Two-Unit Duplex with Finished
For Sale
Contact for pricing
Pending
40 Tompkins Street, Staten Island, NY 10304
Two apartments include a new kitchen, finished attic, and partially finished basement.
Property Size1,790 SF
Days on Market639
Property Features for 40 Tompkins Street
General Information
Standard status
Pending
Size
1,790 SF
Property subtype
Multifamily
Zoning
R-3-2
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Building Details
Year Built
1899
Stories
2
Listing Agency:
Prospect We Realty Inc.
Listed By:
Phil Banker · License #10401227594
Source:
Crexi
Added: Jan 27, 2025
Changed: Oct 25
Last Checked: Oct 28 at 7:56AM
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 Prospect We Realty Inc.
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Investment Insights
Based on property information with market context.
This duplex contains two apartments within a 1,790-square-foot residential building. The second-floor unit offers three bedrooms and access to a finished attic, while the first-floor apartment includes two bedrooms and a new kitchen. A partially finished basement adds additional usable space.
Built in 1899, the property is zoned R-3-2 and is located at 40 Tompkins Street in Staten Island, NY 10304.
Built in 1899, the property is zoned R-3-2 and is located at 40 Tompkins Street in Staten Island, NY 10304.
Key Highlights
- Two apartments in a 1,790‑square‑foot duplex
- Second‑floor unit with 3 bedrooms and finished attic
- First‑floor apartment with 2 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,232
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$884,640
$884.6K
Cap Rate 7%
$631,886
$631.9K
Cap Rate 9%
$491,467
$491.5K
Market Conditions
NOI Build-Up for 1,790 SF
Gross rent
$68.7K $38.40/SF
− Vacancy
−$5.5K −$3.10/SF
EGI
$63.2K $35.30/SF
− OpEx
−$19.0K −$10.59/SF
NOI
$44.2K $24.71/SF
Area
ZIP 10304
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$884,640
Cap Rate 7%
$631,886
Cap Rate 9%
$491,467
Alternative Uses
Best Use
Multifamily LT 5
$631.9K
$552.9K – $737.2K
NOI $44,232 @ 7.0% cap · market cap 6.50%
Second Best
Apartment 5plus
$579.1K
$506.7K – $675.6K
NOI $40,537 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$854.1K
$747.3K – $996.4K
NOI $59,786 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,418
Businesses Nearby
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Business Placement
Demographics for 10304, NY
46,944
Population
17,524
Households
2.7
Avg Household Size
38
Median Age
31%
College-Educated
84%
High-School Grad
3.5 sq mi
ZIP Area
13,413
Density / Sq Mi
$71,506
Median Household Income
$41,752
Median Earnings
$1,516
Median Rent
$659,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments include a new kitchen, finished attic, and partially finished basement.
Where is this duplex located?
The property is located at 40 Tompkins Street Staten Island, NY.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Two apartments in a 1,790‑square‑foot duplex; Second‑floor unit with 3 bedrooms and finished attic; First‑floor apartment with 2 bedrooms
