Two-Family Home with Separate
For Sale
$1,175,000
Pending
33 Fraser St, Staten Island, NY 10314
Three-bedroom primary residence includes a finished basement, built-in garage, central air conditioning, and outdoor patio access.
Property Size3,016 SF
Days on Market64
Property Features for 33 Fraser St
General Information
Standard status
Pending
Size
3,016 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1970
Buildings
1
Listing Agency:
Robert DeFalco Realty, Inc.
Listed By:
Maria T Albanesi-Cortese · License #30AL0899365
(718) 987-7900
Source:
Statenislandhomelistings
Added: Jul 24
Changed: Sep 23
Last Checked: Sep 24 at 11:17AM
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 3,016-square-foot duplex property, built in 1970, includes a primary residence and a separate two-bedroom apartment. The main home offers a foyer, family room, three bedrooms, a formal dining room, an eat-in kitchen with island, three-quarter and full bathrooms, hardwood flooring, central air conditioning, and a finished basement with a recreation room, utility area, laundry space, and storage. The kitchen was renovated in 2018. A built-in garage, private apartment entrance, separate driveway, backyard, and patio add practical utility.
The property is located at 33 Fraser St in Staten Island, near the Staten Island Mall, shopping, restaurants, parks, schools, and local and express transportation. The secondary apartment has its own living room, eat-in kitchen, two bedrooms, full bathroom, and hardwood floors, creating a distinct residential layout within the property.
The property is located at 33 Fraser St in Staten Island, near the Staten Island Mall, shopping, restaurants, parks, schools, and local and express transportation. The secondary apartment has its own living room, eat-in kitchen, two bedrooms, full bathroom, and hardwood floors, creating a distinct residential layout within the property.
Key Highlights
- 3,016‑square‑foot duplex property with a primary residence and separate 2‑bedroom apartment
- Main house includes 3 bedrooms, formal dining room, eat‑in kitchen, and finished basement
- Kitchen renovated in 2018
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
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Open Analytics
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
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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 - Three-bedroom primary residence includes a finished basement, built-in garage, central air conditioning, and outdoor patio access.
Where is this duplex located?
The property is located at 33 Fraser St 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: 3,016‑square‑foot duplex property with a primary residence and separate 2‑bedroom apartment; Main house includes 3 bedrooms, formal dining room, eat‑in kitchen, and finished basement; Kitchen renovated in 2018
