Stone-Front Duplex with Finished
For Sale
$1,290,000
3985 Victory Blvd, Staten Island, NY 10314
Two-level layout includes separate kitchens, multiple living areas, and outdoor deck and balcony access.
Property Size2,867 SF
Lot Size0.13 Acres
Price / SF$449.95
Days on Market8
Property Features for 3985 Victory Blvd
General Information
Standard status
Active
Size
2,867 SF
Lot size
0.13 Acres
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Amenities
wood-burning fireplace
wraparound deck
balcony
finished attic
finished basement
laundry room
Building Details
Building Size
2,867 SF
Year Built
1925
Buildings
1
Stories
2
Construction
stone-front
Tenancy
Single
Listing Agency:
GAMA GROUP LLC
Listed By:
Gabriel Lian
(718) 717-7727
Source:
Elliman
Added: Sep 2
Changed: Sep 3
Last Checked: Sep 8 at 8:40AM
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 GAMA GROUP LLC
Investment Insights
Based on property information with market context.
Located at 3985 Victory Blvd in Staten Island’s Travis area, this 1925 stone-front duplex offers 2,867 sqft of above-grade living space across a flexible residential layout. The main floor features a combined living and dining room with a wood-burning fireplace, an eat-in kitchen, two bedrooms, a full bathroom, laundry, and several connections to the rear deck and yard.
The upper level includes an updated eat-in kitchen, living room, bedroom, full bathroom, front balcony, and access to a finished attic suitable for office or supplemental space. A separate rear staircase leads to a private primary suite with its own bedroom, bathroom, and enclosed balcony. A fully finished basement extends the length of the home, while the front brick-paver area provides parking for several cars. The property occupies a 5,700 sqft lot with a wraparound deck and convenient proximity to major shopping and highway access.
The upper level includes an updated eat-in kitchen, living room, bedroom, full bathroom, front balcony, and access to a finished attic suitable for office or supplemental space. A separate rear staircase leads to a private primary suite with its own bedroom, bathroom, and enclosed balcony. A fully finished basement extends the length of the home, while the front brick-paver area provides parking for several cars. The property occupies a 5,700 sqft lot with a wraparound deck and convenient proximity to major shopping and highway access.
Key Highlights
- 2,867 sqft of above‑grade living space in a 1925 duplex
- Fully finished basement running the entire length of the home
- 4‑bedroom, 4‑bathroom configuration with separate upper‑level living areas
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
$78,197
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
6.06%
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%
$1,563,940
$1.6M
Cap Rate 7%
$1,117,100
$1.1M
Cap Rate 9%
$868,856
$868.9K
Market Conditions
NOI Build-Up for 2,867 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
$117.0K $40.80/SF
− Vacancy
−$5.3K −$1.84/SF
EGI
$111.7K $38.96/SF
− OpEx
−$33.5K −$11.69/SF
NOI
$78.2K $27.27/SF
Area
ZIP 10314
Vacancy
4.50%
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%
$1,563,940
Cap Rate 7%
$1,117,100
Cap Rate 9%
$868,856
Alternative Uses
Best Use
Multifamily LT 5
$1.12M
$977.5K – $1.30M
NOI $78,197 @ 7.0% cap · market cap 6.06%
Second Best
Apartment 5plus
$1.04M
$906.4K – $1.21M
NOI $72,510 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,758 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
545
Businesses Nearby
Explore this area
Business Placement
Demographics for 10314, NY
92,157
Population
33,554
Households
2.7
Avg Household Size
41
Median Age
37%
College-Educated
89%
High-School Grad
13.0 sq mi
ZIP Area
7,089
Density / Sq Mi
$104,655
Median Household Income
$58,769
Median Earnings
$1,726
Median Rent
$665,500
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-level layout includes separate kitchens, multiple living areas, and outdoor deck and balcony access.
Where is this duplex located?
The property is located at 3985 Victory Blvd Staten Island, NY.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: 2,867 sqft of above‑grade living space in a 1925 duplex; Fully finished basement running the entire length of the home; 4‑bedroom, 4‑bathroom configuration with separate upper‑level living areas
