Two-Family Home with Basement
For Sale
Contact for pricing
42 Jasper Street, Staten Island, NY 10314
Well-cared-for two-family residence with spacious main unit, finished basement flexibility, and a separate one-bedroom apartment.
Property Size2,610 SF
Price / SF$455.94
Days on Market54
Property Features for 42 Jasper Street
General Information
Standard status
Active
Size
2,610 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
2
Building Details
Year Built
1970
Tenancy
Multi
Listing Agency:
Katz Realty
Listed By:
Andres David · License #10301218111
Source:
Crexi
Added: Jun 16
Changed: Jul 10
Last Checked: Aug 7 at 8:49AM
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 Katz Realty
Investment Insights
Based on property information with market context.
This well-cared-for two-family home at 42 Jasper Street, Staten Island, NY 10314, offers a functional, flexible layout. The main unit features 3 bedrooms and 3 bathrooms, along with an eat-in kitchen that includes an L-shaped dining area flowing into the living room. A basement level adds additional space and includes a 3/4 bathroom, providing room to create a recreation area, office, or guest setup.
Outside, the home includes a beautiful backyard and a den, supporting everyday living and entertaining. A built-in driveway adds convenient off-street parking. The property also includes a separate 1-bedroom apartment, designed to support a multi-unit household arrangement.
For tenants or buyers looking for more than a single residence, the property’s two distinct living areas can accommodate flexible occupancy. The main unit’s bedrooms and full bath count support comfortable long-term use, while the basement’s added bath and space provide options for work-from-home or leisure use. The separate one-bedroom apartment offers a practical second unit for those seeking an additional rental or household space within the same property.
Outside, the home includes a beautiful backyard and a den, supporting everyday living and entertaining. A built-in driveway adds convenient off-street parking. The property also includes a separate 1-bedroom apartment, designed to support a multi-unit household arrangement.
For tenants or buyers looking for more than a single residence, the property’s two distinct living areas can accommodate flexible occupancy. The main unit’s bedrooms and full bath count support comfortable long-term use, while the basement’s added bath and space provide options for work-from-home or leisure use. The separate one-bedroom apartment offers a practical second unit for those seeking an additional rental or household space within the same property.
Key Highlights
- Two‑family home built in 1970 with a spacious main unit plus a separate 1‑bedroom apartment
- Main unit features 3 bedrooms and 3 bathrooms with an eat‑in kitchen that connects to an 'L' shaped dining area and living room
- Finished basement adds extra living space and includes a 3/4 bathroom
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
$71,187
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
5.98%
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%
$1,423,740
$1.4M
Cap Rate 7%
$1,016,957
$1.0M
Cap Rate 9%
$790,967
$791.0K
Market Conditions
NOI Build-Up for 2,610 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
$106.5K $40.80/SF
− Vacancy
−$4.8K −$1.84/SF
EGI
$101.7K $38.96/SF
− OpEx
−$30.5K −$11.69/SF
NOI
$71.2K $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%
$1,423,740
Cap Rate 7%
$1,016,957
Cap Rate 9%
$790,967
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$889.8K – $1.19M
NOI $71,187 @ 7.0% cap · market cap 5.98%
Second Best
Apartment 5plus
$943.0K
$825.1K – $1.10M
NOI $66,010 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$1.25M
$1.09M – $1.45M
NOI $87,175 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
424
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
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 - Well-cared-for two-family residence with spacious main unit, finished basement flexibility, and a separate one-bedroom apartment.
Where is this duplex located?
The property is located at 42 Jasper Street Staten Island, NY.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: Two‑family home built in 1970 with a spacious main unit plus a separate 1‑bedroom apartment; Main unit features 3 bedrooms and 3 bathrooms with an eat‑in kitchen that connects to an 'L' shaped dining area and living room; Finished basement adds extra living space and includes a 3/4 bathroom
