Duplex with Finished Lower
For Sale
$849,999
41 Margaretta Court, Staten Island, NY 10314
A second kitchen and separate basement entrance support a flexible interior arrangement.
Property Size1,391 SF
Days on Market10
Property Features for 41 Margaretta Court
General Information
Standard status
Active
Size
1,391 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$6,711
Amenities
hardwood floors
deck
finished lower level
laundry
storage
workshop
Building Details
Building Size
1,391 SF
Year Built
1962
Construction
Cape-style
Listing Agency:
Tom Crimmins Realty, Ltd.
Listed By:
Robert A Crimmins
(718) 370-3200
Source:
Wonicarealtors
Added: Sep 22
Changed: Sep 26
Last Checked: Sep 30 at 3:30PM
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 Tom Crimmins Realty, Ltd.
Investment Insights
Based on property information with market context.
This 1962 Cape-style duplex includes hardwood floors, a formal dining area, and a rear room with sliding doors to an elevated deck. A second kitchen adds another functional area, while the finished lower level includes laundry, storage, and workshop space, with a separate exterior entrance.
Outside, the property has a private driveway and a backyard with lawn space and a deck. The interior also features large windows and vintage-character bathrooms.
Outside, the property has a private driveway and a backyard with lawn space and a deck. The interior also features large windows and vintage-character bathrooms.
Key Highlights
- Second kitchen provides additional food‑preparation space
- Finished lower level with laundry, storage, and workshop area
- Separate entrance to the basement
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
$37,939
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
4.46%
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%
$758,780
$758.8K
Cap Rate 7%
$541,986
$542.0K
Cap Rate 9%
$421,544
$421.5K
Market Conditions
NOI Build-Up for 1,391 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
$56.8K $40.80/SF
− Vacancy
−$2.6K −$1.84/SF
EGI
$54.2K $38.96/SF
− OpEx
−$16.3K −$11.69/SF
NOI
$37.9K $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%
$758,780
Cap Rate 7%
$541,986
Cap Rate 9%
$421,544
Alternative Uses
Best Use
Multifamily LT 5
$542.0K
$474.2K – $632.3K
NOI $37,939 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$502.6K
$439.8K – $586.3K
NOI $35,180 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$663.7K
$580.8K – $774.3K
NOI $46,460 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,631
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
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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 - A second kitchen and separate basement entrance support a flexible interior arrangement.
Where is this duplex located?
The property is located at 41 Margaretta Court Staten Island, NY.
What is the asking price?
The asking price for this property is $849,999.
What are key features of this property?
This property features: Second kitchen provides additional food‑preparation space; Finished lower level with laundry, storage, and workshop area; Separate entrance to the basement
