Detached Duplex with In-Ground
For Sale
$1,235,999
38 Mulberry Circle, Staten Island, NY 10314
Two separate residences include a three-bedroom main home and a two-bedroom unit with its own side entrance.
Property Size2,870 SF
Lot Size0.12 Acres
Price / SF$430.66
Days on Market28
Property Features for 38 Mulberry Circle
General Information
Standard status
Active
Size
2,870 SF
Total Parking Spaces
1
Lot size
0.12 Acres
Property subtype
Residential Income
Zoning
R3-1
Units
Unit Mix
3BR/3BA, 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,015
Amenities
in-ground pool
Balcony
Building Details
Building Size
2,870 SF
Year Built
1975
Buildings
1
Stories
2
Units
2
Listing Agency:
Tom Crimmins Realty, Ltd.
(718) 370-3200
Listed By:
Jennifer Dattoli
(917) 337-4808
Source:
Connieprofaci
Added: Sep 30
Changed: Oct 25
Last Checked: Oct 26 at 3:41AM
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 Tom Crimmins Realty, Ltd.
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Investment Insights
Based on property information with market context.
Built in 1975, this detached two-family home has a main residence spanning the first and second floors, with three bedrooms, three bathrooms, an eat-in kitchen, living and dining rooms, and a family room. A full finished basement adds indoor space. The separate second residence has a side entrance, two bedrooms, a living room, a kitchen, and a full bathroom. The property also includes an in-ground pool and a 5,234-square-foot lot.
The property is in New Springville and is zoned R3-1.
The property is in New Springville and is zoned R3-1.
Key Highlights
- Detached two‑family home with a three‑bedroom, three‑bathroom main residence
- Separate second unit has two bedrooms and a side entrance
- 5,234‑square‑foot lot with an in‑ground pool
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,279
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,565,580
$1.6M
Cap Rate 7%
$1,118,271
$1.1M
Cap Rate 9%
$869,767
$869.8K
Market Conditions
NOI Build-Up for 2,870 SF
Gross rent
$117.1K $40.80/SF
− Vacancy
−$5.3K −$1.84/SF
EGI
$111.8K $38.96/SF
− OpEx
−$33.5K −$11.69/SF
NOI
$78.3K $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%
$1,565,580
Cap Rate 7%
$1,118,271
Cap Rate 9%
$869,767
Alternative Uses
Best Use
Multifamily LT 5
$1.12M
$978.5K – $1.30M
NOI $78,279 @ 7.0% cap · market cap 6.33%
Second Best
Apartment 5plus
$1.04M
$907.3K – $1.21M
NOI $72,586 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,859 @ 7.0% cap · market cap 7.76%
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
718
Businesses Nearby
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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 - Two separate residences include a three-bedroom main home and a two-bedroom unit with its own side entrance.
Where is this duplex located?
The property is located at 38 Mulberry Circle Staten Island, NY.
What is the asking price?
The asking price for this property is $1,235,999.
What are key features of this property?
This property features: Detached two‑family home with a three‑bedroom, three‑bathroom main residence; Separate second unit has two bedrooms and a side entrance; 5,234‑square‑foot lot with an in‑ground pool
