Two-Family
For Sale
$875,000
35 Elson Street, Staten Island, NY 10314
A lower-level one-bedroom rental has its own side entrance.
Property Size1,774 SF
Days on Market11
Property Features for 35 Elson Street
General Information
Standard status
Active
Size
1,774 SF
Property subtype
Half Duplex
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,659
Amenities
deck
fenced concreted yard
washer & dryer
Building Details
Building Size
1,774 SF
Year Built
1981
Listing Agency:
Robert DeFalco Realty, Inc.
Listed By:
Maged Girgis · License #30GI0978737
(347) 524-9029
Source:
Wonicarealtors
Added: Oct 27
Changed: Nov 4
Last Checked: Nov 4 at 8:02PM
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, Inc.
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Investment Insights
Based on property information with market context.
Built in 1981, this legal two-family duplex has a one-bedroom rental with a side entrance, plus a larger residence arranged across the upper floors. The main living area includes a living room, dining room, half bath, eat-in kitchen, and deck access. The top floor contains three bedrooms and a full bath, with wood flooring on both upper levels.
A finished basement adds a family room and utility area, with a washer and dryer. Improvements include a newer roof, central heating and air conditioning, fresh interior paint, and renovations. The property is near a highway.
A finished basement adds a family room and utility area, with a washer and dryer. Improvements include a newer roof, central heating and air conditioning, fresh interior paint, and renovations. The property is near a highway.
Key Highlights
- Legal two‑family duplex built in 1981
- Lower‑level one‑bedroom rental with side entrance
- Upper residence includes three bedrooms, a full bath, and wood flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,385
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$967,700
$967.7K
Cap Rate 7%
$691,214
$691.2K
Cap Rate 9%
$537,611
$537.6K
Market Conditions
NOI Build-Up for 1,774 SF
Gross rent
$72.4K $40.80/SF
− Vacancy
−$3.3K −$1.84/SF
EGI
$69.1K $38.96/SF
− OpEx
−$20.7K −$11.69/SF
NOI
$48.4K $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 Rate 5%
$967,700
Cap Rate 7%
$691,214
Cap Rate 9%
$537,611
Alternative Uses
Best Use
Multifamily LT 5
$691.2K
$604.8K – $806.4K
NOI $48,385 @ 7.0% cap · market cap 5.53%
Second Best
Apartment 5plus
$641.0K
$560.8K – $747.8K
NOI $44,867 @ 7.0% cap · market cap 5.13%
Theoretical Best
Office A
$846.5K
$740.7K – $987.5K
NOI $59,252 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
968
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A lower-level one-bedroom rental has its own side entrance.
Where is this duplex located?
The property is located at 35 Elson Street Staten Island, NY.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Legal two‑family duplex built in 1981; Lower‑level one‑bedroom rental with side entrance; Upper residence includes three bedrooms, a full bath, and wood flooring
