Duplex with Studio
For Sale
$1,199,900
Pending
342 Manhattan St, Staten Island, NY 10307
A finished lower level, detached garage, and outdoor kitchen complement the two-family layout.
Property Size2,554 SF
Days on Market43
Property Features for 342 Manhattan St
General Information
Standard status
Pending
Size
2,554 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 4BR/4BA, 1 x studio
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
detached garage
outdoor kitchen
finished basement
Building Details
Year Built
2016
Construction
side-hall colonial
Listing Agency:
Homes R Us Realty of NY, Inc.
Listed By:
Gennady Gary Papirov · License #30PA0885250
(917) 856-2012
Source:
Statenislandhomelistings
Added: Sep 6
Changed: Oct 16
Last Checked: Oct 16 at 9:00AM
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 Homes R Us Realty of NY, Inc.
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Investment Insights
Based on property information with market context.
This 2016-built duplex offers 2,554 square feet, with four bedrooms and four bathrooms in the main residence. Interior features include hardwood flooring, high ceilings, large windows, custom trim, formal living and dining rooms, and a family room adjoining the kitchen. The upper-level primary suite has a walk-in closet and private bath. A finished basement adds usable interior space, while a separate legal studio provides a rental component. Outside, the paved backyard includes an outdoor kitchen, and a detached garage is also on site.
The property is near public transportation, schools, shopping, restaurants, parks, and beaches. The two-family configuration, studio, and finished basement offer distinct spaces within the property.
The property is near public transportation, schools, shopping, restaurants, parks, and beaches. The two-family configuration, studio, and finished basement offer distinct spaces within the property.
Key Highlights
- 2,554‑square‑foot duplex built in 2016
- Four bedrooms and four bathrooms in the main residence
- Separate legal studio rental
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,513
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,270,260
$1.3M
Cap Rate 7%
$907,329
$907.3K
Cap Rate 9%
$705,700
$705.7K
Market Conditions
NOI Build-Up for 2,554 SF
Gross rent
$95.0K $37.20/SF
− Vacancy
−$4.3K −$1.67/SF
EGI
$90.7K $35.53/SF
− OpEx
−$27.2K −$10.66/SF
NOI
$63.5K $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 Rate 5%
$1,270,260
Cap Rate 7%
$907,329
Cap Rate 9%
$705,700
Alternative Uses
Best Use
Multifamily LT 5
$907.3K
$793.9K – $1.06M
NOI $63,513 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$809.1K
$708.0K – $944.0K
NOI $56,638 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,304 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
396
Businesses Nearby
Explore this area
Business Placement
Demographics for 10307, NY
14,129
Population
5,390
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
90%
High-School Grad
1.6 sq mi
ZIP Area
8,831
Density / Sq Mi
$138,807
Median Household Income
$74,211
Median Earnings
$1,618
Median Rent
$799,100
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
Frequently Asked Questions
What type of property is this?
Duplex - A finished lower level, detached garage, and outdoor kitchen complement the two-family layout.
Where is this duplex located?
The property is located at 342 Manhattan St Staten Island, NY.
What is the asking price?
The asking price for this property is $1,199,900.
What are key features of this property?
This property features: 2,554‑square‑foot duplex built in 2016; Four bedrooms and four bathrooms in the main residence; Separate legal studio rental
