Two-Family Colonial with
For Sale
$1,199,900
342 Manhattan Street, Staten Island, NY 10307
Residential Income, Staten Island, NY
Property Size2,554 SF
Lot Size0.10 Acres
Price / SF$469.81
Days on Market8
Property Features for 342 Manhattan Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3A
Bedrooms
4
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 4, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 4
Parking features
Off Street
Security features
Security System
Patio and Porch features
Deck
Interior features
Walk-In Closet(s)
Basement
Full, Apartment
Lot features
Front Yard, Back Yard
Subdivision
Tottenville
Standard status
Active
APN
7884-7
Size
2,554 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
12856
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Cooling system
Central Air
Amenities
outdoor kitchen
Building Details
Year built
2016
Floors in Building
2
Number of units
2
Building materials
Vinyl Siding
Architectural style
Colonial
Listing Agency:
Homes R Us Realty of NY, Inc.
(718) 668-2550
Listed By:
Gennady Gary Papirov · License #30PA0885250
(917) 856-2012
Added: Sep 14
Changed: Sep 15
Last Checked: Sep 21 at 6:06PM
MLS# 2605178
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.
Located at 342 Manhattan Street in Staten Island, this 2,554-square-foot duplex is configured as a two-family Colonial with four bedrooms and four bathrooms. Built in 2016, the property includes a legal studio rental, full finished basement, detached garage, central air, hot-water heating, and natural gas service. Interior details include hardwood flooring, high ceilings, large windows, custom trim, a walk-in closet, and a private bathroom within the primary suite.
The 0.0957-acre parcel features a paved backyard, deck, and custom outdoor kitchen. Off-street parking is provided, with public sewer serving the property. Zoned R3A, the residence is positioned near public transportation, schools, shopping, restaurants, parks, and beaches.
The 0.0957-acre parcel features a paved backyard, deck, and custom outdoor kitchen. Off-street parking is provided, with public sewer serving the property. Zoned R3A, the residence is positioned near public transportation, schools, shopping, restaurants, parks, and beaches.
Key Highlights
- 2,554‑square‑foot duplex on a 0.0957‑acre parcel
- Four bedrooms and four bathrooms in a two‑family Colonial
- Legal studio rental plus full finished basement
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
$63,513
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
5.29%
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%
$1,270,260
$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
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
$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 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%
$1,270,260
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.
Property Analytics
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Open Analytics
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
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Frequently Asked Questions
What type of property is this?
Duplex - Legal studio rental, finished basement, detached garage, and outdoor kitchen expand the property’s residential utility.
Where is this duplex located?
The property is located at 342 Manhattan Street 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 on a 0.0957‑acre parcel; Four bedrooms and four bathrooms in a two‑family Colonial; Legal studio rental plus full finished basement
