex, built in 1975, is arranged as a raised ranch with two residences. The larger unit has three bedrooms, a living room, dining room, kitchen, two full bathrooms, and a half bath. The second residence provides one bedroom, a living room, a dining room, a kitchen, and a full bathroom. Exterior materials include brick, stucco, and vinyl siding.
The 0.092-acre property has a built-in garage and private driveway, along with on-street and off-street parking. It is served by public sewer and has natural-gas hot-water heating and central air conditioning. The property is zoned R3-1.
The 0.092-acre property has a built-in garage and private driveway, along with on-street and off-street parking. It is served by public sewer and has natural-gas hot-water heating and central air conditioning. The property is zoned R3-1.
Key Highlights
- Two residences: a three‑bedroom unit and a one‑bedroom unit
- 2,497 square feet on a 0.092‑acre lot
- Main unit includes two full bathrooms and a half bath; second unit has 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.
Property Analytics
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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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate living spaces include a three-bedroom residence and a one-bedroom unit, with a garage and driveway.
Where is this duplex located?
The property is located at 33 Area Place 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: a three‑bedroom unit and a one‑bedroom unit; 2,497 square feet on a 0.092‑acre lot; Main unit includes two full bathrooms and a half bath; second unit has one full bathroom
