Staten Island Two-Family
For Sale
Contact for pricing
Pending
34 Darnell Lane, Staten Island, NY 10309
Well-maintained two-family home with income potential in desirable location.
Property Size1,408 SF
Lot Size0.09 Acres
Days on Market79
Property Features for 34 Darnell Lane
General Information
Standard status
Pending
Size
1,408 SF
Lot size
0.09 Acres
Property subtype
Multifamily
Building Details
Year Built
1996
Listing Agency:
ROBERT DEFALCO REALTY
Listed By:
Cynthia Dgheim · License #10301206889
Source:
Crexi
Added: May 21
Changed: Jul 10
Last Checked: Jul 24 at 5:55PM
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
Investment Insights
Based on property information with market context.
Located in a desirable South Shore neighborhood of Staten Island, 34 Darnell Lane is a well-maintained two-family home. The property offers an outdoor living space and income potential from a one-bedroom apartment. The main residence features granite steps leading to the entrance, a large living room/dining room combination with hardwood floors and crown molding, and a large eat-in kitchen with stainless steel appliances that flows into a family room. The master bedroom includes vaulted ceilings and dual entry to a four-piece bathroom, along with two additional bedrooms. The one-bedroom apartment is bright and airy, with separate utilities and central air. The property includes an extra-large driveway accommodating two cars and a private back entrance from the street. The lot size is over 4,000 square feet. An extended garage features a built-in workshop and shelving. The outdoor area includes an expansive two-tier deck for entertaining, a concrete patio, a gazebo with fans and lighting, two storage sheds, and deck boxes.
Key Highlights
- Two‑family home with income potential from a one‑bedroom apartment featuring separate utilities and central air.
- Enjoy an outdoor oasis with an expansive two‑tier deck, concrete patio, and gazebo with fans and lighting.**
- Main residence features a large eat‑in kitchen with stainless steel appliances and a family 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
$35,014
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
3.90%
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%
$700,280
$700.3K
Cap Rate 7%
$500,200
$500.2K
Cap Rate 9%
$389,044
$389.0K
Market Conditions
NOI Build-Up for 1,408 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
$52.4K $37.20/SF
− Vacancy
−$2.4K −$1.67/SF
EGI
$50.0K $35.53/SF
− OpEx
−$15.0K −$10.66/SF
NOI
$35.0K $24.87/SF
Area
Staten Island, NY
Vacancy
4.50%
Lease Rate
$37.20 /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%
$700,280
Cap Rate 7%
$500,200
Cap Rate 9%
$389,044
Alternative Uses
Best Use
Multifamily LT 5
$500.2K
$437.7K – $583.6K
NOI $35,014 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$446.1K
$390.3K – $520.4K
NOI $31,224 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$671.8K
$587.9K – $783.8K
NOI $47,028 @ 7.0% cap · market cap 5.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
354
Businesses Nearby
Explore this area
Business Placement
Demographics for 10309, NY
33,523
Population
12,770
Households
2.6
Avg Household Size
41
Median Age
40%
College-Educated
92%
High-School Grad
7.3 sq mi
ZIP Area
4,592
Density / Sq Mi
$123,638
Median Household Income
$67,348
Median Earnings
$1,907
Median Rent
$745,500
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 - Well-maintained two-family home with income potential in desirable location.
Where is this duplex located?
The property is located at 34 Darnell Lane Staten Island, NY.
What is the asking price?
The asking price for this property is $898,000.
What are key features of this property?
This property features: Two‑family home with income potential from a one‑bedroom apartment featuring separate utilities and central air.; Enjoy an outdoor oasis with an expansive two‑tier deck, concrete patio, and gazebo with fans and lighting.**; Main residence features a large eat‑in kitchen with stainless steel appliances and a family room.
