Brick Two-Family
New
For Sale
$994,999
39 Hemlock Street, Staten Island, NY 10309
MULTI_FAMILY - Ranch - Staten Island, NY
Property Size2,496 SF
Lot Size0.10 Acres
Price / SF$398.64
Days on Market1
Property Features for 39 Hemlock Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3-1
Bedrooms
4
Bathrooms
4
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 3, Bedroom 2, Bathroom 4, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 2
Parking features
On Street, Off Street, Driveway
Patio and Porch features
Deck
Pool private
1
Interior features
Ceiling Fan(s)
Basement
Finished
Lot features
Back Yard
Subdivision
Rossville
Standard status
Active
APN
070320068
Size
2,496 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
8555
HOA Fee
$850 Annually
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Amenities
above-ground pool
deck
community pool
tennis courts
Building Details
Year built
1987
Floors in Building
2
Number of units
2
Building materials
Brick, Vinyl Siding
Architectural style
Ranch
Listing Agency:
Hometime Estates LLC
(718) 524-0400
Listed By:
Joseph Giaccio · License #10401269947
(917) 751-5921
Added: Aug 14
Last Checked: Aug 14 at 10:06AM
MLS# 2604469
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.
This 2,496-square-foot, two-family duplex was built in 1987 and features a brick and vinyl-siding exterior with a ranch-style layout. The primary residence includes three bedrooms, three bathrooms, hardwood flooring, granite countertops, ceramic tile, stainless-steel appliances, a family room, finished basement, laundry room, kitchenette, and central air conditioning. A newer Trex deck, paver-finished yard, above-ground pool, and oversized side yard expand the usable outdoor space.
The separate one-bedroom apartment has its own entrance and utilities, along with a kitchen, living room, bedroom, and full bathroom. Additional property features include a newer roof, newer hot water heaters serving both residences, and upgraded 200 amp electric service. Off-street parking is available through the driveway, with additional on-street parking. The property is near schools, shopping, restaurants, and public transportation, with HOA access to a community pool and tennis courts.
The separate one-bedroom apartment has its own entrance and utilities, along with a kitchen, living room, bedroom, and full bathroom. Additional property features include a newer roof, newer hot water heaters serving both residences, and upgraded 200 amp electric service. Off-street parking is available through the driveway, with additional on-street parking. The property is near schools, shopping, restaurants, and public transportation, with HOA access to a community pool and tennis courts.
Key Highlights
- 2496 square feet on 0.0987 acres
- Two‑family layout with a separate 1‑bedroom apartment and private entrance
- Separate utilities for the apartment; main residence includes 3 bedrooms and 3 bathrooms
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
Property Profile
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Ranch-style residence with a private apartment, updated systems, and outdoor entertaining areas.
Where is this duplex located?
The property is located at 39 Hemlock Street 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: 2496 square feet on 0.0987 acres; Two‑family layout with a separate 1‑bedroom apartment and private entrance; Separate utilities for the apartment; main residence includes 3 bedrooms and 3 bathrooms
