Two-Family Home with Private
35 Spruce Ln, Staten Island, NY 10309
For Sale
$929,000
A separate one-bedroom apartment has its own entrance, alongside the larger main residence.
Property Size2,700 SF
Price / SF$344.07
Days on Market9
Property Features for 35 Spruce Ln
General Information
Standard status
Size
Property subtype
Additional Details
HOA Fee
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Buildings
Listing Agency:
Amerihomes Realty of NY, Inc.
Listed By:
Wen Zhao Lin
(718) 447-2626
Source:
Exprealty
Added: Nov 2
Changed: Nov 9
Last Checked: Nov 10 at 3:13PM
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 Amerihomes Realty of NY, Inc.
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Investment Insights
Based on property information with market context.
This two-family residence contains a main home and a separate one-bedroom apartment with a private entrance. The primary residence includes a living room, eat-in kitchen, formal dining room, family room with gas fireplace, powder room, and dedicated laundry room. Upstairs are three bedrooms, including a primary suite with two walk-in closets and a full bath with steam shower. Hardwood floors, custom doors, and attic storage add to the interior features. The property measures 2,700 square feet, with dimensions of 25 by 40 feet. A paved driveway and private garage provide on-site parking, and the roof was replaced in 2022.
Located at 35 Spruce Ln in Staten Island, the property is subject to an HOA that covers snow removal.
Located at 35 Spruce Ln in Staten Island, the property is subject to an HOA that covers snow removal.
Key Highlights
- Separate one‑bedroom apartment with private entrance
- 2,700‑square‑foot two‑family residence; dimensions are 25' x 40'
- Main residence has three bedrooms and a primary suite with two walk‑in closets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,144
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,342,880
$1.3M
Cap Rate 7%
$959,200
$959.2K
Cap Rate 9%
$746,044
$746.0K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$100.4K $37.20/SF
− Vacancy
−$4.5K −$1.67/SF
EGI
$95.9K $35.53/SF
− OpEx
−$28.8K −$10.66/SF
NOI
$67.1K $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%
$1,342,880
Cap Rate 7%
$959,200
Cap Rate 9%
$746,044
Alternative Uses
Best Use
Multifamily LT 5
$959.2K
$839.3K – $1.12M
NOI $67,144 @ 7.0% cap · market cap 7.23%
Second Best
Apartment 5plus
$855.4K
$748.4K – $997.9K
NOI $59,875 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,181 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
267
Businesses Nearby
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Business Placement
Demographics for 10309, NY
33,523
Population
12,770
Households
2.6
Avg Household Size
41
Median Age
40%
College-Educated
92%
High-School Grad
7.3 sq mi
ZIP Area
4,592
Density / Sq Mi
$123,638
Median Household Income
$67,348
Median Earnings
$1,907
Median Rent
$745,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Staten Island, NY
Properties on Market for Duplexes in Staten Island
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A separate one-bedroom apartment has its own entrance, alongside the larger main residence.
Where is this duplex located?
The property is located at 35 Spruce Ln Staten Island, NY.
What is the asking price?
The asking price for this property is $929,000.
What are key features of this property?
This property features: Separate one‑bedroom apartment with private entrance; 2,700‑square‑foot two‑family residence; dimensions are 25' x 40'; Main residence has three bedrooms and a primary suite with two walk‑in closets
