Two-Family Home With Finished
For Sale
Contact for pricing
40 Eugene Street, Staten Island, NY 10309
5-year-old 6/6 two-family with finished basement, yard access, and multiple parking pads.
Property Size2,700 SF
Lot Size0.11 Acres
Price / SF$493.70
Days on Market137
Property Features for 40 Eugene Street
General Information
Standard status
Active
Size
2,700 SF
Total Parking Spaces
3
Lot size
0.11 Acres
Property subtype
Multifamily
Zoning
R-3X
Warehouse & Industrial
Clear Height
9 ft
Sprinkler System
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
2021
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
DiTommaso Real Estate
Listed By:
Shi Cui Tang · License #New York
(917) 861-6288
Source:
Crexi
Added: Apr 19
Changed: Aug 27
Last Checked: Sep 1 at 5:35PM
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 DiTommaso Real Estate
Investment Insights
Based on property information with market context.
Craftsman-style 5-year-old 6/6 two-family home offering approximately 2,700 sq. ft. of living space on a 4,773 sq. ft. lot. The property includes Level 1 and Level 2 residences with eat-in kitchens featuring granite countertops, stainless steel appliances, recessed lighting, and crown molding, along with hardwood floors and baseboard heating. Each level offers a primary bedroom with a 3/4 bath and an additional full bath off the hallway, plus attic storage. A large, full finished basement includes a 3/4 bath with yard access, and the home is equipped with a sprinkler system throughout.
Parking is provided via a rear parking pad and two additional parking pads in front. The property is described as close to transportation, schools, and shopping.
Parking is provided via a rear parking pad and two additional parking pads in front. The property is described as close to transportation, schools, and shopping.
Key Highlights
- 2021‑built 6/6 two‑family with 2,700 sq ft of living space on a 4,773 sq ft lot
- Multiple parking pads: rear parking pad plus 2 additional parking pads in front
- Level 1 features 9 ft ceilings, eat‑in kitchen with granite countertops, stainless steel appliances, and hardwood floors
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
$67,144
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
5.04%
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%
$1,342,880
$1.3M
Cap Rate 7%
$959,200
$959.2K
Cap Rate 9%
$746,044
$746.0K
Market Conditions
NOI Build-Up for 2,700 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
$100.4K $37.20/SF
− Vacancy
−$4.5K −$1.67/SF
EGI
$95.9K $35.53/SF
− OpEx
−$28.8K −$10.66/SF
NOI
$67.1K $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%
$1,342,880
Cap Rate 7%
$959,200
Cap Rate 9%
$746,044
Alternative Uses
Best Use
Multifamily LT 5
$959.2K
$839.3K – $1.12M
NOI $67,144 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$855.4K
$748.4K – $997.9K
NOI $59,875 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,181 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
9 ft
Clear height
2
Residential units
Multi-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
335
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
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Frequently Asked Questions
What type of property is this?
Duplex - 5-year-old 6/6 two-family with finished basement, yard access, and multiple parking pads.
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 $1,333,000.
What are key features of this property?
This property features: 2021‑built 6/6 two‑family with 2,700 sq ft of living space on a 4,773 sq ft lot; Multiple parking pads: rear parking pad plus 2 additional parking pads in front; Level 1 features 9 ft ceilings, eat‑in kitchen with granite countertops, stainless steel appliances, and hardwood floors
