Two-Family Detached
For Sale
Contact for pricing
Pending
37 Yale Street, Staten Island, NY 10303
Fully detached two-family layout with 3 bedrooms per floor and a finished basement for flexible living arrangements.
Property Size2,410 SF
Days on Market80
Property Features for 37 Yale Street
General Information
Standard status
Pending
Size
2,410 SF
Property subtype
Multifamily
Zoning
R3-2
Additional Details
Multifamily Units
2
Building Details
Year Built
1973
Stories
2
Units
1
Tenancy
Multi
Listing Agency:
ProBase Real Estate
Listed By:
JiaJie Zheng · License #10401377313
Source:
Crexi
Added: Jun 7
Changed: Aug 8
Last Checked: Jul 24 at 11:20AM
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 ProBase Real Estate
Investment Insights
Based on property information with market context.
This fully detached two-family home features a 6-over-6 style layout with three bedrooms and one bathroom on each floor. The first level includes a living room, dining room, full bathroom, a spacious walk-in closet, and a kitchen with direct access to the backyard. The second-floor entrance is provided from the side and includes a front balcony, with the same overall room layout.
The building is sized at 26 by 46 on a 36 by 90 lot, and includes a finished basement with two family rooms, a laundry area, and a built-in garage. The first floor was recently renovated, and the property will be delivered vacant at closing.
Set near the 278 Expressway and public transportation, this home suits multi-generation households seeking separate living spaces, or buyers looking for a turn-key path into multi-family ownership. The combination of two full residential floors plus finished basement space offers practical flexibility for day-to-day use, and the backyard access off the kitchen supports everyday outdoor living.
The building is sized at 26 by 46 on a 36 by 90 lot, and includes a finished basement with two family rooms, a laundry area, and a built-in garage. The first floor was recently renovated, and the property will be delivered vacant at closing.
Set near the 278 Expressway and public transportation, this home suits multi-generation households seeking separate living spaces, or buyers looking for a turn-key path into multi-family ownership. The combination of two full residential floors plus finished basement space offers practical flexibility for day-to-day use, and the backyard access off the kitchen supports everyday outdoor living.
Key Highlights
- Fully detached two‑family home with 3 bedrooms and 1 full bathroom on each floor
- 6‑over‑6 layout; 26x46 building size on a 36x90 lot
- First floor recently renovated with living room, dining room, full bathroom, walk‑in closet, and kitchen with backyard access
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
$59,932
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
6.67%
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%
$1,198,640
$1.2M
Cap Rate 7%
$856,171
$856.2K
Cap Rate 9%
$665,911
$665.9K
Market Conditions
NOI Build-Up for 2,410 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
$89.7K $37.20/SF
− Vacancy
−$4.0K −$1.67/SF
EGI
$85.6K $35.53/SF
− OpEx
−$25.7K −$10.66/SF
NOI
$59.9K $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%
$1,198,640
Cap Rate 7%
$856,171
Cap Rate 9%
$665,911
Alternative Uses
Best Use
Multifamily LT 5
$856.2K
$749.2K – $998.9K
NOI $59,932 @ 7.0% cap · market cap 6.67%
Second Best
Apartment 5plus
$763.5K
$668.1K – $890.7K
NOI $53,444 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,495 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
915
Businesses Nearby
Explore this area
Business Placement
Demographics for 10303, NY
28,155
Population
9,580
Households
2.9
Avg Household Size
34
Median Age
30%
College-Educated
83%
High-School Grad
3.2 sq mi
ZIP Area
8,798
Density / Sq Mi
$79,429
Median Household Income
$49,072
Median Earnings
$1,520
Median Rent
$457,600
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 - Fully detached two-family layout with 3 bedrooms per floor and a finished basement for flexible living arrangements.
Where is this duplex located?
The property is located at 37 Yale Street Staten Island, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Fully detached two‑family home with 3 bedrooms and 1 full bathroom on each floor; 6‑over‑6 layout; 26x46 building size on a 36x90 lot; First floor recently renovated with living room, dining room, full bathroom, walk‑in closet, and kitchen with backyard access
