Two-Family Ranch
For Sale
$1,175,000
33 Fraser Street, Staten Island, NY 10314
MULTI_FAMILY - Ranch - Staten Island, NY
Property Size3,016 SF
Lot Size0.09 Acres
Price / SF$389.59
Days on Market16
Property Features for 33 Fraser Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3X
Bedrooms
5
Bathrooms
4
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 2, Bedroom 5, Bathroom 4
Parking features
Garage, Driveway, Open
Fencing
Fenced
Basement
Full, Finished
Lot features
Back Yard
Subdivision
New Springville
Standard status
Active
Size
3,016 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
4046
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Amenities
central air conditioning
hardwood floors
patio
garage
driveway
washer/dryer
recreation room
Building Details
Year built
1970
Floors in Building
2
Number of units
2
Building materials
Stone, Vinyl Siding
Architectural style
Ranch
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Maria T Albanesi-Cortese · License #30AL0899365
(718) 987-7900
Added: Jul 29
Changed: Aug 13
Last Checked: Aug 13 at 11:06PM
MLS# 2604282
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 ranch-style two-family home includes a main house and a separate 2-bedroom apartment. The main house features an entry foyer, a spacious first-floor family room with sliding glass doors to a backyard and patio, and a 3/4 bathroom on the first floor. The second floor offers a large living room, formal dining room, and a large eat-in kitchen with an island, along with three bedrooms, including a primary suite with its own 3/4 bathroom, plus an additional full bathroom. Hardwood floors are throughout the home, with additional hardwood noted under carpeting in the bedrooms. Central air conditioning, casement windows, and a built-in garage are included. A finished basement provides high ceilings, a large recreation room, utility area with washer and dryer, and an oversized storage room. The home is described as currently handicap-accessible.
The second unit is a private side apartment with its own entrance and driveway, offering a living room, eat-in kitchen, two bedrooms, and a full bathroom, with hardwood floors. Construction is described as stone with vinyl siding. Heating is forced air with natural gas, and sewer is public.
The property is sited on a 0.0929-acre lot and includes a driveway, open parking, and garage parking. Built in 1970, the home provides a two-family layout with both indoor living and separate unit configuration for rental use.
The second unit is a private side apartment with its own entrance and driveway, offering a living room, eat-in kitchen, two bedrooms, and a full bathroom, with hardwood floors. Construction is described as stone with vinyl siding. Heating is forced air with natural gas, and sewer is public.
The property is sited on a 0.0929-acre lot and includes a driveway, open parking, and garage parking. Built in 1970, the home provides a two-family layout with both indoor living and separate unit configuration for rental use.
Key Highlights
- Ranch‑style two‑family layout with separate 2‑bedroom apartment and private entrance
- Main house sliding glass doors to backyard and patio plus 3/4 bathrooms on first and primary suite level
- Fully finished basement with high ceilings, recreation room, utility area with washer and dryer, oversized storage room
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Ranch-style two-family home on a small Staten Island lot with central air, gas heat, and a private apartment entrance.
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: Ranch‑style two‑family layout with separate 2‑bedroom apartment and private entrance; Main house sliding glass doors to backyard and patio plus 3/4 bathrooms on first and primary suite level; Fully finished basement with high ceilings, recreation room, utility area with washer and dryer, oversized storage room
