Two-Family Duplex with Finished
New
For Sale
$875,000
35 Elson Street, Staten Island, NY 10314
Residential Income, Staten Island, NY
Property Size1,774 SF
Lot Size0.05 Acres
Price / SF$493.24
Days on Market1
Property Features for 35 Elson Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3-1
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 2, Bedroom 4
Parking features
Off Street, Driveway
Patio and Porch features
Deck, Patio
Exterior features
Balcony
Fencing
Fenced
Basement
Full, Finished
Lot features
Back Yard
Subdivision
Bulls Head
Standard status
Active
APN
01622-0058
Size
1,774 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
6659
Utilities
Sewer type
Private Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Amenities
central air conditioning
deck
fenced yard
wood floors
finished basement
family room
washer/dryer
Building Details
Year built
1981
Floors in Building
3
Number of units
2
Building materials
Brick, Vinyl Siding
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Maged Girgis
(347) 524-9029
Added: Oct 27
Last Checked: Oct 27 at 6:06PM
MLS# 2606022
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.
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Investment Insights
Based on property information with market context.
This legal two-family duplex contains 1,774 square feet on a 0.053-acre lot and was built in 1981. The lower-level rental area has a side entrance and one bedroom. The main living area includes a living room, dining room, half bath, and eat-in kitchen with access to a deck; the upper level has three bedrooms and a full bathroom. A finished basement adds a family room, utility area, washer, and dryer.
Recent improvements include a new roof, central heating and air conditioning, and fresh interior paint. The property has brick and vinyl siding, a fenced yard, patio, and off-street driveway parking. It is located in Staten Island, NY, near a highway, and is zoned R3-1.
Recent improvements include a new roof, central heating and air conditioning, and fresh interior paint. The property has brick and vinyl siding, a fenced yard, patio, and off-street driveway parking. It is located in Staten Island, NY, near a highway, and is zoned R3-1.
Key Highlights
- Legal two‑family property with a separate one‑bedroom rental area
- 1,774 square feet on a 0.053‑acre lot
- Three‑bedroom upper level and main living area with eat‑in kitchen and deck access
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.
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Who owns this building?
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
968
Businesses Nearby
Explore this area
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 four-bedroom configuration includes a separate one-bedroom rental area, deck, fenced yard, and driveway parking.
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 property with a separate one‑bedroom rental area; 1,774 square feet on a 0.053‑acre lot; Three‑bedroom upper level and main living area with eat‑in kitchen and deck access
