Duplex with Finished
New
For Sale
$1,248,000
40 Eugene Street, Staten Island, NY 10309
Residential, Staten Island, NY
Property Size4,050 SF
Lot Size0.11 Acres
Price / SF$308.15
Days on Market2
Property Features for 40 Eugene Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-3X
Bedrooms
6
Bathrooms
5
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 5, Bathroom 4, Bathroom 5, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 6
Interior features
Central Air, Laundry Area, Stove
Basement
Finished, Full
Subdivision
Pleasant Plains
Standard status
Active
Size
4,050 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
12200
Building Details
Year built
2021
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Tile
Building materials
Wood Frame
Roof type
Shingle
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Renzhang Danny Dong · License #RD7348
(929) 291-9897
Added: Sep 30
Last Checked: Oct 1 at 3:06PM
MLS# 504960
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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.
Built in 2021, this two-family duplex offers 4,050 square feet of living area, including a finished lower level. Each of the two residential levels has an eat-in kitchen, three bedrooms, and two full bathrooms. The lower level adds a three-quarter bathroom and access to the yard. Hardwood and tile flooring, central air, laundry space, and a full interior sprinkler system are among the property’s features.
Front and rear parking pads accommodate up to four cars. The property is zoned R-3X and is near public transportation, schools, and neighborhood retail.
Front and rear parking pads accommodate up to four cars. The property is zoned R-3X and is near public transportation, schools, and neighborhood retail.
Key Highlights
- Two‑family duplex with 4,050 square feet, including a finished lower level
- Each residential level has three bedrooms, an eat‑in kitchen, and two full bathrooms
- Finished lower level includes a three‑quarter bathroom and yard access
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
$100,716
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
8.07%
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%
$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
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
$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 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%
$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
NOI $100,716 @ 7.0% cap · market cap 8.07%
Second Best
Apartment 5plus
$1.28M
$1.12M – $1.50M
NOI $89,813 @ 7.0% cap · market cap 7.20%
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
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
Lease Details
2
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
668
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residential levels each provide a kitchen, three bedrooms, and two full bathrooms.
Where is this duplex located?
The property is located at 40 Eugene Street 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: Two‑family duplex with 4,050 square feet, including a finished lower level; Each residential level has three bedrooms, an eat‑in kitchen, and two full bathrooms; Finished lower level includes a three‑quarter bathroom and yard access
