Two-Family Duplex with System
For Sale
Contact for pricing
43 Colon Street, Staten Island, NY 10312
Two-unit residence with a full basement, separate furnaces, central air, and off-street parking.
Property Size2,400 SF
Price / SF$437.08
Days on Market141
Property Features for 43 Colon Street
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Multifamily
Zoning
R3X
Net Operating Income
$1,600
Additional Details
Multifamily Units
2
Amenities
central air
solar panels
Building Details
Year Built
1995
Buildings
1
Stories
2
Units
2
Listing Agency:
SI Premiere Properties
Listed By:
Gregory Diaz · License #10311201987
(718) 667-6400
Source:
Crexi
Added: Apr 16
Changed: Aug 30
Last Checked: Aug 31 at 8:53AM
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 SI Premiere Properties
Investment Insights
Based on property information with market context.
This 2,400-square-foot duplex, built in 1995, includes a seven-room main residence and a separate three-room apartment. The primary unit has three bedrooms, including a suite with a private ¾ bath, along with another full bathroom, a cathedral-ceiling living room, dining area, eat-in kitchen with granite counters and tile backsplash, and a family room opening to the backyard through a Pella sliding door. The apartment includes central air and is scheduled for vacant delivery.
The property also provides a full basement with partially finished space, two furnaces, two hot water heaters, a built-in garage, two driveways, and a parking pad accommodating up to 4 cars. The main-unit furnace and central air are approximately 8 years old, while the roof is approximately 8 years old. Solar panels installed approximately 3 years ago are subject to a transferable lease. The property is located at 43 Colon Street in Staten Island and is zoned R3X.
The property also provides a full basement with partially finished space, two furnaces, two hot water heaters, a built-in garage, two driveways, and a parking pad accommodating up to 4 cars. The main-unit furnace and central air are approximately 8 years old, while the roof is approximately 8 years old. Solar panels installed approximately 3 years ago are subject to a transferable lease. The property is located at 43 Colon Street in Staten Island and is zoned R3X.
Key Highlights
- 2,400‑square‑foot two‑family duplex built in 1995
- Seven‑room main unit plus a separate three‑room apartment
- Three‑bedroom main residence with private ¾ bath in the primary suite
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
$59,306
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
5.65%
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%
$1,186,120
$1.2M
Cap Rate 7%
$847,229
$847.2K
Cap Rate 9%
$658,956
$659.0K
Market Conditions
NOI Build-Up for 2,400 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
$92.2K $38.40/SF
− Vacancy
−$7.4K −$3.10/SF
EGI
$84.7K $35.30/SF
− OpEx
−$25.4K −$10.59/SF
NOI
$59.3K $24.71/SF
Area
ZIP 10312
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 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%
$1,186,120
Cap Rate 7%
$847,229
Cap Rate 9%
$658,956
Alternative Uses
Best Use
Multifamily LT 5
$847.2K
$741.3K – $988.4K
NOI $59,306 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$745.4K
$652.2K – $869.6K
NOI $52,177 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,161 @ 7.0% cap · market cap 7.64%
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
331
Businesses Nearby
Explore this area
Business Placement
Demographics for 10312, NY
61,642
Population
22,547
Households
2.7
Avg Household Size
43
Median Age
41%
College-Educated
92%
High-School Grad
6.9 sq mi
ZIP Area
8,934
Density / Sq Mi
$111,434
Median Household Income
$62,700
Median Earnings
$1,911
Median Rent
$698,900
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-unit residence with a full basement, separate furnaces, central air, and off-street parking.
Where is this duplex located?
The property is located at 43 Colon Street Staten Island, NY.
What is the asking price?
The asking price for this property is $1,049,000.
What are key features of this property?
This property features: 2,400‑square‑foot two‑family duplex built in 1995; Seven‑room main unit plus a separate three‑room apartment; Three‑bedroom main residence with private ¾ bath in the primary suite
