End-Unit Townhouse with Studio
For Sale
$798,888
39 New Ln, Staten Island, NY 10305
Updated end-unit home with a private studio on the ground level and three-bedroom upper living space.
Property Size1,680 SF
Days on Market71
Property Features for 39 New Ln
General Information
Standard status
Active
Size
1,680 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$6,457
Building Details
Building Size
1,680 SF
Year Built
1995
Stories
3
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Pengyi Eridani Zhou
(917) 708-9966
Source:
Elliman
Added: Jun 16
Changed: Aug 23
Last Checked: Aug 24 at 8:30AM
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 Tiger Realty
Investment Insights
Based on property information with market context.
This updated end-unit townhouse is designed to support flexible living arrangements. The primary residence occupies the second and third floors, with a bright living area and a convenient half bathroom, followed by three generous bedrooms and a full bathroom upstairs. On the ground level, there is a walk-in studio apartment that includes its own full bathroom, offering an independent setup for guests or extended family. The property also includes a private driveway and a built-in garage. Newly installed heating, A/C, and hot water systems add a modern, move-in-ready element to the home. Outdoor space includes a sizable backyard and a side yard.
Set in Shore Acres on Staten Island, the home offers nearby access to local shops, dining, schools, and transportation options. Alice Austen Park is within walking distance, and the area is described as having waterfront views and historic charm.
For buyers seeking a residence that can also work like a light-income or multi-generational setup, the separate ground-level studio and the main three-bedroom layout provide practical separation of space. The on-site parking and dedicated outdoor areas support everyday usability, whether the studio is used for family, visiting guests, or a separate living situation.
Set in Shore Acres on Staten Island, the home offers nearby access to local shops, dining, schools, and transportation options. Alice Austen Park is within walking distance, and the area is described as having waterfront views and historic charm.
For buyers seeking a residence that can also work like a light-income or multi-generational setup, the separate ground-level studio and the main three-bedroom layout provide practical separation of space. The on-site parking and dedicated outdoor areas support everyday usability, whether the studio is used for family, visiting guests, or a separate living situation.
Key Highlights
- Updated end‑unit townhouse built in 1995, with a primary living layout across the 2nd and 3rd floors
- Ground‑level walk‑in studio apartment includes its own full bathroom
- Upper level features three bedrooms and a full 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
$44,109
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
5.52%
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%
$882,180
$882.2K
Cap Rate 7%
$630,129
$630.1K
Cap Rate 9%
$490,100
$490.1K
Market Conditions
NOI Build-Up for 1,680 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
$68.5K $40.80/SF
− Vacancy
−$5.5K −$3.29/SF
EGI
$63.0K $37.51/SF
− OpEx
−$18.9K −$11.25/SF
NOI
$44.1K $26.26/SF
Area
ZIP 10305
Vacancy
8.07%
Lease Rate
$40.80 /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%
$882,180
Cap Rate 7%
$630,129
Cap Rate 9%
$490,100
Alternative Uses
Best Use
Multifamily LT 5
$630.1K
$551.4K – $735.2K
NOI $44,109 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$579.7K
$507.3K – $676.4K
NOI $40,582 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$801.6K
$701.4K – $935.2K
NOI $56,112 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
734
Businesses Nearby
Explore this area
Business Placement
Demographics for 10305, NY
44,008
Population
16,850
Households
2.6
Avg Household Size
41
Median Age
32%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
11,002
Density / Sq Mi
$86,294
Median Household Income
$52,183
Median Earnings
$1,656
Median Rent
$627,200
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 - Updated end-unit home with a private studio on the ground level and three-bedroom upper living space.
Where is this duplex located?
The property is located at 39 New Ln Staten Island, NY.
What is the asking price?
The asking price for this property is $798,888.
What are key features of this property?
This property features: Updated end‑unit townhouse built in 1995, with a primary living layout across the 2nd and 3rd floors; Ground‑level walk‑in studio apartment includes its own full bathroom; Upper level features three bedrooms and a full bathroom
