Duplex With Finished
For Sale
Contact for pricing
43 Cherrywood Court, Staten Island, NY 10308
Two-family residence includes a separate apartment, finished lower-level space, and an attached garage.
Property Size2,334 SF
Price / SF$380.89
Days on Market287
Property Features for 43 Cherrywood Court
General Information
Standard status
Active
Size
2,334 SF
Total Parking Spaces
1
Property subtype
Multifamily
Zoning
R3 -2
Units
Unit Mix
3BR/3BA, 1BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
pool
Building Details
Year Built
1985
Buildings
1
Stories
3
Units
2
Listing Agency:
DiTommaso Real Estate
Listed By:
Tatiana Koyfman · License #NY 30K01021262
Source:
Crexi
Added: Nov 21, 2025
Changed: Aug 30
Last Checked: Sep 2 at 3:32AM
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.
Built in 1985, this 2,334-square-foot duplex includes a primary residence and a separate lower-level apartment. The main home offers three bedrooms, three bathrooms, hardwood flooring, and an eat-in kitchen opening to a large deck. Its finished basement adds a family room and 3/4 bathroom, while the attached one-car garage and pool provide additional property features.
The lower apartment has one bedroom, a kitchen, and a full bathroom. The property is located at 43 Cherrywood Court in Staten Island, NY 10308, near parks, schools, shopping, and public transportation. Zoning is R3 -2.
The lower apartment has one bedroom, a kitchen, and a full bathroom. The property is located at 43 Cherrywood Court in Staten Island, NY 10308, near parks, schools, shopping, and public transportation. Zoning is R3 -2.
Key Highlights
- 2,334‑square‑foot duplex built in 1985
- Main residence with 3 bedrooms and 3 bathrooms
- Separate lower apartment with 1 bedroom, kitchen, and full 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
$58,042
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
6.53%
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%
$1,160,840
$1.2M
Cap Rate 7%
$829,171
$829.2K
Cap Rate 9%
$644,911
$644.9K
Market Conditions
NOI Build-Up for 2,334 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
$86.8K $37.20/SF
− Vacancy
−$3.9K −$1.67/SF
EGI
$82.9K $35.53/SF
− OpEx
−$24.9K −$10.66/SF
NOI
$58.0K $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%
$1,160,840
Cap Rate 7%
$829,171
Cap Rate 9%
$644,911
Alternative Uses
Best Use
Multifamily LT 5
$829.2K
$725.5K – $967.4K
NOI $58,042 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$739.4K
$647.0K – $862.7K
NOI $51,759 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$1.11M
$974.5K – $1.30M
NOI $77,956 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
442
Businesses Nearby
Explore this area
Business Placement
Demographics for 10308, NY
28,198
Population
11,093
Households
2.5
Avg Household Size
44
Median Age
40%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
12,817
Density / Sq Mi
$122,654
Median Household Income
$67,149
Median Earnings
$1,729
Median Rent
$648,800
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 - Two-family residence includes a separate apartment, finished lower-level space, and an attached garage.
Where is this duplex located?
The property is located at 43 Cherrywood Court Staten Island, NY.
What is the asking price?
The asking price for this property is $888,999.
What are key features of this property?
This property features: 2,334‑square‑foot duplex built in 1985; Main residence with 3 bedrooms and 3 bathrooms; Separate lower apartment with 1 bedroom, kitchen, and full bathroom
