Custom-Built Duplex with
For Sale
$1,599,000
38 Oswald Place, Staten Island, NY 10309
Residential, Duplex, Staten Island, NY
Property Size4,228 SF
Lot Size0.18 Acres
Price / SF$378.19
Days on Market53
Property Features for 38 Oswald Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3X
Bedrooms
6
Bathrooms
5
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 1, Bathroom 5, Bedroom 1, Bedroom 6, Bathroom 2, Bedroom 2, Bedroom 5, Bathroom 3, Bedroom 4, Bathroom 4
Parking features
Garage
Patio and Porch features
Deck, Porch
Interior features
Central Air, Deck, Dishwasher, Dryer, Fireplace, Garage Door Opener(s), Microwave, Porch, Refrigerator, Stove, Washer
Fireplace
1
Basement
Full, Finished
Subdivision
Princess Bay
Standard status
Active
Size
4,228 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Annual Amount
12703
Building Details
Year built
2013
Floors in Building
3
Number of units
2
Flooring type
Hardwood, Tile
Roof type
Asphalt
Architectural style
Other
Listing Agency:
RE/MAX Edge · RE/MAX International
Listed By:
Xiao (Emma) Zhu
(718) 612-3088
Added: Aug 10
Changed: Sep 30
Last Checked: Oct 1 at 2:06PM
MLS# 503656
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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.
This 2013-built duplex provides 4,228 square feet of finished space on a 0.1756-acre parcel. The primary residence includes formal living and dining rooms, a family room, an eat-in kitchen with solid-wood cabinetry, granite counters, center island, pantry, and deck access. Upstairs are a primary suite with private balcony and multiple additional bedrooms and baths. A separate lower-level apartment includes an entertainment room, 3/4 bath, laundry area, utility room, and access to the backyard and one-car garage.
Interior features include hardwood and tile flooring, central air, a fireplace, radiant-heated tile in the kitchen and bathrooms, a fire sprinkler system, and built-in appliances. The property also offers front and rear yards with a wooded backdrop, along with deck and porch areas. Located in Prince's Bay near Staten Island Mall, transportation, parks, restaurants, fitness centers, and schools, the home carries R3X zoning.
Interior features include hardwood and tile flooring, central air, a fireplace, radiant-heated tile in the kitchen and bathrooms, a fire sprinkler system, and built-in appliances. The property also offers front and rear yards with a wooded backdrop, along with deck and porch areas. Located in Prince's Bay near Staten Island Mall, transportation, parks, restaurants, fitness centers, and schools, the home carries R3X zoning.
Key Highlights
- 4,228 SF of finished space on a 0.1756‑acre lot
- Two‑family layout with a separate 900 SF lower‑level apartment
- 2013 construction with hardwood and tile flooring
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
$105,143
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
6.58%
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%
$2,102,860
$2.1M
Cap Rate 7%
$1,502,043
$1.5M
Cap Rate 9%
$1,168,256
$1.2M
Market Conditions
NOI Build-Up for 4,228 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
$157.3K $37.20/SF
− Vacancy
−$7.1K −$1.67/SF
EGI
$150.2K $35.53/SF
− OpEx
−$45.1K −$10.66/SF
NOI
$105.1K $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%
$2,102,860
Cap Rate 7%
$1,502,043
Cap Rate 9%
$1,168,256
Alternative Uses
Best Use
Multifamily LT 5
$1.50M
$1.31M – $1.75M
NOI $105,143 @ 7.0% cap · market cap 6.58%
Second Best
Apartment 5plus
$1.34M
$1.17M – $1.56M
NOI $93,760 @ 7.0% cap · market cap 5.86%
Theoretical Best
Office A
$2.02M
$1.77M – $2.35M
NOI $141,216 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family residence with separate lower-level living space, substantial outdoor areas, and an attached one-car garage.
Where is this duplex located?
The property is located at 38 Oswald Place Staten Island, NY.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: 4,228 SF of finished space on a 0.1756‑acre lot; Two‑family layout with a separate 900 SF lower‑level apartment; 2013 construction with hardwood and tile flooring
