Two-Family Colonial
For Sale
$1,199,000
Pending
38 Jasper Street, Staten Island, NY 10314
MULTI_FAMILY - Colonial - Staten Island, NY
Property Size2,592 SF
Lot Size0.10 Acres
Days on Market98
Property Features for 38 Jasper 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 2, Bathroom 5, Bedroom 3, Bedroom 4, Bathroom 3, Bathroom 2, Bedroom 1, Bathroom 4, Bathroom 1
Parking features
Garage, Driveway
Basement
Finished, Full
Lot features
Front Yard, Back Yard
Subdivision
Willowbrook
Standard status
Pending
APN
1965-00296
Size
2,592 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
9701
Utilities
Sewer type
Private Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
1970
Floors in Building
2
Number of units
2
Building materials
Vinyl Siding
Architectural style
Colonial
Listing Agency:
Homes R Us Realty of NY, Inc.
(718) 668-2550
Listed By:
Michael Taliercio · License #10401307640
(718) 668-2550
Added: May 19
Changed: Aug 2
Last Checked: Aug 24 at 8:06PM
MLS# 2602798
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.
38 Jasper Street is a well-maintained two-family Colonial home in Staten Island’s Willowbrook section. The property offers four bedrooms and four baths across both units, along with a full finished basement. Built in 1970, it features vinyl siding, forced-air natural gas heating, and central air.
The home provides garage and driveway parking and is serviced by a private sewer system. The layout includes multiple bedrooms and bathrooms, supporting flexible living arrangements.
Zoned R3-1, the property is positioned for convenient access to nearby shopping, transportation, schools, and local amenities.
The home provides garage and driveway parking and is serviced by a private sewer system. The layout includes multiple bedrooms and bathrooms, supporting flexible living arrangements.
Zoned R3-1, the property is positioned for convenient access to nearby shopping, transportation, schools, and local amenities.
Key Highlights
- Two‑family Colonial home in the Willowbrook section of Staten Island
- 4 bedrooms and 4 baths with a full finished basement
- Forced‑air natural gas heating with central air
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
$70,696
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
5.90%
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%
$1,413,920
$1.4M
Cap Rate 7%
$1,009,943
$1.0M
Cap Rate 9%
$785,511
$785.5K
Market Conditions
NOI Build-Up for 2,592 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
$105.8K $40.80/SF
− Vacancy
−$4.8K −$1.84/SF
EGI
$101.0K $38.96/SF
− OpEx
−$30.3K −$11.69/SF
NOI
$70.7K $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 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%
$1,413,920
Cap Rate 7%
$1,009,943
Cap Rate 9%
$785,511
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$883.7K – $1.18M
NOI $70,696 @ 7.0% cap · market cap 5.90%
Second Best
Apartment 5plus
$936.5K
$819.4K – $1.09M
NOI $65,555 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,573 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
427
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
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 - Well-maintained two-family Colonial on a 0.101-acre lot with central air, garage and driveway parking.
Where is this duplex located?
The property is located at 38 Jasper Street Staten Island, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Two‑family Colonial home in the Willowbrook section of Staten Island; 4 bedrooms and 4 baths with a full finished basement; Forced‑air natural gas heating with central air
