Custom Two-Family
New
For Sale
$1,649,000
38 Oswald Pl, Staten Island, NY 10309
Spacious duplex with a separate lower-level apartment, multiple living areas, upscale finishes, and outdoor entertaining space.
Property Size4,228 SF
Lot Size0.18 Acres
Price / SF$392.62
Days on Market4
Property Features for 38 Oswald Pl
General Information
Standard status
Active
Size
4,228 SF
Total Parking Spaces
1
Lot size
0.18 Acres
Property subtype
Multi Family
Additional Details
Sprinkler System
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$12,703
Amenities
fireplace
deck
private balcony
Jacuzzi tub
laundry area
Building Details
Building Size
4,228 SF
Year Built
2013
Buildings
1
Stories
3
Listing Agency:
Womcore LLC dba Remax Edge
(718) 612-3088
Listed By:
Xiao (Emma) Zhu
(718) 612-3088
Source:
Elliman
Added: Aug 11
Changed: Aug 12
Last Checked: Aug 13 at 8:04AM
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 Womcore LLC dba Remax Edge
Investment Insights
Based on property information with market context.
Built in 2013, this custom duplex provides approximately 4,200 SF of finished space, comprising a 3,328 SF main residence and a 900 SF lower-level apartment. The primary home includes formal living and dining rooms, a family room, an eat-in kitchen with solid-wood cabinetry, granite counters, center island, pantry, and upgraded appliances, plus four bedrooms and multiple bathrooms. Hardwood flooring, radiant-heated tile, a full-house fire sprinkler system, and detailed lighting are among the interior improvements.
The lower level adds an entertainment room with high ceilings, windows, and backyard access, along with a three-quarter bath, laundry area, utility room, and one-car garage. The property occupies an oversized 7,650 SF lot with front and rear yards and a wooded backdrop. A deck, private balcony, fireplace, Jacuzzi tub, bidet, and custom hardware further expand the home's amenity package. The property is near Staten Island Mall, parks, restaurants, fitness centers, transportation, and schools including PS 3, IS 7, and Tottenville High School.
The lower level adds an entertainment room with high ceilings, windows, and backyard access, along with a three-quarter bath, laundry area, utility room, and one-car garage. The property occupies an oversized 7,650 SF lot with front and rear yards and a wooded backdrop. A deck, private balcony, fireplace, Jacuzzi tub, bidet, and custom hardware further expand the home's amenity package. The property is near Staten Island Mall, parks, restaurants, fitness centers, transportation, and schools including PS 3, IS 7, and Tottenville High School.
Key Highlights
- Approximately 4,200 SF of finished space, including a 3,328 SF main residence and 900 SF lower‑level apartment
- Two‑family layout with four bedrooms in the main residence
- Oversized 7,650 SF lot with front and rear yards plus a wooded backdrop
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
$104,446
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
6.33%
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%
$2,088,920
$2.1M
Cap Rate 7%
$1,492,086
$1.5M
Cap Rate 9%
$1,160,511
$1.2M
Market Conditions
NOI Build-Up for 4,200 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
$156.2K $37.20/SF
− Vacancy
−$7.0K −$1.67/SF
EGI
$149.2K $35.53/SF
− OpEx
−$44.8K −$10.66/SF
NOI
$104.4K $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%
$2,088,920
Cap Rate 7%
$1,492,086
Cap Rate 9%
$1,160,511
Alternative Uses
Best Use
Multifamily LT 5
$1.49M
$1.31M – $1.74M
NOI $104,446 @ 7.0% cap · market cap 6.33%
Second Best
Apartment 5plus
$1.33M
$1.16M – $1.55M
NOI $93,139 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$2.00M
$1.75M – $2.34M
NOI $140,281 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
556
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 - Spacious duplex with a separate lower-level apartment, multiple living areas, upscale finishes, and outdoor entertaining space.
Where is this duplex located?
The property is located at 38 Oswald Pl Staten Island, NY.
What is the asking price?
The asking price for this property is $1,649,000.
What are key features of this property?
This property features: Approximately 4,200 SF of finished space, including a 3,328 SF main residence and 900 SF lower‑level apartment; Two‑family layout with four bedrooms in the main residence; Oversized 7,650 SF lot with front and rear yards plus a wooded backdrop
