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Duplex with Finished Basement
New
For Sale
$1,248,000

40 Eugene St, Staten Island, NY 10309

Two separate living levels each provide a kitchen, three bedrooms, and two full bathrooms.

Property Size4,050 SF
Lot Size0.11 Acres
Price / SF$308.15
Days on Market7

Property Features for 40 Eugene St

General Information

Standard status Active
Size 4,050 SF
Total Parking Spaces 4
Lot size 0.11 Acres
Property subtype Multi Family

Units

Unit Mix 2 x 3BR/2BA
Multifamily Units 2

Additional Details

Public Transit Yes
Sprinkler System Yes

Taxes and HOA fees

Annual Taxes $12,200

Building Details

Building Size 4,050 SF
Year Built 2021
Buildings 1
Stories 2
Listing Agency: Womcore LLC dba Remax Edge
Listed By: Renzhang Danny Dong · License #RD7348
Source: Elliman
Added: Oct 1 Last Checked: Oct 5 at 6:57PM

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 Womcore LLC dba Remax Edge

Investment Insights

Based on property information with market context.

Built in 2021, this duplex contains two living levels and approximately 4,050 square feet, including the finished lower level. Each upper level has an eat-in kitchen, three bedrooms, and two full bathrooms. The first floor also features hardwood flooring and 9-foot ceilings; the second has open living and dining areas with attic storage access. The finished basement includes a three-quarter bathroom and yard access. A full interior sprinkler system serves the property.

The 4,773-square-foot lot has front and rear parking pads with capacity for up to four cars. Public transportation, educational options, and neighborhood shopping are nearby. TransitScore is 60, WalkScore is 62, and BikeScore is 32.

Key Highlights

  • Approximately 4,050 square feet of living space, including the finished lower level
  • Two living levels, each with 3 bedrooms and 2 full bathrooms
  • Finished basement with a 3/4 bathroom and direct yard access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$100,716
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,014,320 $2.0M
Cap Rate 7%
$1,438,800 $1.4M
Cap Rate 9%
$1,119,067 $1.1M
Market Conditions
NOI Build-Up for 4,050 SF
Gross rent
$150.7K $37.20/SF
− Vacancy
−$6.8K −$1.67/SF
EGI
$143.9K $35.53/SF
− OpEx
−$43.2K −$10.66/SF
NOI
$100.7K $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 Rate 5%
$2,014,320
Cap Rate 7%
$1,438,800
Cap Rate 9%
$1,119,067

Alternative Uses

Best Use
Multifamily LT 5
$1.44M
$1.26M – $1.68M (±1% cap)
NOI $100,716 @ 7.0% cap · market cap 8.07%
Second Best
Apartment 5plus
$1.28M
$1.12M – $1.50M (±1% cap)
NOI $89,813 @ 7.0% cap · market cap 7.20%
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M (±1% cap)
NOI $135,271 @ 7.0% cap · market cap 10.84%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Dental Office Furniture & Home Goods Parking Lot & Garage Auto Parts Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Sprinkler system

Location Intelligence

Trade Area within ½ mile

335
Businesses Nearby

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
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two separate living levels each provide a kitchen, three bedrooms, and two full bathrooms.
Where is this duplex located?
The property is located at 40 Eugene St Staten Island, NY.
What is the asking price?
The asking price for this property is $1,248,000.
What are key features of this property?
This property features: Approximately 4,050 square feet of living space, including the finished lower level; Two living levels, each with 3 bedrooms and 2 full bathrooms; Finished basement with a 3/4 bathroom and direct yard access
More about this property
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