Two-Family Duplex with
For Sale
Contact for pricing
Pending
33 Fraser Street, Staten Island, NY 10314
Separate apartment, private entrance, driveway, and backyard support flexible occupancy.
Property Size3,016 SF
Days on Market26
Property Features for 33 Fraser Street
General Information
Standard status
Pending
Size
3,016 SF
Property subtype
Multifamily
Zoning
R3X
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Building Details
Year Built
1970
Buildings
1
Stories
2
Units
2
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Maria Albanesi-Cortese · License #30AL0899365
Source:
Crexi
Added: Jul 30
Changed: Aug 22
Last Checked: Aug 21 at 9:02AM
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 Robert DeFalco Realty, Inc.
Investment Insights
Based on property information with market context.
This duplex includes a primary residence and a separate two-bedroom apartment. The main home offers a first-floor family room, three-quarter bathroom, garage access, and sliding doors to a backyard patio. Upstairs are a living room, formal dining area, eat-in kitchen with island, three bedrooms, a primary suite with private three-quarter bathroom, and an additional full bathroom. The kitchen was renovated in 2018, while hardwood flooring, central air conditioning, and casement windows are also included. A finished basement adds a recreation room, utility area, laundry space, and oversized storage room.
The side apartment has its own entrance and driveway, along with a living room, eat-in kitchen, two bedrooms, full bathroom, and hardwood floors. The property is located at 33 Fraser Street in Staten Island, near Staten Island Mall, shopping, restaurants, parks, schools, and local and express transportation. Zoning is R3X, and the home was built in 1970.
The side apartment has its own entrance and driveway, along with a living room, eat-in kitchen, two bedrooms, full bathroom, and hardwood floors. The property is located at 33 Fraser Street in Staten Island, near Staten Island Mall, shopping, restaurants, parks, schools, and local and express transportation. Zoning is R3X, and the home was built in 1970.
Key Highlights
- Two‑family duplex with a separate two‑bedroom apartment
- Primary residence includes three bedrooms and a private three‑quarter bathroom
- Side apartment has its own entrance and driveway
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
$82,261
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
7.00%
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%
$1,645,220
$1.6M
Cap Rate 7%
$1,175,157
$1.2M
Cap Rate 9%
$914,011
$914.0K
Market Conditions
NOI Build-Up for 3,016 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
$123.1K $40.80/SF
− Vacancy
−$5.5K −$1.84/SF
EGI
$117.5K $38.96/SF
− OpEx
−$35.3K −$11.69/SF
NOI
$82.3K $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 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%
$1,645,220
Cap Rate 7%
$1,175,157
Cap Rate 9%
$914,011
Alternative Uses
Best Use
Multifamily LT 5
$1.18M
$1.03M – $1.37M
NOI $82,261 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$1.09M
$953.5K – $1.27M
NOI $76,278 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,735 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,060
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
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 - Separate apartment, private entrance, driveway, and backyard support flexible occupancy.
Where is this duplex located?
The property is located at 33 Fraser Street Staten Island, NY.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Two‑family duplex with a separate two‑bedroom apartment; Primary residence includes three bedrooms and a private three‑quarter bathroom; Side apartment has its own entrance and driveway
