Updated Two-Family Duplex with
For Sale
$994,999
Pending
39 Hemlock St, Staten Island, NY 10309
Semi-attached duplex with a separate apartment, private outdoor space, updated systems, and generous off-street parking.
Property Size2,496 SF
Days on Market38
Property Features for 39 Hemlock St
General Information
Standard status
Pending
Size
2,496 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/3BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
HOA Fee
$70.83
Public Transit
Yes
Amenities
above-ground pool
deck
community pool and tennis
laundry room
kitchenette
Jacuzzi tub
Building Details
Year Built
1987
Buildings
1
Listing Agency:
Hometime Estates LLC
Listed By:
Joseph Giaccio · License #10401269947
(917) 613-2640
Source:
Statenislandhomelistings
Added: Aug 3
Changed: Sep 7
Last Checked: Sep 8 at 8:55AM
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 Hometime Estates LLC
Investment Insights
Based on property information with market context.
This 1987 semi-attached duplex offers 2,496 square feet across a three-bedroom main residence and a separate one-bedroom apartment. The main home includes hardwood floors, granite countertops, ceramic tile, stainless-steel appliances, an open-concept second floor, family room, finished basement, laundry room, kitchenette, and multiple bathrooms. A new Trex deck extends the living area outdoors, while the apartment has its own entrance, separate utilities, kitchen, living room, bedroom, and new full bathroom.
The property includes a paver-finished backyard, above-ground pool, oversized side yard, and generous off-street parking. Recent improvements include newer roofing, new central air conditioning systems and hot water heaters for both residences, and upgraded 200-amp electric service. The HOA provides access to a community pool and tennis facilities. Located at 39 Hemlock St in Staten Island, the property is near schools, shopping, restaurants, and public transportation.
The property includes a paver-finished backyard, above-ground pool, oversized side yard, and generous off-street parking. Recent improvements include newer roofing, new central air conditioning systems and hot water heaters for both residences, and upgraded 200-amp electric service. The HOA provides access to a community pool and tennis facilities. Located at 39 Hemlock St in Staten Island, the property is near schools, shopping, restaurants, and public transportation.
Key Highlights
- 2,496 square feet with a three‑bedroom main residence and separate one‑bedroom apartment
- Separate apartment includes a private entrance and separate utilities
- Finished basement with laundry room, kitchenette, and additional bathroom
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
$62,071
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
6.24%
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%
$1,241,420
$1.2M
Cap Rate 7%
$886,729
$886.7K
Cap Rate 9%
$689,678
$689.7K
Market Conditions
NOI Build-Up for 2,496 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
$92.9K $37.20/SF
− Vacancy
−$4.2K −$1.67/SF
EGI
$88.7K $35.53/SF
− OpEx
−$26.6K −$10.66/SF
NOI
$62.1K $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%
$1,241,420
Cap Rate 7%
$886,729
Cap Rate 9%
$689,678
Alternative Uses
Best Use
Multifamily LT 5
$886.7K
$775.9K – $1.03M
NOI $62,071 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$790.7K
$691.9K – $922.5K
NOI $55,351 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,367 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
475
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
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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 - Semi-attached duplex with a separate apartment, private outdoor space, updated systems, and generous off-street parking.
Where is this duplex located?
The property is located at 39 Hemlock St Staten Island, NY.
What is the asking price?
The asking price for this property is $994,999.
What are key features of this property?
This property features: 2,496 square feet with a three‑bedroom main residence and separate one‑bedroom apartment; Separate apartment includes a private entrance and separate utilities; Finished basement with laundry room, kitchenette, and additional bathroom
