Renovated Two-Family
For Sale
$1,248,000
35 Cattaraugus St, Staten Island, NY 10301
Move-in-ready detached two-family property with updated interiors, finished basement, solar panels, and separate utilities.
Property Size3,307 SF
Days on Market39
Property Features for 35 Cattaraugus St
General Information
Standard status
Active
Size
3,307 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$7,607
Amenities
solar panels
covered veranda
finished basement
Building Details
Building Size
3,307 SF
Year Built
1965
Stories
2
Tenancy
Multi
Listed By:
C. Michel Scibetta - Nicolo
(718) 987-7900
Source:
Elliman
Added: Jul 28
Changed: Aug 13
Last Checked: Sep 1 at 8:46PM
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 C. Michel Scibetta - Nicolo
Investment Insights
Based on property information with market context.
A fully detached, renovated two-family home offered vacant and move-in ready. The main residence includes four bedrooms, a bright living room, formal dining room, family room, updated kitchen and bath, and a full finished basement with separate access that can serve as extra living space. A separate, oversized one-bedroom apartment is privately positioned away from the main home. The apartment offers the option to be converted to a two-bedroom layout, depending on buyer plans.
The property also features two driveways and an attached garage. Outdoor space includes a spacious backyard with a covered veranda. Solar panels are included, and the home is set up with separate utilities for the two units.
Overall, the layout provides two distinct residences within a single detached building, supported by recent interior updates and practical infrastructure like separate utilities and dedicated access to the finished basement.
The property also features two driveways and an attached garage. Outdoor space includes a spacious backyard with a covered veranda. Solar panels are included, and the home is set up with separate utilities for the two units.
Overall, the layout provides two distinct residences within a single detached building, supported by recent interior updates and practical infrastructure like separate utilities and dedicated access to the finished basement.
Key Highlights
- Fully detached two‑family home built in 1965 in the Sunnyside neighborhood
- Main residence offers four bedrooms plus updated kitchen and bath, bright living room, formal dining room, and family room
- Full finished basement with separate access for extra living space, home office, gym, or recreation 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
$82,239
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
6.59%
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%
$1,644,780
$1.6M
Cap Rate 7%
$1,174,843
$1.2M
Cap Rate 9%
$913,767
$913.8K
Market Conditions
NOI Build-Up for 3,307 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
$123.0K $37.20/SF
− Vacancy
−$5.5K −$1.67/SF
EGI
$117.5K $35.53/SF
− OpEx
−$35.2K −$10.66/SF
NOI
$82.2K $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%
$1,644,780
Cap Rate 7%
$1,174,843
Cap Rate 9%
$913,767
Alternative Uses
Best Use
Multifamily LT 5
$1.17M
$1.03M – $1.37M
NOI $82,239 @ 7.0% cap · market cap 6.59%
Second Best
Apartment 5plus
$1.05M
$916.7K – $1.22M
NOI $73,336 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,455 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
688
Businesses Nearby
Explore this area
Business Placement
Demographics for 10301, NY
41,474
Population
16,631
Households
2.5
Avg Household Size
40
Median Age
38%
College-Educated
88%
High-School Grad
3.8 sq mi
ZIP Area
10,914
Density / Sq Mi
$84,937
Median Household Income
$50,140
Median Earnings
$1,697
Median Rent
$657,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Move-in-ready detached two-family property with updated interiors, finished basement, solar panels, and separate utilities.
Where is this duplex located?
The property is located at 35 Cattaraugus St Staten Island, NY.
What is the asking price?
The asking price for this property is $1,248,000.
What are key features of this property?
This property features: Fully detached two‑family home built in 1965 in the Sunnyside neighborhood; Main residence offers four bedrooms plus updated kitchen and bath, bright living room, formal dining room, and family room; Full finished basement with separate access for extra living space, home office, gym, or recreation room
