Two-Family Duplex with Basement
For Sale
$1,899,649
37 Torrice Loop, Staten Island, NY 10309
MULTI_FAMILY - Colonial - Staten Island, NY
Property Size4,000 SF
Lot Size0.17 Acres
Price / SF$474.91
Days on Market53
Property Features for 37 Torrice Loop
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3-X
Bedrooms
5
Bathrooms
5
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 2, Bedroom 5, Bedroom 1, Bathroom 5, Bathroom 1, Bedroom 2, Bathroom 4, Bedroom 3, Bathroom 3, Bedroom 4
Parking features
Driveway, Off Street, Open
Security features
Security System
Patio and Porch features
Patio
Interior features
Walk-In Closet(s), Central Vacuum, Ceiling Fan(s)
Fencing
Fenced
Basement
Full, Apartment, Finished
Lot features
Front Yard, Back Yard
Subdivision
Richmond Valley
Standard status
Active
Size
4,000 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
10242
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Cooling system
Central Air
Amenities
Baccarat Lighting
Wolf oven/stove
Wolf Microwave
Marble backsplash
Double Fisher & Paykel Dishwasher
Bar Refrigerator
Hemtech door knobs
Stone wall in Formal living rm
Color match thermostats
6 Zone Heat
Tile flooring with Radiant Heat
Upgraded Spindles in the Railings
Front Steps Slate
Slate Sill on all outside Windows
Brick/Stucco outside
Front 4 Zone Sprinkler Sys
Soffit Camera Sys
Pavers
Garage Tiled
Gas Line BBQ
Gas Pizza Oven
Outside Tv
Hot Tub
Custom Wet Bar with Refrigerator
Gas Fire place
Eat in Kitchen with Sliders to Yard
Laundry Closet
Master Bedroom Suite with WIC
Private Full Bath with Rain Head /shower Sprays/Shower Seat
Custom 2nd Full Bath
Building Details
Year built
2022
Floors in Building
3
Number of units
2
Building materials
Brick, Stone
Architectural style
Colonial
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Ann Grande · License #40GR1025086
(718) 987-7900
Added: Jul 1
Changed: Aug 17
Last Checked: Aug 22 at 2:06PM
MLS# 2603720
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.
37 Torrice Loop is a two-family duplex built in 2022 with a colonial architectural style, brick and stone exterior, and central air conditioning. The layout includes a formal living room with custom wet bar, formal dining room, great room with gas fireplace, and an eat-in kitchen with sliders to the yard. On the main levels there are five bedrooms and multiple bathrooms, along with a laundry closet and a half bath. Interior features include walk-in closet(s), central vacuum, and ceiling fans. Heating is natural gas hot water.
The property sits on a 0.1684-acre lot and offers driveway parking for up to 6 cars with off-street and open parking options. Outdoor features include a patio, fenced yard, pavers, and an entertainers yard with a full finished basement with a 3/4 bathroom and family room. A 1-bedroom basement apartment includes a separate side entrance, supporting a two-family living arrangement.
Notable details described include a gas line BBQ and a gas pizza oven, plus kitchen upgrades such as Wolf oven/stove and Wolf microwave, along with a marble backsplash and multiple dishwasher and refrigerator components.
The property sits on a 0.1684-acre lot and offers driveway parking for up to 6 cars with off-street and open parking options. Outdoor features include a patio, fenced yard, pavers, and an entertainers yard with a full finished basement with a 3/4 bathroom and family room. A 1-bedroom basement apartment includes a separate side entrance, supporting a two-family living arrangement.
Notable details described include a gas line BBQ and a gas pizza oven, plus kitchen upgrades such as Wolf oven/stove and Wolf microwave, along with a marble backsplash and multiple dishwasher and refrigerator components.
Key Highlights
- Zoned R3‑X two‑family duplex with a 1‑bedroom basement apartment and separate side entrance
- Built in 2022 with brick and stone construction and Colonial architectural style
- 0.1684‑acre lot and 4,000 SF total property size
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
$99,473
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
5.24%
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%
$1,989,460
$2.0M
Cap Rate 7%
$1,421,043
$1.4M
Cap Rate 9%
$1,105,256
$1.1M
Market Conditions
NOI Build-Up for 4,000 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
$148.8K $37.20/SF
− Vacancy
−$6.7K −$1.67/SF
EGI
$142.1K $35.53/SF
− OpEx
−$42.6K −$10.66/SF
NOI
$99.5K $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%
$1,989,460
Cap Rate 7%
$1,421,043
Cap Rate 9%
$1,105,256
Alternative Uses
Best Use
Multifamily LT 5
$1.42M
$1.24M – $1.66M
NOI $99,473 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$1.27M
$1.11M – $1.48M
NOI $88,704 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,601 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
914
Businesses Nearby
Explore this area
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
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 - Two-family duplex zoned R3-X with a 1-bedroom basement apartment, central air, and off-street driveway parking.
Where is this duplex located?
The property is located at 37 Torrice Loop Staten Island, NY.
What is the asking price?
The asking price for this property is $1,899,649.
What are key features of this property?
This property features: Zoned R3‑X two‑family duplex with a 1‑bedroom basement apartment and separate side entrance; Built in 2022 with brick and stone construction and Colonial architectural style; 0.1684‑acre lot and 4,000 SF total property size
